Many potential homebuyers should be aware that FHA reduced their fees this year on mortgage insurance. For a homebuyer financing $200,000 this new reduction in fees will save you about $18,000 over 30 years. Wow, that is awesome as it is like a built in saving account for your long term net worth growth. An FHA loan can go up to $287,500 in Clark County with only a 3.5% down payment. There are many grants right now that will even cover your down payment and/or closing costs. We have a great lender that can help you with all this so just contact us today. If you think you need a lot of money down to purchase a home in Las Vegas, Summerlin, Henderson, or North Las Vegas then read our recent article about down payment misconceptions.
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