middle income 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.
