Many people delay the idea of buying a home while they’re paying down or trying to completely pay off student debt. But local industry experts believe there are many good reasons to consider homeownership sooner rather than later. Among them: With Nevada being one of the fastest growing states in the country, house prices are anticipated to continue rising, which could put your dream of homeownership even further out of reach if you wait a few years.  

The seller must have taken title to the subject property more than 90 days prior to the contract date on the sale of the property to the applicant.

U.S. Bank will allow funding fee to be split. It can be partially paid by the buyer, seller, partially financed, or partially paid in cash.

Nevada’s home prices keep rising and the hunt for affordable options is becoming more and more challenging. Enter the condominium (aka condo) and townhouse. Typically priced below detached, single-family houses, these housing units are a more affordable option for many Nevadans.

U.S. Bank will allow Assisted Appraisal Processing Program when allowed by VA, excluding complex properties, new construction or the absence of a legal written agreement as defined by VA

Freddie Mac Changes 

Effective January 13, 2020

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  Freddie Mac loans will be limited to income at or below 80% AMI.


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  Freddie Mac ASI Grant will no longer be available.


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  Conventional loans will not be available under the Home Is Possible for First-Time Homebuyer Bond program.

Nia Girma

702-486-5946

Revised DTI Guidelines

Effective January 6, 2020

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  DTI of 45.0 l % to 50% will be allowed on FHA and Conventional loans with a minimum FICO score of 680.


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  Minimum credit score of 640 still permitted with maximum DTI of 45% on FHA, VA, USDA & Conventional products.

Nia Girma

702-486-5946

Josie Hatem

702-486-5983

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!