NOTICE OF MORTGAGE
Nevada Housing Division hereby notifies all interested parties that
effective 8:00 a.m. Pacific Standard Time, on September 29, 2008.
All loan reservations being made after that time will be at the following
rate: 7.25% for 30 year all types of loans. This new
restriction relates to mortgage funds available in the following bond
issues: 2008C. This rate will remain in effect until
by another later dated notice.
LOAN LIMIT of $10,000 for any Housing Division Down-Payment and
Closing Cost Assistance Loan remains in effect. The revised mortgage
rates for the NHD down-payment and closing cost loans will be 9.25% on a NHD
2nd associated with a 30-year 1st mortgage.
Additionally, any Teachers' First®
Program approved applicant for a 30-year loan will be at a rate of 6.05%. The Teachers' First® Program
'draw-down loans' will be at 8.05%.