Lender Compensation is changed to 2.75% on all HIP products. Lender compensation is combination of Origination fee and SRP

The program maximum DTI ratio is 45% for FHA, VA, USDA-RD, Fannie Mae and Freddie Mac loans with a minimum 640 FICO. The program maximum DTI ratio is 50% for FHA, VA,USDA-RD, Fannie Mae and Freddie Mac loans with a minimum 680 FICO. This change does not affect the HIP for First-Time Homebuyer program or the HIP for Teachers program.

There are some obvious reasons why winter is not the traditional time to buy or sell a house. We don’t want to disrupt our family during the school year,  it’s a pain to move when it’s cold and it can be hard to showcase a yard’s beauty and color when everything is dormant. Perhaps most importantly, HOW WILL SANTA FIND US if we move before Christmas!?!

But these reasons also create a very compelling argument for jumping into real estate during the cold wintery months. And don’t worry, Santa has GPS!

You know how some people put off getting a health physical because they’re afraid of what they might find out? It turns out ignoring weird lumps, persistent aches and unexplained rashes won’t make them go away. And not tending to them is a lousy strategy for long term health. The same goes for credit scores.

It’s better to know, and act

Veteran James Bassett and his family were recently given the surprise of a lifetime reminiscent of an episode of “Extreme Makeover” — except without the giant bus, not to mention that the family didn’t even know where the house would be located.

Manufactured Housing Loans

Reminder: US Bank made the following changes to loans secured with manufactured homes:

• 
  Minimum credit score of 680


• 
  Maximum DTI is 45%


• 
  NO Manual Underwrites Allowed

Please note these changes affect all loans reserved September 2, 2019 or later.

Please click here to see program guidelines

Get your red hot marketing materials!

To help our lending partners have the necessary resources to get the word out on all our Home Is Possible programs, we offter free marketing materials. You can download any of our flyers and customize them with your picture and contact information. 

Did you know that the Nevada Housing Division (NHD) has a website specially designed to help Nevadans find rentals throughout the state? Well we do, and it just got a makeover!

The state of Nevada currently has an unemployment rate of 4.1%. While that’s great news for our state, it also means it’s more important than ever for employers to consider employment perks to grow and maintain a quality workforce (more on this below). Access to homeownership opportunities can be a HUGE perk. And the Nevada Housing Division (NHD) can help make that perk a reality for the people at your company or organization.

Bringing home to your office