Money Watch Q & A: Mortgage Credit Certificate - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Money Watch Q & A: Mortgage Credit Certificate

Posted: Updated:
The Nevada Housing Division (NHD) and Nevada Rural Housing Authority (NRHA) are partnering to expand the Home at Last Mortgage Credit Certificate program to the urban areas of Nevada, including Reno. With the MCC program, an average home buyer receives a $2,000 tax credit at the end of the year when the buyer files their taxes, and can be taken every year the borrower lives in the home, for the life of the loan. Housing experts tell us that is an average savings of more than $40,000 in mortgage interest over the life of the loan. Until now, this program has been limited to Nevada cities with populations fewer than 150,000 people, but beginning in June of this year, hundreds more potential homeowners will qualify to receive the incentive.

To be eligible for the program, you must be a first time home buyer, meaning you cannot have owned a home in the past three years, and must be purchasing the home as your primary residence. Households must meet income and purchase price qualifications.

To find out if you qualify, call our Money Watch Q&A lines between 5 – 6 p.m. to speak with the Mortgage and Marketing Specialist for the Nevada Rural Housing Authority. Nicole Larrimore will be taking your calls and can answer any question you may have about this expanding program. Call (775) 858-2222. You can also reach her during regular business hours at (775) 887-1796 or by emailing Nicole@nvrural.org.

Nevadans can learn more about the MCC program, and get a list of approved lenders, by visiting www.nvrural.org/mcc and emailing HALinfo@nvrural.org or by contacting the Nevada Housing Division at (775) 684-2040.

Written by Kristen Remington

  • Today's Top StoriesMore>>

  • Senior Fest 2014 Health Screenings

    Senior Fest 2014 Health Screenings

    Tuesday, September 2 2014 12:52 PM EDT2014-09-02 16:52:44 GMT
    Today until 2 p.m. at theReno Town Mall (4001 S. Virginia Street, Reno.)Senior Care Plus is offering free Health screenings for those 50 years of age and older regardless of your health care provider.Flu shots, Shingle shots, are just a few of the options that will be available.Again, those services are free!Swing by and check outSenior Fest 2014.More >>
    Today until 2 p.m. at theReno Town Mall (4001 S. Virginia Street, Reno.)Senior Care Plus is offering free Health screenings for those 50 years of age and older regardless of your health care provider.Flu shots, Shingle shots, are just a few of the options that will be available.Again, those services are free!Swing by and check outSenior Fest 2014.More >>
  • Ahmed Sends Aces to Playoffs

    Ahmed Sends Aces to Playoffs

    Tuesday, September 2 2014 1:38 AM EDT2014-09-02 05:38:20 GMT
    Nick Ahmed delivered a two-out, run-scoring base hit in the top of the tenth inning to give the Aces a 2-1 win over the Sacramento River Cats, sending Reno to the Pacific Coast League Playoffs.More >>
    Nick Ahmed delivered a two-out, run-scoring base hit in the top of the tenth inning to give the Aces a 2-1 win over the Sacramento River Cats, sending Reno to the Pacific Coast League Playoffs.
    More >>
  • Desperado's BBQ Wins Best Ribs in the West

    Desperado's BBQ Wins Best Ribs in the West

    Monday, September 1 2014 8:47 PM EDT2014-09-02 00:47:37 GMT
    The winner of the 2014 Best in the West Nugget Rib Cook-Off in Sparks, Nevada went to Desperado's BBQ from Hinckley, Ohio.More >>
    The winner of the 2014 Best in the West Nugget Rib Cook-Off in Sparks, Nevada went to Desperado's BBQ from Hinckley, Ohio.More >>
  • Most Popular StoriesMost Popular StoriesMore>>

  • Head-On Collision Closes Pyramid Highway

    Head-On Collision Closes Pyramid Highway

    Tuesday, September 2 2014 12:49 PM EDT2014-09-02 16:49:14 GMT
    UPDATE (9:37 a.m.):  Nevada Highway Patrol now reports that both lanes are closed to clear the site of the collision.  They say both lanes should re-open at about 10 a.m. Tuesday.  More >>
    UPDATE (9:37 a.m.):  Nevada Highway Patrol now reports that both lanes are closed to clear the site of the collision.  They say both lanes should re-open at about 10 a.m. Tuesday.  More >>
  • Fatal Rollover on Highway 50

    Fatal Rollover on Highway 50

    Monday, September 1 2014 2:45 PM EDT2014-09-01 18:45:19 GMT
    82-year-old Dayton woman is dead after a vehicle rolled over on US 50 in Carson City.More >>
    82-year-old Dayton woman is dead after a vehicle rolled over on US 50 in Carson City.More >>
  • Desperado's BBQ Wins Best Ribs in the West

    Desperado's BBQ Wins Best Ribs in the West

    Monday, September 1 2014 8:47 PM EDT2014-09-02 00:47:37 GMT
    The winner of the 2014 Best in the West Nugget Rib Cook-Off in Sparks, Nevada went to Desperado's BBQ from Hinckley, Ohio.More >>
    The winner of the 2014 Best in the West Nugget Rib Cook-Off in Sparks, Nevada went to Desperado's BBQ from Hinckley, Ohio.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.