“It was our lender who told us we should investigate the Nevada Rural Housing Authority (NRHA) programs,” said Friedman.
Through the NRHA, Friedman discovered that she qualified for the Home at Last program, where she and her husband would be given a grant equal to 4 percent of the loan amount that the couple took out to purchase their home through their approved leander. In order to qualify for the program, those qualifying couples or families must have a combined income below $56,500 and must purchase a home in a city with a population below 150,000. All Home at Last applicants must have at least a 640 on their credit score and also take a homebuyer education class to become more aware of the home-buying process.
Friedman and Tingle couldn't purchase a home in Reno due to the city's population size but they found the perfect home in the Miramonte development in Sparks.
“We started our Home at Last program in 2006, with the idea that we would be able to help hard-working families get into homes,” says NRHA Executive Director Gary Longaker. “But then the economy crashed, and the Nevada real estate market took a big hit, making our services even more important.”
"We help first-time home buyers," said Nicole Larrimore, a mortgage and marketing specialist with NRHA.
Once qualifying for the Home at Last program, the couple received monetary help with their down payment, completing the purchase of their home in September. When the couple moved into their Sparks home, they became the 2,000th family that NRHA assisted.
"The whole process was stressful, with the paperwork and everything," said Friedman. "But as a whole, the entire thing was pretty easy. The whole process went smoothly. With other lenders, it feels like they’re trying to find reasons to deny you, but the people at NRHA really seemed like they wanted to get us into a home. It felt like it was really important to them.”
Friedman is excited about her new home and recommends NRHA to anyone who qualities for its services.
"People can really afford a beautiful, safe home," said Friedman. "It's not impossible when you find the right kind of help."
The Nevada Rural Housing Authority provides rental support and home financing programs to residents all over Nevada, as well as help home owners find rebates and taxes incentives
For more information about the Nevada Rural Housing Authority, visit www.nvrural.org or call (775) 887-1797.