down payment assistance
Greater Nevada Mortgage grants $1.75 million in down payment assistance to middle-income, first-time homebuyers
Submitted by Carson Now Reader on Tue, 08/27/2024 - 11:43am
Greater Nevada Mortgage, a subsidiary of Greater Nevada Credit Union, enabled 35 first-time homebuyers to pursue homeownership by facilitating grants through the Federal Home Loan Bank of San Francisco’s Middle-Income Down Payment Assistance program.
Greater Nevada Mortgage grants middle-income homebuyers $50,000 for down payment and closing costs
Submitted by Carson Now Reader on Wed, 09/20/2023 - 3:45pm
For 20 Nevada homebuyers, homeownership became a reality with the Middle-Income Down Payment Assistance program offered since May through Greater Nevada Mortgage, a subsidiary of Greater Nevada Credit Union.
The pilot program, made possible by the Federal Home Loan Bank, offered a small number of financial institutions, including GNCU, up to $1 million to disperse among qualifying middle-income homebuyers. Those eligible could receive $50,000 towards closing costs and down payment assistance on their first home.
