Buying 10 Cottage Ct with Zero Down & 4% Grant

10 cottage virtual tour

Is the lack of money for a down payment and closing costs preventing you from owning your own home?

Did you know there are down payment assistance and zero-down mortgage programs available to purchase of 10 Cottage Court in Dayton? Listed byRegina Lockwood, Ferrari-Lund Real Estate; 10 Cottage Court is a former builder’s model located in Blue Stone Estates in Dayton, NV.

Located on one of the best lots in the area, 10 Cottage Court is a “turn key” 1907 sq. ft.  3-bedroom, 2-bath single-story home with all of the features you’ve been looking for. You will fall in love with the kitchen with its granite slab counter tops and stainless steel appliances. Included are a gas range and oven, refrigerator, built-in dishwasher, built-in microwave and garbage disposal. There is plenty of counter space including a breakfast bar and a convenient pantry.

The master suite features high ceilings, a large walk–in closet, plus master bath with garden tub, ceramic tile counter top and double sinks. 10 Cottage Ct has an open an appealing floor plan with separate formal living and dining rooms. Professionally decorated, 10 Cottage Court has many special custom features including wood beam ceiling,  chair moldings, and a gas log fireplace. The gas forced air heat and central air conditioning will keep you comfortable throughout the year.  The separate laundry room has a sink with a granite slab top and plenty of cabinets.

Relax and barbecue on the beautiful paver patio. The low maintenance yard is equipped with automatic sprinklers and drip system. There is plenty of storage between the 3-car garage and the separate workshop storage shed. For additional information or to schedule a tour of 10 Cottage Court, call Regina Lockwood, Ferrari-Lund Real Estate @ 775-843-5133. Priced at only $229,500 10 Cottage Court is a must see.

Home at Last! Academy Mortgage in Reno has teamed with the Rural Nevada Housing Authority to provide 4% Non-Repayable Down Payment Assistance Grants to qualified buyers.  If your qualifying income is less than $95,500 a year, you may qualify for the Rural Nevada Housing Authority “Home at Last” program providing a non-repayable grant equal to 4% of your loan amount.

The program requires a 640 decision credit score for USDA Rural, FHA and VA programs. The 4% grant can be applied to your down payment and closing costs. Both USDA and VA programs offer 100% financing to qualified buyers.

First time buyers can combine the “Home at Last” 4% Non-repayable grant with the Nevada Housing Mortgage Credit Certificate (MCC) program. The MCC program helps first time buyers lower their monthly payment with a federal tax credit equal to the lower of $2,000 a year or 40% or the interest paid. The cost of the MCC program is 1% of the loan amount plus a $175 processing fee. Based on 100% USDA or VA financing, the  value or the MCC program is more than $50,000 over 30-years.

10 cottage ct RvO

The above “Rent vs. Own” analysis compares owning 10 Cottage Ct. with renting a similar home for $1,300 a month with purchasing with the “Home at Last” Program. Some of the benefits of owning your own home include building equity, mortgage interest tax deduction, and stable payments. Renting a similar home will cost you over $81,000 over the first 5 years. In the same time period, you will build over $20,000 in equity owning this home based solely on principle reduction. After subtracting your equity and tax benefit, owning this home will save you hundreds of dollars a month. With “Home is Possible,” you can own this home with little to no money out of pocket.

To learn more about this beautiful home, call Regina Lockwood @ 775-843-5133 or email . For additional information about the “Home is Possible” and MCC programs, call Doug Kaller, Academy Mortgage @ 775-828-7006 or email To find out what you qualify for, please click on the orange “Pre-Qualify Now” tab at the bottom of this page. Don’t let the lack of a down payment prevent you from realizing the dream of owning your own home.

Doug Kaller

Loan Officer

Academy Mortgage

5250 South Virginia Suite 240

Reno, NV 89502

( D: (775) 828-7006 | C: (775) 250-4421

( F: (888) 449-7473 | O: (775) 825-4545

LO NMLS #312085 | State Lic #NV Lic#10361 | Corp Lic #2731 | Corp NMLS #3113