FAQ

The lien will remain on the home for a minimum of 5 years before it is forgiven.

Mobile homes are eligible as long as they are on a permanent foundation and have been converted to real property. Apartments and multifamily residences are not eligible.

No, the purchase must be financed through a lending institution and recorded by a title company to secure the lien at closing.

There is no minimum credit score required to participate in the program. Applicants must be approved for a mortgage loan and provide a copy of the Certificate of Eligibility in order to be approved with our program.

No, any and all repairs involving health and safety will be determined once a home inspection has been completed, and repairs are required to be completed prior to closing. Proof of repair is required before funding can be sent to the title company for closing.

No, any and all required health and safety repairs must be completed along with providing proof of repairs prior to closing.

No, funding for DPA can only be used towards the down payment and/or eligible closing costs.

The maximum sales price limits vary from county to county, please contact our Housing Staff for more information.

Please contact our Housing Staff to find out the income limit for your county and household size.

• Loan Origination Fees
• Appraisal Fee
• Daily Interest
• Flood Certificate
• Credit Report
• Tax Service Fee
• Title Charges
• Recording Fees
• Transfer Taxes
• Inspection Fees
• Lead Based Paint Inspection (only required for homes built in 1978 or prior)
• HUD Approved Home Buyer’s Education Course Fee

We require applicants to complete an online, HUD Approved, Home Buyer’s Education Course. The fee for completing the course may vary depending on which website is used, however, we can include the cost at closing and reimburse for the amount paid as long as a completion certificate and receipt of payment is provided prior to closing. Please note that if the course does not have a fee, it is most likely not HUD Approved, and we will require you to complete a course that is approved.

The below websites offer online homebuyer’s education courses:

www.knowdebt.org

www.credit.org

www.homeownership.org

You may apply for DPA even if you do not have an accepted offer in on a home at the time of application. We will keep your application on file for 6 months, however we will request updated documentation every 90 days unless you notify us that you are no longer in need of Down Payment Assistance.

Major roof repairs are usually outside the scope of Weatherization. Mobile home roof coating and minor repairs may be eligible and will be determined after a home energy audit has been completed.

No, the Weatherization Program is paid for by grant funding.

Yes, please be sure to complete the “LANDLORD” line on the first page of the application with the name, address, and phone number of your landlord. We will send them a form outlining the purpose of the program and their obligations, they are required to sign and return the form before we can schedule and initial home energy audit. Currently, mobile homes and single family site built homes are eligible, and neither the tenant or the landlord is responsible for payment of any work done.

Once you have been approved for the program, you are added to a statewide waiting list organized by county. Once we are starting work in your area, we will contact you to set up a time and date for your inspection. We are also required by the State of Nevada Housing Division to use a points system for priority rating, which is determined at the time of application. To find out your priority rating please call our office and speak with the Housing Programs Clerk.

An initial “Scope of Work” will be signed by the applicant at the time of their home energy audit. This scope will list energy saving measures the inspector has suggested for the home. The scope of work is subject to change. Once we receive an approved work order/estimate from the contractor, the contractor will notify the applicant of what measures will be installed, along with a time and date for the work to begin.

We are required to keep applications and supporting documents current and up to date. Items such as power/propane/natural gas cost and usage, income, and contact information may change. We will request updated information/documents if it is older than 6 months.

If the home has been sold, the ownership is transferred, or if the home is no longer your primary residence prior to the period of affordability, the total amount will be due in full to Nevada Housing Division.

Cosmetic repairs are not eligible under this program. Health and safety, handicap accessibility, and energy conservation measures are eligible.

Yard work and landscaping are not eligible under this program.

No. While we do look at credit characteristics, we do not have a minimum score requirement. We do require that all accounts are currently on time and that there are no open collections or judgements.

Between 6-12%, depending on the strength of the project.

We can use business or personal assets. Real estate, vehicles, equipment, etc.

Depending on the collateral being offered, we can extend the term of the loan out as long as 20 years.

We finance many kinds of businesses. Agriculture, motels, restaurants, mini-storage, construction companies, etc.

Yes pets are welcome. There is no fee for service animals. There is a $100 pet fee for non-service animals.

Yes.

One bedroom apartments with living room, dining room, kitchen with microwave, washer/dryer are 748 square feet.