A Home (for you) is Possible

A Home (for you) is Possible | blog.phmc

What does it take to purchase a home? Good credit ✅. Steady income ✅. Low debt-to-income ratios ✅. Job history ✅. Oh yeah, and money in the bank…🚫  The average sales price of homes in the state of Nevada is $277,900, so that means home buyers will have to come up with the following down payment amounts to purchase a home at the average sales price:

Common down payment amounts for a $277,900 home (average sales price in NV) 20% down = $55,580 10% down = $27,790 5% down =$13,895 3.5% down = $9,726.50 3% down = $8,377 Find this image on blog.phmc.com

If you’re one of the many Americans that meet all the requirements to purchase a home but fall short on the funds for a down payment, you’re not alone. That’s where down payment assistance programs come in! The Nevada Housing Division provides its residents with bonus money for a down payment with the Home is Possible program. It is designed to help low and middle class Americans into homes, and better yet, you don’t have to be a first time home buyer.

“From the first time our lender mentioned Home Is Possible until we closed on the house, it was only three weeks. We got over $7,000 from the program. We wouldn’t have been able to purchase when we did without the program, plain and simple. What a relief.” – Courtney S., Home is Possible recipient of $7,000

Check to see if you qualify below 👇:

Nevada’s Home is Possible Program

✔️ Qualifications:
  • Your income is below $98,500
  • The home is priced below $400,000
  • Your credit score is 640+
  • The home purchased is your primary residence
  • Complete the required buyer education course
➕ Benefits:
  • Get up to 5% of the loan value in bonus money
  •  Usable for down payment and closing costs
  •  Forgivable after 3 years (if your stay in your home)
  •  Attractive 30-year interest rate
  •  No first-time home buyer requirement
  •  Financing available for manufactured homes
  •  State-wide program

Nevada's Home is Possible Program Qualifications Your income is below $98,500? The home is priced below $400,000 Your credit score is 640+ The home purchased is your primary residence Complete the required home buyer education course Must meet standard underwriting requirements Pay a one-time fee of $675 and Benefits Get up to 5% of the loan value Usable for down payment and closing costs Forgivable after three years (if your stay in your home) Attractive 30-year interest rate No first-time home buyer requirement Financing available for manufactured homes State-wide program


Platinum Home Mortgage is an approved lender to accept Home is Possible bonus money as a down payment for your first or next home, and WE’RE LOCAL!
Find our contact information below, and stop by or give us a call to learn more at no obligation to you.

Platinum Home Mortgage Loan Officer Edward Hardnett, Las Vegas Greystone Branch | blog.phmc.com

🏢 4670 S. Fort Apache Rd, Suite 190
Las Vegas, NV 89147
📞 702-664-6167

📧  edward.hardnett@phmc.com

Get preapproved now. Find this image on blog.phmc.com

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Edward Hardnett

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