Hardest Hit Fund Programs
Help for Struggling Nevada Homeowners!
The Nevada Affordable Housing Assistance Corporation, a nonprofit organization and administrator of the U.S. Treasury sponsored Nevada Hardest Hit Fund, is pleased to announce three new programs to assist struggling Nevada homeowners.
- For borrowers who have suffered an eligible financial hardship and owe more than their home is worth.
- Financial assistance up to $50,000 to help pay down the principal balance of a mortgage loan and allow for a more affordable monthly payment.
Second Mortgage Reduction
- For borrowers with an eligible financial hardship who have a second mortgage lien and, when combined with their primary mortgage, owe more than their home is worth.
- Financial assistance up to $50,000 to reduce or eliminate the principal balance of a second mortgage to achieve an affordable monthly mortgage payment.
- For borrowers who were unemployed and are now employed or underemployed and whose primary mortgage is delinquent.
- Reinstatement assistance up to $35,000 to bring the borrower's primary mortgage current.
General Eligibility Criteria
Please note: Other specific eligibility criteria and conditions apply. Detailed term sheets are located on the NAHAC website.
- Borrowers must be legal U.S. residents or lawful permanent U.S. residents, and Nevada residents.
- Borrowers must have an eligible financial hardship as determined by program criteria and underwriting guidelines.
- Applicants must own and occupy the home, located in Nevada, and it must be their primary address.
- Property cannot be listed for sale, abandoned, vacant or condemned.
How to Apply
These programs can provide significant financial help for Nevadans. It only takes a few minutes to find out pre-eligibility for one or more programs. Call (855) 428-4357 or go to www.nahac.org to take the Program Qualification Self-Assessment today!