Wednesday, August 12, 2009
City of Reno Homebuyer Assistance Program
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- Image via Wikipedia
There are two new programs to get eligible families $20,000 to assist with their down payment, closing cost, or even to buy down points to help make home ownership available. Under both programs the applicant must be a first-time homebuyer that can be income qualified.
2009 Income Limits
| Family Size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| 50% AMI | 24,650 | 28,150 | 31,700 | 35,200 | 38,000 | 40,850 | 43,650 | 46,450 |
| 80% AMI | 39,440 | 45,040 | 50,720 | 56,320 | 60,800 | 65,360 | 69,840 | 74,320 |
| 120% AMI | 59,160 | 67,560 | 76,080 | 84,480 | 91,200 | 98,040 | 104,760 | 111,480 |
As a Reno/Sparks real estate professional I encourage all questions and comment on the Reno/Sparks real estate market or any article posted. I can be reached by email at chance@ballard-company.com or http://www.myspace.com/chancegates
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