Friday, December 16, 2005

Aid for first time homebuyers:

First time homebuyers can get help from the Nevada Department of Business and Industry Housing Division to buy their first homes. The division will allot fifty million dollars to help eligible home buyers by providing lower interest rates for a 30 year fixed interest loan. The assistance will be provided for down payments and closing costs.

If you are eligible as a first-time buyer you can get from $15,000 up to $50,000 in down payment assistance. This should help many of the lower income group families in the state to achieve their dream of having their own home a reality.

The division has selected Countrywide Home Loans as the program administrator for the borrower's first mortgage. Many branches located throughout the state are ready to assist borrowers who are interested in pre-qualifying for the program. The criteria for qualifying are a person must never have owned a home or has not had an ownership interest in a principal residence within the past three years and for Clark County one or two person household should not have more than $70,920 as annual income.

posted by Diane @ 8:30 AM