Homeownership

Nevada Fair Housing Center is an advocate for housing choice. Homeownership is the American dream for many families. But, there are some questions you should ask before purchasing a home. The most important question – are you ready? Did you calculate the cost of homeownership? What information do you need as a consumer to begin the search for purchasing a home? Where should you go for assistance to get through the process?

NFHC provides education, mortgage advice, technical a ssistance and individual mortgage planning. Program participants also receive information on special programs that might meet their needs.

NFHC understands that the first step to purchasing a home is information; we offer a variety of financial planning and home purchase education. Class curriculum includes:

  • Managing Your Money
  • Understanding Credit
  • Debt Analysis
  • Homeowner Associations – Rules & Regulations
  • Understanding Mortgages
  • Insurance
  • The Closing Process
  • Home Equity Lines of Credit (HELOC)
  • Avoiding Identity Theft
  • Maintaining Home
  • Understanding Consumer Protection Laws

The facts about homeownership are simple. Enroll in one of our many classes and get the facts. To obtain a schedule of classes, just complete the contact form.

Financial Services

Growing Your Savings

Nothing in life is free. There is always a cost, even if it is just our time. Homeownership requires an investment of time and hard dollars. Every consumer should have a savings account. NFHC offers a program to leverage your investment.

NFHC offers Individual Development Accounts (IDA), which provides a 3:1 matching subsidy to individuals saving for homeownership and a 2:1 matching subsidy to individuals attempting to establish an emergency savings account.

At a minimum, participants must:

  • save for a minimum of 10 months;
  • successfully complete a money management program;
  • show proof of verifiable income and
  • save a minimum of $25.00 per month

For more information, please contact the office.

Down Payment Assistance

For consumers that have not owned a property in the last two years, NFHC offers, in partnership with participating partners, the WISH down payment assistance program.

NFHC will provide a 3:1 match of up to fifteen thousand dollars for eligible clients, based on need. Homeownership education is required

Small Loans – Maximum $5,000

In some circumstances, where additional funding is needed for home purchase, a small loan may be provided, not to exceed $5,000 (based on individual qualifications).