Rebrand – answers to frequently asked questions

NRHA (Nevada Rural Housing Authority) loans are designed to assist homebuyers in rural areas of Nevada. These loans provide substantial benefits, including down payment assistance through the Home At Last program, which offers grants or forgivable loans to help cover the initial costs of purchasing a home. This assistance can be pivotal for low- to moderate-income families who might struggle to save for a down payment, making homeownership more achievable in rural communities.

Borrowers have the flexibility to choose from various loan options, including Conventional, FHA, VA, and USDA loans, depending on their financial situation and homebuying needs. In addition to down payment assistance, NRHA loans come with competitive fixed interest rates, ensuring predictable and manageable monthly mortgage payments. The program also features flexible credit requirements and allows for higher debt-to-income ratios, making it accessible to a wider range of borrowers. To qualify for an NRHA loan, borrowers must meet specific income and property location criteria, ensuring that the benefits reach those who need them most. By offering NRHA loans, Rize Credit Union supports the goal of increasing homeownership rates in rural Nevada, providing essential financial assistance and making the dream of owning a home a reality for many families.

Loan features

1The loan limits are calculated and updated annually and vary by geographic location.