One Nevada Credit Union Introduces New Start Mortgage Program for Distressed Homebuyers

One Nevada Credit Union just announced the launch of New Start Mortgage, a new program designed for homebuyers who were affected by the economic recession.

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Las Vegas, NV (PRWEB) February 04, 2014

One Nevada Credit Union just announced the launch of New Start Mortgage, a new program designed for homebuyers who were affected by the economic recession. Many Nevada homeowners had to file for bankruptcy, foreclose on, or short sale their homes but want to buy again and think that they cannot qualify. The program was built to help these affected Nevadans purchase homes once again.

The program is designed for primary residences and can be applied to both new purchases and refinances at an affordable interest rate. In order to participate, a homeowner simply needs to complete a homeowner counseling class. Gifts and gift equity is allowed so there is no limit to the amount of assistance from friends or family homeowners can receive.

“We’re pleased to offer Nevadans a way to own homes once again. Everyone was affected by the great recession and this new program is a good step to help our members get back to some sense of normalcy,” said Kim Westover, Vice President of Mortgage Lending.

Background information:

With $697 million in assets, One Nevada Credit Union is the largest locally owned, federally insured Credit Union in the state. It is one of the strongest, well-capitalized credit unions in the country with more 10.4% net worth. One Nevada has 15 branches and over 65 ATMs and serves over 75,000 members. Membership is open to all residents of Clark County, Washoe County and Nye County. The National Credit Union Administration, a U.S. Government Agency, insures member deposits at One Nevada.


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