Homebuyers

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.

There will be a Homebuyers Workshop for those who want to learn about the home buying process and homebuyers assistance program. The Homebuyers Workshop is April 6th 5:30pm., 2310 S. Carson St. Ste. 7B.

CARSON CITY — The Nevada Housing Division’s Home Is Possible programs have helped 21,970 homebuyers realize the dream of homeownership in Nevada since the program launched in September 2014 through calendar year 2019. This number includes 1,497 veterans and active military personnel served by the HIP for Heroes program and 796 Nevada teachers through the HIP for Teachers program.

The temperatures may be dropping outside—but for house hunters, things are just about to start heating up.
First, let’s look at the numbers for Carson City in 2019:
How did the housing market do in 2019?

St. Patrick's Day is a day to celebrate Irish heritage, excellent music, food, and of course, drinks galore. Check out the list for St. Paddy's events and other happenings throughout Carson City this weekend.

There will be a free home buying class offered this Saturday at Western Nevada College in Carson City. Open to all, visit with local realtors, loan officer, credit specialist, title and escrow, home warranty and insurance agents. You will get all your questions answered.

With home prices rising in many areas of the country, many people are worried that we’re headed for a housing crash like the one we suffered in 2008.

But here’s the thing: it’s just not true. While it’s understandable that people would look at the current market, consider it a “housing bubble,” and assume it’s going to pop, the truth of the matter is the market today couldn’t be any more different than they were before the crash of 2008.

Let’s look at four reasons why we’re not headed for another housing crash:

1. Banks have tightened their lending practices

If you follow pop culture news, you’d think that all millennials are concerned about is SnapChat and avocado toast. But according to a recent report, there’s something much more important on millennials’ minds these days—and that’s buying a home.

CJ Manthe from Carson City will be honored in November by the Girl Scouts of the Sierra Nevada at the 16th annual Triumphant: Celebrating Women in Leadership Awards Dinner.

Saturday is recognized nationwide as National Ghost Hunting Day as well as Nevada Public Lands Day statewide. Odd as it may seem, the two can be combined at haunts around Nevada.

This Saturday, northern Nevadans can learn what it takes to become a homeowner as the Nevada Rural Housing Authority will host a seminar that gives potential home buyers the tools needed to navigate the buying process.

Housing should not be a privilege afforded only by those who can pay for it.

Shelter actually meets the physiological need for warmth as well as the emotional need for safety and security, per renowned American psychologist Abraham Maslow's Hierarchy of Needs pyramid.

Housing prices for both homeowners and renters alike in Carson City have been climbing as the housing market increases, but wages aren't following suit. There is housing available in Carson, but in some cases they're remaining empty, as some simply can't afford to pay the high costs of living anymore.

CARSON CITY – During its 2018 Annual Conference, the National Association of Local Housing Finance Agencies presented the Nevada Rural Housing Authority with the Single-Family Excellence award in recognition of the Home At Last program.

As a recent beneficiary of Nevada Housing Division’s Home is Possible grant assistance to firmly plant resident first-time homebuyers into Nevada soil, I found myself needing to take a fresh look at my old furniture in new rooms. To aid me in that endeavor, I looked up the new kid in town: Heather Leonard at Brown Bear Designs and Associates located at 1492 US-395, Suite 103, in Gardnerville. Delicious fall scents and soft music welcomed me through the door.

Greater Nevada Mortgage has promoted Eva Simmons from Loss Mitigation Supervisor to Mortgage Funding Manager. She will be located in Carson City.

The State of Nevada Housing Division has raised the household income limit for its Home Is Possible programs, making even more Nevadans eligible for down payment assistance. Since the programs started in 2014, the income limit has been $95,500. In keeping with Nevada’s rising incomes, the limit has been raised three percent to $98,500.

The Nevada Rural Housing Authority (NRHA) officially introduced a new suite addition to its office space — located at 3695 Desatoya Drive in East Carson City — Wednesday with a ribbon cutting ceremony and open house event for the public.

Last fall, Western Nevada College became the only Nevada System of Higher Education institution to offer a Certified Home Inspection training program. Now, WNC is bringing a Northern Nevada’s industry leader to drive the program.

The Nevada Rural Housing Authority was recognized last Thursday by the National Association of Local Housing Finance Agencies during its 2016 Annual Conference in Dallas, Texas.

NRHA received excellence awards in two categories: the Single-Family Excellence category in recognition of the Home at Last Program, and the Multifamily Excellence category in recognition of the Winnemucca Senior Campus project.

Jennifer Morrison has rejoined the Greater Nevada Mortgage (GNM) team to work with homebuyers and real estate professionals in Carson City, and the Washoe and Douglas County areas. Her office is located inside of the Greater Nevada Mortgage office at 4070 Silver Sage Drive in Carson City.

The entrance of companies like Tesla and Switch into Nevada means great things for the local economy. What they also mean are raising housing prices, as more and more people move into the Silver State, creating a housing shortage. This is good news for existing homeowners, but concerning for first-time homebuyers.

According to the Reno Gazette-Journal, “In January 2012, the median price for a home in northern Nevada was around $135,000. More than two and a half years later, home values have jumped by about 85 percent.”

USDA Rural Development and its two close housing partners, Nevada Housing Division and the Nevada Rural Housing Authority on Tuesday celebrated National Homeownership Month with a "Power Hour" to brief real estate professionals on the changes in real estate law resulting from the 2015 Nevada State Legislature and to honor their work to leverage homeownership across the state.

USDA Rural Development and its two close housing partners, Nevada Housing Division and the Nevada Rural Housing Authority on Tuesday celebrated National Homeownership Month with a "Power Hour" to brief real estate professionals on the changes in real estate law resulting from the 2015 Nevada State Legislature and to honor their work to leverage homeownership across the state.

After serving as the Single Family Housing Specialist at USDA Rural Development, Diane Arvizo joins Nevada Rural Housing Authority as Director of Homebuyer Services. In her new role, Arvizo will work on NRHA’s Home at LastTM program, building strong strategic partnerships and providing homebuyers with financial education.

Arvizo brings to the job a diverse background in real estate, financing, loan servicing, and community development, as well as an A-to-Z understanding of the home buying process.

Greater Nevada Mortgage (GNM) has named James Anderson as its new Executive Vice President of Mortgage Lending. Anderson will lead GNM’s strategic initiatives and oversee sales, servicing, operations, and secondary marketing, as well as the relationship with parent company, Greater Nevada Credit Union.

Melody Harkreader has been named to the Nevada Rural Housing Authority Board of Commissioners as its rental housing representative. She was jointly appointed earlier this month by the Nevada Association of Counties and Nevada League of Cities.

“What NRHA offers is wonderful. It has blessed and helped so many families,” Harkreader said. “The Home at Last program is fantastic for first-time homebuyers, by giving families the opportunity to have their own home. And I'm very excited about the work they do with the homeless.”

Lyon County, Nevada was the fastest-growing county in the United States prior to the 2008 economic collapse took one of the biggest hits statewide in the foreclosure crisis. The state overall was one of the hardest hit nationally and the housing market is still in recovery.
A glimmer of hope was seen in 2013, as home values headed up while foreclosure rates headed down, according to a report from the Lied Institute for Real Estate Studies at the University of Nevada Las Vegas.

Guild Mortgage Company announced Wednesday the opening of a new location in Carson City. The new branch will be a satellite to the Zephyr Cove-based branch at Lake Tahoe.

Deborah Mae (Debbie) Humphrey, branch manager of the Zephyr Cove location, will also manage the new branch. Humphrey has more than 20 years of experience serving Carson Valley and is enthusiastic about expanding Guild's presence.

The Nevada Rural Housing Authority has 2013 Workforce Initiative Subsidy for Homeownership funds available to help first-time homebuyers with the necessary down payment to get into a home of their own, but they must be in contract by March 31, 2014.

In Carson City, the income limits are slightly higher and in Lyon and Churchill counties, they are slightly lower. Income limits can be found here.