Kristine Dugan, ABR, BS, CRS, SFR
Kristine Dugan, ABR, BS, CRS, SFR
Your Resource for All Things Real Estate
Direct Phone: 702-332-7781 :: Email: info@HomeSearchVegasValley.com

FREE Money in Las Vegas to Buy a Home

Posted on April 19, 2011
That's right, FREE, F-R-E-E money to buy a home. When I first heard this in a Real Estate Class I attended last week, I was a little skeptical because the days of 0% down financing are over (so I thought) - boy I was wrong.
 
After the class I decided to do a little more research of my own and reach out to my partner that does the loans for my clients that are buying with a loan, Michael Rodriguez, to find out what specifically is available for home buyers looking to buy that may not have the traditional 3.5% down payment needed to obtain a loan.
 
Here is what we came up with - at least 8 loan programs that a buyer can get into a property for little to no money down. Keep in mind there are restrictions to the availability of these programs nonetheless, they are out there to the people that do qualify and each program is an awesome opportunity to get FREE money to buy a home! To find out if you are eligible for one of these programs, call me today at 702-332-7781 so we can analyze your options.
 
Below is a summary of the loan programs and some of the requirements. 
 
  • Up to $25,000 in Down Payment / Closing Costs Assistance
  • Primary Residence Only (Buyer cannot own any other Properties)
  • Family Income 120% AMI (Average Median Income)
    •
 
  • Up to $20,000 in Down Payment / Closing Costs Assistance
  • First Time Home Buyers Only (Cannot have owned a home in the past 3 years)
  • Family Income Cannot Exceed 80% AMI (Average Median Income)
  • North Las Vegas Properties Only
 
  • Up to $15,000 in Down Payment / Closing Cost Assistance
  • First Time Home Buyers Only (Cannot have owned a home in the past 3 years)
  • Family Income Cannot Exceed 80% AMI (Average Median Income)
  • Clark County Properties Only
 
  • 3-1 Contribution (Buyer contributes $5,000, Wish Funds $15,000 Max)
  • First Time Home Buyers Only (Cannot have owned a home in the past 3 years)
  • Family Income Cannot Exceed 80% AMI (Average Median Income)
  • No Property Restrictions
 
  • Up to $4,500 in Down Payment / Closing Cost Assistance that will have to be paid back over the course of 20 years at a 7% interest rate (or $35 per month)
  • First Time Home Buyers Only
  • Income Restrictions Apply
  • No Property Restrictions
 
Additional programs include the Good Neighbor Next Door Program which includes Law Enforcement Officers, Pre-K to 12th Grade Teachers, Fire Fighters and Emergency Medical Technicians are eligible to receive half off the appraised value of a home and a down payment as little as $100 (area restrictions do apply).
 
There are also the traditional loan programs that offer little to no money down including the FHA Loan Program which allows a "gift" of 3.5% of the sales price as a down payment from a family member and the VA Loan Program which only requires $1 as a down payment.
 
As I mentioned above, call or email me today to find out if you are eligible for FREE money to buy a home in this amazing real estate market where home values and interest rates are at historic lows!
 

Share: del.icio.us Digg StumbleUpon
Post a Comment on "FREE Money in Las Vegas to Buy a Home"
Name
Email
Website
Comment
 
Shuman Mulcahy Group Realty :: 4975 South Fort Apache, Suite #105 Las Vegas, NV 89148 :: Office Phone: 702-967-0461
©2012 GraphicalData, Inc.   Site Map