Understanding Down Payment Assistance: Insights on Launchpad 1.0 and Home at Last Programs with Kevin Hickey

Roland and Heidi discuss upcoming classes on down payment assistance and introduce Kevin Hickey from Nevada Rural Housing. Kevin explains the Launchpad 1.0 program, which offers 4% down payment assistance with a 6.17% interest rate and a five-year silent second. The program has $7 million remaining out of an initial $25 million. He also details the Home at Last program, which provides up to 4% assistance and is not limited by funding. Both programs have income limits and eligibility criteria. Additionally, Kevin mentions the Mortgage Credit Certificate program, which offers tax credits to help borrowers qualify for loans.