Nevada Rural Program Highlights

Launchpad Bond Program

Nevada Rural - Launchpad Bond Program | At-A-Glance

AVAILABLE PROGRAMS	Launchpad Bond Program - All program funds have been allocated at this time, and the waitlist is now closed. What does this mean? We are not likely to take any additional reservations for the Launchpad waitlist, however, should it be necessary to open the list again, Nevada Rural will communicate that information in their rate flash emails.
QUESTIONS	Questions
ELLIGIBLE LOAN AREAS	Launchpad Program Eligible Loan Areas
BULLETINS	Bulletins
ELIGIBLE BORROWER(S)	Buyers and their spouse (occupant and non-occupant) must be first-time buyers (exceptions to the first-time buyer requirement for buyers using the Veterans Exception and buyers purchasing in a Federally Designated Targeted Area).
RATES	See Chart
DPA AVAILABLE	4% of the total Note amount in the form of a 0% Interest, second mortgage, forgivable after a period of 60 months, with no scheduled payments.
LOAN TYPE	See Chart
INCOME LIMITS	Launchpad Income Limits
PURCHASE LIMITS	Launchpad Purchase Price Limits
TIMELINE REQUIREMENTS	70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION	Homebuyer Education
CO-SIGNERS	Permitted to the extent allowed by applicable Agency. Treat co-signer income as directed by the Agency. A co-signer cannot have any ownership interest in the property (they cannot be on themortgage, deed and they cannot take title to the property). A co-signer cannot live in the property. Non-occupant co-borrowers are not permitted.
PROGRAM GUIDELINES	Launchpad Program Guidelines
PARTICIPATING LENDERS	Participating Lenders

Home At Last

Nevada rural Home At Last | At-A-Glance

Program	Home At Last
ELLIGIBLE AREA	Eligible Area
BULLETINS	Bulletins
ELIGIBLE BORROWER(S)	Home at Last does not require borrowers to be FTHB. Home Means Nevada requires uyers and their spouse (occupant and non-occupant) must be first-time buyers (exceptions to the first-time buyer requirement for buyers using the Veterans Exception and buyers purchasing in a Federally Designated Targeted Area).
LOAN TYPE	See Chart
INCOME LIMITS	Income Limits
LOAN LIMITS	Loan Limits
TIMELINE REQUIREMENTS	70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION	Homebuyer Education
TARGETED AREA CENSUS TRACTS	Targeted Areas Census Tract
CO-SIGNERS	Permitted to the extent allowed by applicable Agency. Treat co-signer income as directed by the Agency. A co-signer cannot have any ownership interest in the property (they cannot be on the mortgage, deed and they cannot take title to the property). A co-signer cannot live in the property. Non-occupant co-borrowers are not permitted.
PROGRAM GUIDELINES	Guidelines
PARTICIPATING LENDERS	Participating Lenders

Home at Last MCC

Nevada Rural MCC| At-A-Glance

AVAILABLE PROGRAMS	Home At Last Mortgage Credit Certificate
ELLIGIBLE AREA	Eligible Area
BULLETINS	Bulletins
ELIGIBLE BORROWER(S)	Buyers and their spouse (occupant and non-occupant) must be first-time buyers (exceptions to the first-time buyer requirement for buyers using the Veterans Exception and buyers purchasing in a Federally Designated Targeted Area).
LOAN TYPE	See Chart
INCOME LIMITS	MCC Income Limits
PURCHASE LIMITS	MCC Purchase Price Limits
TIMELINE REQUIREMENTS	70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION	Homebuyer Education
TARGETED AREA CENSUS TRACTS	Targeted Area Census Tracts
CO-SIGNERS	Permitted to the extent allowed by applicable Agency. Treat co-signer income as directed by the Agency. A co-signer cannot have any ownership interest in the property (they cannot be on the mortgage, deed and they cannot take title to the property). A co-signer cannot live in the property. Non-occupant co-borrowers are not permitted.
PROGRAM GUIDELINES	MCC Program Guidelines
PARTICIPATING LENDERS	Participating Lenders

Today’s Rates & Offerings [ Business Days 8:30am – 7:00 pm PT ]

Nevada Rural Housing | Rates & Offerings

LAUNCHPAD (Bond) - Not Available
Offering	FICO	DPA	Lock Rate
FHA, VA, USDA-RD	640	4%	N/A
HAL Government
Offering	FICO	DPA	Lock Rate
FHA, VA, USDA-RD	640	0%	6.750%
FHA, VA, USDA-RD		1%	7.250%
FHA, VA, USDA-RD		2%	7.750%
FHA, VA, USDA-RD		3%	n/a
FHA, VA, USDA-RD		4%	n/a
HAL Conventional – Fannie HFA Preferred or Freddie HFA Advantage
Offering	FICO	DPA	Lock Rate
Fannie Mae 80% AMI / Freddie Mac 80% AMI	640	0%	7.125%
Fannie Mae 80% AMI / Freddie Mac 80% AMI		1%	7.375%
Fannie Mae 80% AMI / Freddie Mac 80% AMI		2%	7.750%
Fannie Mae 80% AMI / Freddie Mac 80% AMI		3%	8.250%
Fannie Mae 80% AMI / Freddie Mac 80% AMI		4%	n/a
HAL Conventional – Fannie HFA Preferred
Offering	FICO	DPA	Lock Rate
Fannie Mae OVER 80% AMI	640	0%	7.250%
Fannie Mae OVER 80% AMI		1%	7.500%
Fannie Mae OVER 80% AMI		2%	7.875%
Fannie Mae OVER 80% AMI		3%	n/a
Fannie Mae OVER 80% AMI		4%	n/a

Launchpad Bond Program

Nevada Rural - Launchpad Bond Program | At-A-Glance

AVAILABLE PROGRAMS	Launchpad Bond Program - All program funds have been allocated at this time, and the waitlist is now closed. What does this mean? We are not likely to take any additional reservations for the Launchpad waitlist, however, should it be necessary to open the list again, Nevada Rural will communicate that information in their rate flash emails.
QUESTIONS	Questions
ELLIGIBLE LOAN AREAS	Launchpad Program Eligible Loan Areas
BULLETINS	Bulletins
ELIGIBLE BORROWER(S)	Buyers and their spouse (occupant and non-occupant) must be first-time buyers (exceptions to the first-time buyer requirement for buyers using the Veterans Exception and buyers purchasing in a Federally Designated Targeted Area).
RATES	See Chart
DPA AVAILABLE	4% of the total Note amount in the form of a 0% Interest, second mortgage, forgivable after a period of 60 months, with no scheduled payments.
LOAN TYPE	See Chart
INCOME LIMITS	Launchpad Income Limits
PURCHASE LIMITS	Launchpad Purchase Price Limits
TIMELINE REQUIREMENTS	70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION	Homebuyer Education
CO-SIGNERS	Permitted to the extent allowed by applicable Agency. Treat co-signer income as directed by the Agency. A co-signer cannot have any ownership interest in the property (they cannot be on themortgage, deed and they cannot take title to the property). A co-signer cannot live in the property. Non-occupant co-borrowers are not permitted.
PROGRAM GUIDELINES	Launchpad Program Guidelines
PARTICIPATING LENDERS	Participating Lenders

Home At Last

Nevada rural Home At Last | At-A-Glance

Program	Home At Last
ELLIGIBLE AREA	Eligible Area
BULLETINS	Bulletins
ELIGIBLE BORROWER(S)	Home at Last does not require borrowers to be FTHB. Home Means Nevada requires uyers and their spouse (occupant and non-occupant) must be first-time buyers (exceptions to the first-time buyer requirement for buyers using the Veterans Exception and buyers purchasing in a Federally Designated Targeted Area).
LOAN TYPE	See Chart
INCOME LIMITS	Income Limits
LOAN LIMITS	Loan Limits
TIMELINE REQUIREMENTS	70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION	Homebuyer Education
TARGETED AREA CENSUS TRACTS	Targeted Areas Census Tract
CO-SIGNERS	Permitted to the extent allowed by applicable Agency. Treat co-signer income as directed by the Agency. A co-signer cannot have any ownership interest in the property (they cannot be on the mortgage, deed and they cannot take title to the property). A co-signer cannot live in the property. Non-occupant co-borrowers are not permitted.
PROGRAM GUIDELINES	Guidelines
PARTICIPATING LENDERS	Participating Lenders

Nevada Rural HAL

Nevada Rural MCC| At-A-Glance

AVAILABLE PROGRAMS	Home At Last Mortgage Credit Certificate
ELLIGIBLE AREA	Eligible Area
BULLETINS	Bulletins
ELIGIBLE BORROWER(S)	Buyers and their spouse (occupant and non-occupant) must be first-time buyers (exceptions to the first-time buyer requirement for buyers using the Veterans Exception and buyers purchasing in a Federally Designated Targeted Area).
LOAN TYPE	See Chart
INCOME LIMITS	MCC Income Limits
PURCHASE LIMITS	MCC Purchase Price Limits
TIMELINE REQUIREMENTS	70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION	Homebuyer Education
TARGETED AREA CENSUS TRACTS	Targeted Area Census Tracts
CO-SIGNERS	Permitted to the extent allowed by applicable Agency. Treat co-signer income as directed by the Agency. A co-signer cannot have any ownership interest in the property (they cannot be on the mortgage, deed and they cannot take title to the property). A co-signer cannot live in the property. Non-occupant co-borrowers are not permitted.
PROGRAM GUIDELINES	MCC Program Guidelines
PARTICIPATING LENDERS	Participating Lenders