Friday, January 16, 2015

Free Down Payment & Closing Costs For Your Home Purchase


The Dominguez-Martin Group is “Helping Nevadans Feel at Home” with Free Money!

Looking to purchase a home in Las Vegas? Would 4% free money help? Melissa and David know how to get you qualified under the “Home is Possible” grant program that helps make the dream of home ownership a reality for qualified Nevadans. This could be you, keep reading!

The Home is Possible grant program is focused on helping home-buyers in Washoe and Clark Counties (Greater Las Vegas area) who want to purchase a primary residence. The grant provides up to 4% of a loan's value for down payment and closing costs.  Down payment and closing cost coverage can really help you out without having to come out of pocket. Some grant programs have to be repaid or are only for first time home-buyers. The “Home is Possible” grant NEVER needs to be repaid and is NOT restricted to first time home-buyers. Some of the benefits of the program are a fixed interest rate, 30-year loan and no asset limits for home-buyers.

There are a few requirements of the “Home is Possible” grant program such as buyers must have a minimum credit score of 640 for government insured loans (FHA, VA), 660 for manufactured homes and 680 for most conventional loans. (A borrower must meet normal government or conventional loan underwriting requirements.) To qualify, your annual combined income must be below $95,500.00. There is a maximum purchase price of $400,000.00 and the home-buyer must complete an educational course as required by the program.

A program such as the “Home is Possible” grant program can really make the difference for buyers who may not otherwise qualify if they had to pay for these costs out of pocket. So now that I’ve got your interest peaked, you are probably wondering, how do I get this program setup for my home purchase? Contact the Dominguez-Martin Group, they will guide you through the entire process and connect you with a qualified lender, and complete the necessary home-buyer paperwork. From there it is just a matter of finding the home that fits your needs and writing a competitive offer that gets accepted. The Dominguez-Martin Group consistently ranks among the Top 5 Producing real estate teams at Keller Williams Realty Las Vegas. Give them a call today, they would love to meet you for coffee or meet for sushi and explain the home-buying process to you and consult with you to find the best program and home that fits your specific needs in the greater Las Vegas area.
Buying a home is one of the biggest and most exciting financial decisions of your life! It can be very nerve wracking, but much of that anxiety is easily relieved when you know what to expect. That's why you will want to book mark this Home-Buying 101 page and watch the videos they will help you understand the home-buying process.

Written By Nickel Lowman
with content from Nevada Housing Division
Dominguez-Martin Group
6180 Brent Thurman Way, Ste. 100
Las Vegas, NV 89148
702.582.9088
www.DominguezMartinGroup.com

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