Launchpad Bond Program
Nevada Rural - Launchpad Bond Program | At-A-Glance
AVAILABLE PROGRAMS
Launchpad Bond Program
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
PURCHASE LIMITS
Purchase 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) | ||||||
Offering | FICO | DPA | Lock Rate | |||
FHA, VA, USDA-RD | 640 | 4% | 6.170% | |||
HAL Government | ||||||
Offering | FICO | DPA | Lock Rate | |||
FHA, VA, USDA-RD | 640 | 0% | 6.125% | |||
FHA, VA, USDA-RD | 1% | 6.250% | ||||
FHA, VA, USDA-RD | 2% | 6.750% | ||||
FHA, VA, USDA-RD | 3% | 7.250% | ||||
FHA, VA, USDA-RD | 4% | 7.750% | ||||
HAL Conventional – Fannie HFA Preferred or Freddie HFA Advantage | ||||||
Offering | FICO | DPA | Lock Rate | |||
Fannie Mae 80% AMI / Freddie Mac 80% AMI | 640 | 0% | 6.250% | |||
Fannie Mae 80% AMI / Freddie Mac 80% AMI | 1% | 6.375% | ||||
Fannie Mae 80% AMI / Freddie Mac 80% AMI | 2% | 6.500% | ||||
Fannie Mae 80% AMI / Freddie Mac 80% AMI | 3% | 6.875% | ||||
Fannie Mae 80% AMI / Freddie Mac 80% AMI | 4% | 7.250% | ||||
HAL Conventional – Fannie HFA Preferred | ||||||
Offering | FICO | DPA | Lock Rate | |||
Fannie Mae OVER 80% AMI | 640 | 0% | 6.375% | |||
Fannie Mae OVER 80% AMI | 1% | 6.500% | ||||
Fannie Mae OVER 80% AMI | 2% | 6.875% | ||||
Fannie Mae OVER 80% AMI | 3% | 7.250% | ||||
Fannie Mae OVER 80% AMI | 4% | 7.500% | ||||
Home Means Nevada - Thanks to you, program is winding down. | ||||||
Offering | FICO | DPA | Lock Rate | |||
FHA, VA, USDA-RD Nevada Rural Housing Authority Home Means Nevada Program FHA, VA, USDA-RD
|
640 | $15,000 | 6.125% | |||
Fannie Mae 80% AMI / Freddie Mac 80% AMI Nevada Rural Housing Authority Home Means Nevada Program Fannie Mae HFA Preferred and Freddie Mac HFA Advantage
|
6.250% | |||||
Fannie Mae OVER 80% AMI Nevada Rural Housing Authority Home Means Nevada Program Fannie Mae HFA Preferred
|
6.375% |
Launchpad Bond Program
Nevada Rural - Launchpad Bond Program | At-A-Glance
AVAILABLE PROGRAMS
Launchpad Bond Program
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
PURCHASE LIMITS
Purchase 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