Finance
What is the Nevada Housing Division and what programs does it offer?
AThe Nevada Real Estate Division's residential housing arm
BA state agency providing affordable housing programs, including down payment assistance, first-time homebuyer loans, and mortgage credit certificates for qualifying Nevada residents✓ Correct
CAn agency that manages public housing in Clark County
DA Nevada Division setting property tax rates for housing
Explanation
The Nevada Housing Division is a state agency that administers affordable housing programs including the Home is Possible program (down payment assistance), mortgage credit certificates, and other initiatives to help low- and moderate-income Nevada residents achieve homeownership.
Related Nevada Finance Questions
- What is 'loan-to-value ratio' (LTV) and why is it important in Nevada mortgage lending?
- What is the primary purpose of Nevada's anti-deficiency statute (NRS 40.455) in a residential foreclosure?
- What does the Truth in Lending Act (TILA) require Nevada lenders to disclose?
- What is 'debt-to-income ratio' (DTI) and how do lenders use it in Nevada?
- What is a 'conforming loan' versus a 'jumbo loan' in Nevada?
- What is the impact of Nevada's 'no state income tax' on real estate investment decisions?
- What is a purchase money mortgage (PMM) in Nevada?
- What is 'equity sharing' in Nevada real estate financing?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →