Federal First-Time Homebuyer Credit May Have Expired, but Nevadans May Be Eligible For Tax Credit Under Home at Last Program

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Participating lender, David Driscoll, at US Mortgage Services in Las Vegas, NV says.. “Just because the federal tax credit has ended, all is not lost for Nevadans! Tax credits are still available to first-time homebuyers and qualified veterans.”

With the Nevada Rural Housing Authority’s Home at Last™ mortgage tax credits, typical first-time or veteran homebuyers save an additional $2,000 or more per year in mortgage tax credits for as long as they live in the home. Loans of $190,000 or less may receive a 30% annual tax credit and loans more than $190,000 may receive a 20% annual tax credit. Home at Last™ mortgage tax credits are available to qualified first-time homebuyers and veterans who buy and occupy what will be their principal residence in Nevada cities or towns with populations equal to or under 100,000. Eligible properties include new and existing single-family homes, duplexes, town homes, condominiums and manufactured homes with certain restrictions. Purchase price and income restrictions adjusted by household size apply. Mortgages are financed through normal VA, RHS, FHA and Conventional home loans.

Clark County residents are also eligible under this program in selected areas, such as: Boulder City, Blue Diamond and Mountain’s Edge, just to name a few. So don’t delay. If you are a first-time homebuyer, find out if you are eligible, and start saving thousands of dollars per year in taxes.

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David Driscoll
US Mortgage Services
702-835-0759 ext. 109
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