weather icon Overcast

Federal loans available for rural low-income homebuyers

The U.S. Department of Agriculture’s Rural Development still has about $2.8 million in Direct Home Loan funding available for rural low-income homebuyers, officials announced.

Those who are interested need to act quickly before the fiscal year ends.

“If you were wondering whether you can afford to buy a home, check with us and see if you qualify, it cannot hurt to check it out,” said Jeff Glass, the housing program director for USDA Rural Development in Nevada.

The Direct 502 Home Loan Program is available in all areas of the state except Carson City and metropolitan Clark and Washoe counties.

Applicants would work directly with a loan specialist at a regional office. The specialist would ask applicants to fill out a prequalification form. If eligible, the applicant would be provided with an eligibility certificate that prequalifies the applicant with a set loan amount and interest rate.

A prequalification is a two-page form available from the agency’s rural office staff in Elko, Fallon and Las Vegas. In central Nevada call Betty Percifield at 775-423-5124, extension, 100, and in southern Nevada, call Elias Askins at 702-407-1400, extension 113.

The USDA looks for an income that is below 80 percent of the median household income for the county where the homebuyer lives.

Dependable and steady income from employment, a pension or Social Security is required. Although USDA does not specifically review your credit score, poor credit will affect overall eligibility, officials said. As a result, applicants might need to pay off some debts to be eligible. The USDA will require you to take a homeownership education course.

For more information, visit www.rd.usda.gov/nv

Don't miss the big stories. Like us on Facebook.
RICHARD STEPHENS: Thoughts on Martin Luther King, Jr. Day

The celebration of Martin Luther King, Jr. Day calls up a wide range of memories for me, having lived through and seen many changes in our country and society as a result of the civil rights movement that Dr. King led and championed.

Let’s celebrate National Peanut Butter Day!

This Sunday is National Peanut Butter Day in the United States. Yes, there is a day devoted to this most humble of good-for-you foods.

Pfizer Oncology advocate to discuss “Living with Cancer”

Us TOO International is readying for a special Zoom conference meeting that will educate attendees on a health and wellness program entitled “This is Living with Cancer”.

Pahrump Valley Days celebration canceled

It was to be the first major, large-scale public event since the COVID-19 pandemic set in but with the virus continuing to rage across the nation, including right here in Nye County, the inaugural Pahrump Valley Days festival has been officially canceled.

Pahrump Soroptimist Mardi Gras event canceled

Like most, if not all organizations in town and beyond, the Soroptimist International of Pahrump Valley were forced to either cancel, suspend, or modify their regular activities due to the COVID-19 outbreak.

California man who died in Death Valley identified

The Inyo County Sheriff’s Office and officials from Death Valley National Park have released the name of a man who died while visiting the Saline Valley Warm Springs area of the park last month.

Beatty Fire and Ambulance seeks volunteers

Not even Beatty’s fantastic volunteers can be in two places at the same time, as was demonstrated Friday, Jan. 15 when both services were needed for separate emergencies.