The lender offers down payment assistance
Greater Nevada Mortgage (GNM), a wholly-owned subsidiary of the Greater Nevada Credit Union (GNCU), is one of a number of mortgage lenders participating in the Federal Homeownership Grant Program (WISH). Home Loan Bank of San Francisco. Through this program, eligible low-to-middle-income Nevada homebuyers can qualify for matching grants of up to $22,000 in down payment assistance.
“As a participating financial institution, Greater Nevada Mortgage is thrilled to be part of the WISH program for the second year in a row,” said James Anderson, executive vice president of Greater Nevada Mortgage. “The housing market is tough right now, but there are support options available for families and working individuals to make the transition from renting to owning a reality.”
Eligibility for the WISH program includes:
■ Successful completion of approved homebuyer counseling program.
■ Be a first-time homebuyer, as defined by the bank in its AHP Implementation Plan.
■ Meet the income eligibility criteria as published by the bank at the time of enrollment in the WISH program and be at or below 80% of the Department of Housing and Urban Development area median income.
■ Approval by income criteria.
■ Submitting an application for Nevada and/or California properties.
■ Membership in the Greater Nevada Credit Union is required to receive the grant.
Interested borrowers can contact a Greater Nevada Mortgage Consultant for more information and assistance by calling 702-680-6270, 800-526-6999 or visiting GreaterNevadaMortgage.com/WISH-Grants.
Founded in 2001, Greater Nevada Mortgage is a not-for-profit financial institution. Greater Nevada Mortgage provides mortgage products to meet the needs of a variety of borrowers across Nevada and California, from investors to first-time home buyers, and also offers local underwriting and closing. GNM was named a Top Mortgage Lender in several of its service areas, a Best Place to Work, and the recipient of the 2017 International Service Excellence Award in the Small Business category by the Customer Service Institute of America. For more information about GNM, call 800-526-6999 or visit GreaterNevadaMortgage.com.