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Home Downpayment Solutions for First Time Home ...

Downpayment Solutions for First Time Home Buyers

NEVADA BOND PROGRAM
1) A first-time home buyer is defined as someone who has not owned or co-owned their own residence within the past three years.
2) If you are purchasing in a "Targeted Area" there are no restrictions on former home ownership.
3) Total Gross Income cannot exceed $72,120. If you have a 3 person or more household it cannot exceed $84,140.
5) Assets may not exceed 50 percent of the purchase price
You will have to pay back that loan as well but it comes with an interest rate only slightly higher than the other mortgage. The rate on the down payment funds is 8.35% today and the loan is payable over 20 years. Plan on about $8 per month for every $1000 you borrow.
successfully complete a one-day First Time Home Buyer Education Course
45-day close
Bank list
Countrywide Nevada Bond
MetLIfe 1st mortgage - 7.25% 97% $ 992
Bank of America 2nd mortgage - $10,000 - 9.124% 20 year loan $ 36
Wells Fargo Can refinance! $ 70 Mortgage Insurance
Captures when home sells $ 1,098

Xiao-Qing Lu (Shall-Ching)

Keller Williams Realty

Phone: 702-212-2288

www.BigLifeEvent.com

Real Estate for the Next Generation!

MBA - Rutgers University 2002

BS - Rutgers University 1996

Posted Wednesday Jan 28