The Dreaded PMI

Twenty percent. That’s long been the standard amount of down payment required to purchase a home. But 20% can be quite a hefty sum and for many of us (especially first-time buyers) it can put homeownership out of reach. Fortunately, you can purchase a home in Nevada with less than 20% down. (Cue upbeat, celebratory music.) Extra fortunately, Nevada Housing Division can help you come up with your down payment through our Home Is PossibleTM programs

Buying A Home Can Be A Good Option for Single Parents

When Tiffany East and her boys, Adam and Jake, moved out of their home after Tiffany and their father divorced in 2003, they lived with her mother for a few months. “I remember it feeling so temporary as we were using her furniture and everything that was theirs was still at their dad’s,” she shares. “They asked when we were going to get our own place and that’s when I knew it was important for them to have their own space, with their own things. Someplace where we could all put down roots.” 

NHD Authorizes Financing for Renovation of Rental Units in Reno

There will be 740 renovated affordable rental housing units available in the Reno area in late 2020, made possible partly through financing by the Nevada Housing Division (NHD).

“Northern Nevada is facing an unprecedented affordable housing crisis and there’s a shortage of decent, safe and clean rental units that many of our residents can afford,” said NHD Administrator Steve Aichroth. “We know this won’t solve the entire problem, but it will help.”  

Helping the Environment While Helping Your Wallet

As Earth Month winds down, we figured it was time to take a look at some of the elements involved in purchasing a more environmentally-friendly home while helping our second favorite mother – Mother Earth. Conveniently, these suggestions can green up your pocketbook too.

Here are some big options to consider but keep reading for smaller projects that can be done after you purchase your new home (or in the home you currently live in). Some are easy and others more complicated, but all are designed to save you money, while helping the environment.

Introducing Our New Program for First-Time Homebuyers

Are you spending your evenings on Pinterest, daydreaming about paint colors and flooring options? Or are you researching dog breeds to decide what kind of puppy you’ll get after you buy your first home?

The signs indicate that you’re ready to buy a house. So, what’s stopping you? Oh yeah. Tens of thousands of dollars. Or the lack thereof.