There are many reasons to consider buying a home after the age of 50. It could be time to save some money by downsizing or give into the lure of a warmer community. Or maybe it’s time to invest in a first home.

“It’s never too late,” says Las Vegas real estate agent Merri Perry. “If you buy right, you’ll make money off your home, you may have a tax write-off and, as importantly, you’ll have the pride of owning your own home. I think that buying a home is the best investment that anyone can make, no matter how old they are.”

Our state has been hit hard by the COVID-related economic shutdown, which means many Nevadans have suddenly found themselves in precarious housing positions, unable to make mortgage payments or pay rent. There are many organizations out there that have advice and resources to help. Unfortunately, bad times also tend to bring out the worst in people so it’s important to have good information to make good decisions.  

U.S. Bank has compiled a list of frequently asked questions regarding policy updates as the relate to Coivd-19 The FAQ document will be dynamic and fluid. We encourage you refer to this document frequently for updates and edits.

Nevada was one of the states hit hardest by the COVID-19 pandemic and resulting economic shutdown. With nearly a quarter of our population suddenly thrust into unemployment, making a mortgage or rent payment got a lot harder for a lot of people in a very short period of time.

Before COVID-19, lenders were reporting a less than 2 percent delinquency rate in Nevada. By April, that number was 7.97, so there’s a good chance some of you reading this have been affected, or you know someone who has.     

There’s no question that the business of real estate has gotten a lot more complicated in the age of COVID. However, it is still possible to buy or sell a house. You just need to adjust your process to address current concerns and restrictions.

If you’re buying

COVID-19 affirms the value of approaching your purchase in a methodical way. Here are some of the tasks you can accomplish by yourself, or through a phone or a video call.

So, you’ve been thinking about buying a home. But perhaps your credit score isn’t as tip-top as you’d like. Maybe you’re paying back school loans. Or you had to short-sell your last home. If you’re looking at challenges like these but feel ready to become a homeowner, an FHA loan might be right up your alley.

For the home improvement aficionados among us, we’ve been presented with quite the conundrum: We’re stuck at home, and some of us even have extra time. Yet we’re also stuck at home, which means no window-shopping trips to the home improvement store.

Never fear — the Nevada Housing Division is here! And we have plenty of ideas for how you can use this time to spruce up your home without going within 6 feet of other humans.

Effective April 1, 2020 U.S. Banks's Project Approval Department (PAD) will streamline the contact information used for this area to only use the email address submissions - projectapprovaldept@usbank.com questions padquestions@usbank.com

By the time the clock struck midnight on New Year’s Eve 2019, the Nevada Housing Division’s (NHD) Home Is Possible (HIP) programs had helped 21,970 Nevada families realize the American dream of homeownership. These newly anointed lawn mowers, picture hangers and pet lovers include 1,497 veterans and active military personnel, as well as 796 Nevada teachers. That’s a lot of families now able to paint their walls that questionable shade of chartreuse without worrying about what the landlord thinks.