Secret Pathways Save Big for Las Vegas Home Buyers
Utilizing First-Time Homebuyer Programs
Las Vegas offers several first-time homebuyer programs that can significantly reduce your financial burden. Programs such as the Home Is Possible initiative provide down payment assistance, making homeownership more accessible for those who qualify3. These programs often come with favorable interest rates and terms, ensuring long-term savings on your mortgage.
Negotiating Closing Costs
Closing costs can add up to 2-5% of the home’s purchase price, but many buyers overlook the potential for negotiation. By working with an experienced real estate agent, you can negotiate with sellers to cover some or all of these costs. Alternatively, some lenders offer credits towards closing costs as part of their loan packages, which can also be a valuable saving opportunity4.