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The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced they will help provide up to $50,000 grants to help Nevada first-time homebuyers with their down payments.
This is all thanks to FHLBank San Francisco's $10 million investment into the Nevada housing market.
To qualify, interested homebuyers must make between 80.01% and 140% of the median income in your area.
The U.S. Department of Housing and Urban Development reports that the median family income in Clark County is $87,800. So, if your family makes between $70,200 and $122,290 you may qualify for the grants.
The Senior Vice President of Mortgage Lending at Greater Nevada Mortgage, said, "For a middle-income family, that is a massive, massive boost, because housing can positively contribute into so many other areas."
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Source: KTNV