RobertRange.com: Reno and Sparks Real Estate, Short Sales and Foreclosures

While perhaps not quite as desirable as the former Rural Grant program, the Rural Housing departments Home at Last program offers a tax credit for mortgage interest paid. Most people don't realize that the "rural" grant covers much of Sparks and Spanish Springs! Combine this with the current federal tax credit program and a new homeowner can get a nice sized tax refund check.
From the Nevada Rural Housing website:
Home at Last™ - Helping Nevadans realize the dream of home ownership

Do you dream of owning a home, but don’t think you can qualify for a loan? The Home At Last™ program from Nevada Rural Housing Authority could be the answer.

Since 2006 NRHA has raised over $80 million in mortgage loan funds through the sale of tax-exempt bonds helping hundreds of Nevada families buy their first homes.

If you’re looking to purchase in rural Nevada cities or towns with fewer than 100,000 residents and have not owned a home in the past three years or are a veteran, you may qualify. NRHA provides qualified Nevadans with a secure, low interest mortgage along with free down payment assistance – that’s money for a down payment you never have to pay back.

The current Home At Last™ is a mortgage credit certificate (MCC) program that can save first time buyers thousands of dollars every year in mortgage interest.

If you are interested in some more information, give me a call or email.