First-Time Homebuyer Guide

First-Time Homebuyer Guide

Buying your first home in Whitney Ranch, Henderson NV? This guide will walk you through the key steps, from mortgage options to closing costs, so you can make an informed decision.

🌐 Home Loan Programs in Nevada

First-time homebuyers in Nevada have access to special loan programs that make homeownership more affordable.

1. Nevada Housing Division (NHD) Home Is Possible Program

  • Down Payment Assistance: Up to 5% of the loan amount
  • Eligibility: Minimum 640 credit score, income limits apply
  • Learn more at Home Is Possible Nevada

2. FHA Loans (Federal Housing Administration)

  • Down Payment: As low as 3.5%
  • Credit Score Requirement: 580+
  • Best For: Buyers with lower credit scores or smaller down payments

3. VA Loans (For Veterans & Active Duty)

  • Down Payment: 0%
  • No Private Mortgage Insurance (PMI)
  • Best For: Military service members, veterans, and eligible spouses

4. USDA Loans (For Rural Areas)

  • Down Payment: 0%
  • Best For: Buyers in eligible rural areas outside major metro zones

🏦 Best Mortgage Lenders in Henderson

Finding the right lender can save you thousands over the life of your loan. Here are some top-rated mortgage lenders in Henderson, NV:

  1. Guild Mortgage – Specializes in first-time buyer programs
  2. Fairway Independent Mortgage – Offers low-interest and VA loans
  3. Supreme Lending – Local lender with strong customer service
  4. LoanDepot – Competitive rates and digital mortgage process
  5. Bank of America & Wells Fargo – Large national banks with special homebuyer grants

✅ Tip: Get pre-approved before house hunting to know your budget and strengthen your offer!

📝 Closing Costs in Nevada

Closing costs are fees paid at the end of a real estate transaction. In Nevada, they typically range from 2% to 5% of the home’s purchase price.

Common Closing Costs:

  • Loan Origination Fee: 0.5% – 1% of loan amount
  • Title Insurance & Escrow Fees: $1,000 – $3,000
  • Appraisal Fee: $500 – $700
  • Home Inspection Fee: $300 – $500
  • Property Taxes & HOA Fees (Prorated): Varies by property

✅ Tip: Some sellers may cover part of your closing costs—ask your real estate agent to negotiate!

🏠 Find Your Dream Home in Whitney Ranch

Ready to buy in Whitney Ranch? Let us help you find the perfect home!

📞 Call us at (702) 250-0649
📧 Email us at me@dalelvrealty.com

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