Everyday the newspapers are filled with troubling statistics on the economy and foreclosures. Sometimes it is hard to find any good news at all.Â Let me tell you about a success story, a recent transaction that I had representing the buyers, Justin and Nickia.
The young couple with their two children were looking to purchase their first home.Â The timing was right, home prices were at an all time low, and interest rates made owning a home an affordable option.
The couple easily qualified for the USDA Nevada Bond Program loan which meant no money down and a very low interest rate.Â They put in an offer on a foreclosed home for $130,000 and asked the bank to pay the closing costs.
April Diehl at PrimeLending in Fernley is an extremely detailed Loan Officer and she handled all the paperwork and was able to get the loan closed on time.
The day after Justin and Nickia closed on their new home, they mailed their 2008 income tax return which will give them an $8000 cash refund for the First-Time Home Buyer Tax Credit.
Not everything is bad news, there is good news in Fernley for a young couple.Â Call Sandra and find out if you qualify for the Nevada Bond Program and the tax credit.