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Mortgage Matters is your go-to show for all things home financing. Join Roland and Heidi as they break down the ins and outs of the mortgage world. From first-time homebuyers to seasoned investors, we’re here to guide you with expert insights, real talk, and the latest market trends. Whether you're looking to buy smart or refinance right, Mortgage Matters is your trusted source for smarter decisions and financial freedom. Tune in and take control of your home financing journey.
Wesley Knight 0:00
This is a KU NV studios original program. The content of this program does not reflect the views or opinions of 91.5 jazz and more the University of Nevada, Las Vegas, or the Board of Regents of the Nevada System of Higher Education. Nova.
Roland Daniels 0:43
Good morning Las Vegas. Welcome to mortgage matters. I'm Roland Daniels, a certified mortgage advisor with Geneva financial. My NMLS number is 355859, our company, NMLS number is 42056, and I'm here this morning, as always, with my fantastic co host, Heidi Griffith, good morning. Heidi, well, good
Heidi Griffith 1:08
morning. Welcome back to the studio. We missed you last week. Well, thank you. I missed you as well. Well, I'm glad that you're here. I think it's going to be a great show. I agree with you, yeah, and it's almost Thanksgiving.
Roland Daniels 1:20
Can you believe that? How about that? Isn't like, only like, four more
Heidi Griffith 1:23
days, it is Thursday. It's amazing, isn't it unbelievable? Good morning everyone. I'm Heidi Griffith. I'm also a mortgage advisor and your Director of Client Services. My NMLS number is 2247754, before we get started today, let's give a major shout out to the man behind the scenes. Wes our audio production manager. He really is incredible at what he does, isn't he? He is. He keeps everything running really smooth, and he's just an all around awesome human, absolutely, yeah. So thank you. Wes we
Roland Daniels 1:55
appreciate. We really do. Thank you. We do. We've got an important show lined up today, don't we? Yeah, we do regarding community fair housing and some really strong opportunities for Nevada buyers. Yeah, yeah. There's some great stuff going on right now. There is, if you have any questions about anything that we cover today, or if you would like to register for our next path to home ownership workshop with CPLC, you can call or text us at 702-210-2057 that's 702-210-2057 you can also head over to our Facebook page Mortgage matters radio to find out about any of our upcoming events and any links to register.
Heidi Griffith 2:46
Yep, yep, we have all of the links there. So, so our next path to home ownership workshop, that's the workshop that we do monthly, right? It is that's going to be Saturday, December 6. Yep, that workshop is from 830 in the morning until about three. We try and get you out a little bit. It just really, we talk about it a lot, but we do. It's one of those workshops that if you're thinking about buying a home, or if you have questions, or any of that, this workshop covers everything. I would say that it's probably one of the best in the state. You know, there's so many home buyer workshops out there that are 30 minutes to an hour and a half long. This one, it encompasses everything. This isn't just about how you go find a house and, you know, start your mortgage process. This is, you know, they talk about budgeting and budgeting up to purchasing and how you budget to purchase. They talk about credit, not just fixing credit, but how to maintain credit, and how to, you know, carry balances and what, what the best path to building credit is. They talk about things that you wouldn't even think of when you start thinking about buying a home, homeowner's insurance, right home warranties and what they entail, versus just get a home warranty or you need homeowners insurance. What is homeowners insurance? Why do we have homeowners insurance? What is a cover? All of that wonderful stuff? You teach the mortgage portion of that class, that's an hour portion that it's not just send in this paperwork, and we'll see if you're approved. You talk about all of the steps it takes you go over the 20 plus different down payment assistance programs we offer to become informed when you're thinking about, hey, I'm thinking about purchasing possibly the biggest investment I'll make in my lifetime,
Roland Daniels 4:36
right? And we are partnering with a HUD certified counseling agency, one of five agencies in the state of Nevada that offers these types of workshops
Heidi Griffith 4:49
and services. Yes, and they also, outside of the the workshop that we do, they offer so many phenomenal services. You know. They offer rent relief. I mean, there's a lot of stuff that they do behind the scenes, outside of just home ownership. They do a lot of great things with home ownership. That's actually they're actually a wish provider, and wish is one of those programs that allows them to do a four to one match, yes, with funds for
Roland Daniels 5:23
closing, and we can also layer it with other down payment assistance programs as
Heidi Griffith 5:27
well. Yeah, I think once we start talking about the Nevada housing programs, because we've got some new news with programs that they're offering. If you've tuned in within the past month, you may have caught Josie Haddam, she was with the Nevada housing division. She was here just, you know, three or four weeks ago, right? And we were talking about the programs they offer, and a new program that was coming out. Well, we have all of the details on that program, and that program is actually going to roll out December 1, so we'll be talking about that today. But when we're talking about the wish program that's with CPLC, it is. And what that is is that's a four to one match program. And the way that that looks right is that you have how much in the bank
Roland Daniels 6:11
Roland, let's say in this example, I have $7,000 in the bank. You got 7000 saved? Yep. And they'll multiply that by four, right? Which is 28,000 right, plus your own seven. Now you're at $35,000
Heidi Griffith 6:27
and that can go up to 40, yes, that can go up to 40,000 you can. And it can be layered with other programs. It can. So you can get that in addition to maybe another program
Roland Daniels 6:38
right, such as programs with the Nevada housing division, Nevada Rural Housing, it all depends.
Heidi Griffith 6:44
Yeah, and we've got some national stuff that it can work with as well. We do
Roland Daniels 6:47
because they're willing to take what's called third position and with the wish funds. Funding has ended for 2025 but we start again in April of 2026, of 2026 so yeah. So yeah. So it's still time to attend the workshop.
Heidi Griffith 7:03
Yeah. So, and that's all done by CPLC. Like they said, they are certified HUD counselors, and they do a lot of great things with credit counseling as
Roland Daniels 7:13
well. They do we send all of our clients there, 100% 100%
Heidi Griffith 7:16
it's a free service. The only thing that you would pay for, if you pay for anything, is for a soft credit pool. So they have your credit report, which is their cost, that's it, and they'll, they'll walk you through it, and they'll set up a plan with you if you need a little bit of credit help. And you know what? We've all been there, right? It's just one of those things. So yeah, before we get into all that other stuff, I want to take just a few minutes to talk about the Ruby Thomas elementary school holiday toy drive. Let's do it. Yeah, so I've been talking about it for a few weeks now, right? We've started the wheels moving. We've had some phenomenal support from the community. We have and I think every one of you up to this point, we still have a lot left to achieve. Ruby s Thomas actually has 683 kids, so almost 700 children, and every kid is on free breakfast and free lunch if they have the need for free dinner that can be accommodated. Far too many, far too many of the kids are unhoused. They are living in weeklies. They are doubled up with friends and family. Unfortunate situation in shelters, yeah, stuff that you know kids shouldn't have to face, and so it's a lot. And I want to make sure that these kids have a bright holiday. I agree. You know, my my initial goal was one toy per child, and that was a big goal
Roland Daniels 8:50
for me. Now,
Heidi Griffith 8:53
my goal is actually two toys. We don't have one toy per child yet, but I have faith that we are on. We're putting it out in the universe. That's absolutely correct. If you have any questions about the toy drive, or maybe you're interested in donating this holiday season, you can either call or text us where it's 702-210-2057, again, that number is 702-210-2057 we'll be able to give you our drop off locations. I can send over the link to the Amazon wishlist where you can purchase on Amazon, and everything that's purchased will be delivered to the kids of Ruby s Thomas. You can also find more information in the link to that Amazon wish list on our Facebook page, like Roland said earlier, you can just go on Facebook, search, mortgage matters, radio, right and again. Thank you for everyone who stepped up to help make this holiday season brighter for these kids.
Roland Daniels 9:48
I agree, the greatest gift you can give is a reason for a child to smile. It's true, right?
Heidi Griffith 9:56
I love that. I love that. So let's talk about. We said Nevada housing division has a brand new program. They do it just all of the details just rolled out this week.
Roland Daniels 10:08
We attended a training just last
Heidi Griffith 10:10
week, yep, and it we knew it was going to be good. We had talked with Nevada housing division on, you know, many instances about what this program could look like, right? They didn't have all of the details at the time. It wasn't finalized yet, right? And here we are. It's finalized. It's going to roll out December 1. There are 900 families that this program can help. So there's going to be 900 people or families that will be able to utilize these funds, and then it will be over, then the funds will be gone, yes.
Roland Daniels 10:44
So we have $18 million to utilize and and then it's $20,000 per family. So the first 900 families, first come, first serve,
Heidi Griffith 10:58
yeah, so there's going to be those 900 loans, right? Yep. And the way that this works with Nevada housing is Nevada housing has several programs. They've had several programs. We talk to people about this all the time. People will call and be like, Hey, we heard that. There's no assistance programs available. They don't do down payment assistance, right? We hear it all the time is untrue. Nevada housing has several programs. This is just in addition to those programs, the state received $18 million to fund this. For this program, to fund this so it gives you options, and that's one of the bigger things that I think, that we really talk about when we sit down with folks, is giving people the ability to have options and making the best decision for them and their family, right, right? So this program is considered a worker Advantage program. It is. So there are some caveats to who can utilize the program, who can't use the program. However, it is a broad range of people that are able to use this we get asked a lot, you know, do you have anything specifically for medical or for police and fire, you know, that kind of stuff. This program covers so many categories. So not only does it cover teachers, although Nevada housing division actually has a teacher program specifically for K through 12 public school teachers in the state of Nevada, but they can utilize this as well. But not only does it cover teachers, and now you don't have to be a public school teacher, right? You could be a private school teacher. You can be it also covers the administration and faculty at the school, right,
Roland Daniels 12:39
such as counselors, librarians, instructional coordinators, yep, teacher aides, custodians, janitors and even school bus drivers, yeah. I mean, they're all eligible. And
Heidi Griffith 12:54
then we've got corrections we do we've got it's eligible. So if you're a corrections officer, and
Roland Daniels 13:02
it just falls under the category of public safety,
Heidi Griffith 13:05
right? Public Safety, so EMTs, yes, in medical, you could be a doctor. You could be an RN, you could be a medical. Biller. It's a really broad list, it is. And the best, the best piece of advice that I got from the Nevada housing division is that they're willing to take a look on a case by case basis at your position. So if you're in a position that ties in and you're not specifically on the list, we can send that in, and then they'll make a deter, and then they'll make a determination based on that, yes, if it'll work, yes.
Roland Daniels 13:48
And the two pieces are two pieces of identification, they'll want a copy of your driver's license,
Heidi Griffith 13:55
because you've got to be a Nevada resident for six months, right? Yes. And then
Roland Daniels 13:59
they're using, or utilizing what's called a verification of employment. So the employer maybe will write down your job
Heidi Griffith 14:06
title, and we do that. I mean, that's pretty common in the mortgage industry,
Roland Daniels 14:10
yes. So even if your profession doesn't fit the box that you see, there's always a possibility. And it doesn't hurt to
Heidi Griffith 14:19
ask, no, absolutely not. Because remember, this is $20,000 torture down payment and or closing cost if you're working with seller credits, which we talk about a lot, because we're seeing folks get into home with very little out of pocket, right? We are because of utilizing programs like the Nevada housing division programs, and coupling that with seller credits is that you could actually then potentially use whatever money's left over towards your principal reduction, then you're walking into the home with built in
Roland Daniels 14:53
equity. And we almost forgot about the construction trade industry,
Heidi Griffith 14:57
and that's covering anywhere from you know, a. General Contractor, carpenters to yeah, all the way, you know, all the way through the whole list,
Roland Daniels 15:06
roofers, painters, glazers, iron workers, heavy equipment operators. You're all
Heidi Griffith 15:13
laborers too. Yeah, if it doesn't work in these categories, there's several other programs. So Nevada housing has the, the first time homebuyer program they do that offers two or 4% down payment help with really competitive interest rates on that those are reduced interest rates. And it's for first time home buyer that's first and a first time home buyer is if you haven't bought or owned a home in the last three years that's been on title that's considered a first time home buyer. So, yeah. So it doesn't mean you've never owned a home before, just means you haven't owned it in the last three years, right? That is correct. Yeah. And then they've got, they have a program that if you own a home in a different state, if you own one home in a different state, you can actually utilize our program here. Yep, you sure can. And let's, let's go back to that, that it's called the worker Advantage program. It is Nevada. Rural has housing is getting ready to roll out something extremely similar, yes, right? And they're calling it the rural rocks, $20,000 same kind of setup. They don't have as many families to help, right? I believe 200 they've got 200 families that they'll be able to help, and it's the same thing. So you still get the $20,000 you do, you have the opportunity if you choose to buy down your interest rate. You do, and you can couple it. The great thing with Nevada Rural Housing is you can actually couple that with the mortgage credit certificate,
Roland Daniels 16:41
right, which is called the MCC Right? And how that works is, for instance, let's see your loan amount is at 345,000 right? Maybe your interest rate is around seven Well, for the first year in tax savings, and it's dollar for dollar is about $4,800 that you can save. So let's say that maybe you have a tax liability of 4000 Well, the IRS 4000 bucks, right? So you can offset that with the mortgage credit certificate, right?
Heidi Griffith 17:13
That, which is awesome, you don't have to pay that. So whatever you've got on there, you don't actually have to pay that. This isn't a, you know, a pretend thing, we can actually use that mortgage credit certificate to qualify you for a little bit more. We can, if we're on the line right. And
Roland Daniels 17:32
just think, over five years, it will save you about $23,494 in that example, and it's for the life of the loan all 30 years. So in the example, it can save you up to 96,260
Heidi Griffith 17:48
$1,000 there are great programs out there to help people towards their dreams of home ownership. There are, you know, there's a lot of people who sit back and go, Hey, you know, maybe home ownership just is never in the cards. For me, we've talked to a lot of people that felt that way. We've had homeowners that purchased for the first time well into their 70s. We have if you want to become a homeowner, I would recommend looking at all of your options and seeing what's possible.
Roland Daniels 18:25
I agree this is definitely an opportunity, and you definitely have options. So remember, money is available. Oh, absolutely, programs are available. If you've been told, are you being told that they are no longer available? That is not true.
Heidi Griffith 18:44
Yeah. So we just, we actually had a class with the Nevada housing division. That's our online class that we do monthly. We had 50 people sign up for that class. We had 50 people that's, that's a full registration, 50 people signing up for an online class. There was actually a gal in the class that had mentioned that she was told, prior to coming on that there was nothing available for her, and several of the programs will work very well for her. So it's about getting information and getting the correct information. It is, it is crucial, because we offer almost 20 different
Roland Daniels 19:24
we think now we've exceeded 20 programs.
Heidi Griffith 19:28
Now that, now that this essential workers, this essential advantage workers, program rocks, 20 thin rural rocks, so and again. Let's talk about, you know, rural housing. Because I know that'll, you know, when you think about rural sometimes it doesn't hit home. Seem like it would be in the Las Vegas Valley, right? But there are pockets. I'm actually working with someone right now who's looking she's just south of Sahara to the east. Yeah, of Las Vegas Boulevard. Okay, so that's Winchester,
Roland Daniels 20:03
okay, and what location or zip code is Winchester?
Heidi Griffith 20:06
The Winchester is, I believe, 891098912189169, okay, okay. So you, you know, if you're looking at it on a map, it's pretty much Las Vegas Boulevard east to like Boulder Sahara, to separate our desert into Sahara. But these programs work for her. She was astonished when we had the conversation that we could use rural housing in that area. And again, it's all about options. We're taking a look at the Nevada housing programs in that area, and we're taking a look at the Nevada Rural to see what fits best for her. But the great thing about that is she's able to then utilize the mortgage credit certificate. Right with Nevada Rural Housing right here in the city, right? But that's not the only areas that we can do Nevada Rural Housing in the valley, is it?
Roland Daniels 20:55
No? What about Summerland? South 913589135,
Heidi Griffith 20:59
so Kevin from Nevada, rural housing, Kevin Hickey tells it so eloquently when he's on the show, because it's, it's not about zip codes, right? It's about census tracks. And right now where we sit, because they, they only redo the tracks every 10 years, right? So right now where we're sitting, Summerland, South is considered rural. They actually have rural mailman. So if you're ever in the area, you see the mailman and you wonder why he isn't in a mail truck, maybe he's in, you know, he's in a van, or something a little bit more casual, those are usually rural carriers, right? So, yeah, you can utilize Nevada Rural Housing in Summerland south, you can utilize it in Whitney, you sure can Whitney, 89122, so there are options here in town now, obviously, pretty much the remainder of the state. Some spots in Reno, you can't utilize it, but Pahrump, Indian Springs, mesquite Laughlin, those are all considered all eligible areas, and all eligible the Nevada housing programs are eligible anywhere in the state of Nevada, right
Roland Daniels 22:07
and with Nevada housing, just remember, you can only use it ONE time. That's right with the Nevada housing division.
Heidi Griffith 22:14
How much can you use it with Nevada Rural Housing over and over, limitless. So if you used assistance with Nevada Rural Housing, and then you sold your home, moved away, came back. You don't even have to move away. You just sold your home, and you gonna buy a new home. You can actually use the program again. You can with Nevada housing
Roland Daniels 22:36
one time, one time. So the options are out
Heidi Griffith 22:40
there, yeah, and that's the thing, right? That's your that it's all about having options, options and opportunities. So if you'd like a list of what the essential worker categories are, please feel free to reach out. You can give us a call. You can text us. We're at 702-210-2057, again, that number is 702-210-2057, before we close the show today. You know, I'm going to touch on it. It's so important, as we always do, we want to take a moment to talk about something that really impacts every renter, every buyer, every homeowner and every family trying to build stability, and that is fair housing. Roland and I are both on the board of the trustees for the Silver State Fair Housing you're actually the vice president. I am that's with the Silver State Fair Housing Council, and the work they do is truly foundational for our community, right? It is. Fair Housing means that every person has the right to choose where they live without being treated differently because of who they are. It protects people from discrimination based on race, based on color, religion, national origin, sex, disability, or whether or not they have children. Those protections are in place because for decades, discrimination in housing wasn't just common, it was legal, and many of us don't know the history behind it, but before the Fair Housing Act, families were openly denied housing because of the race and background. Banks wouldn't lend in certain neighborhoods. Agents would steer people away from certain communities. Entire areas were locked behind covenants. It kept generations of families from building wealth, not because of creditor income, but because of bias, and even with the law being in existence, we all know that discrimination didn't magically just disappear. It became more subtle. People might be told the unit is no longer available, or they might never be shown a certain neighborhood, or they're given maybe different information about someone than someone else with different qualifications, right? That's where one of the strongest tools is, and that's the Silver State Fair Housing Council, because they have a fair housing Tester program, Silver State Fair Housing Council is not the policing body. They're not who you filed the complaint with. They're your resource for. Help in filing or understanding what your rights are. A tester is trained individual who pretends to be a renter or a home buyer, right, and they document how they were treated. They follow a script, they ask standard questions, and they simply report on the facts. Their purpose is to compare whether two people with the same profile are given the same access. If you have any questions about the tester program, please feel free to reach out. We're at 702-210-2057, and before we go, I want to circle back to the Ruby Thomas Holiday Toy Drive. It really is a community effort, and every single donation goes straight to the kids of Ruby Thomas elementary school. If you'd like to donate a new unwrapped toy, you can shop directly on Amazon's wish list or simply help us spread the word. You can also find all the details, including drop off locations and the link to that Amazon wish list. On our Facebook page, you can just search mortgage matters.
Roland Daniels 26:03
Radio every week. We hope these conversations give you clarity, hope and confidence, whether you're renting, thinking about buying, or already a homeowner and possibly looking at refinancing. We are always here ready to help. If you have any thoughts or questions about anything that we've talked about today, or if you have an idea for a future topic, please feel free to reach out. Our number again is 702-210-2057 that's 702-210-2057 we'll be back next Sunday morning at 7:30am right here on KU NB, 91.5 until then, believe in what's possible, even if you've been told that it's out of reach. And remember, stay true to yourself and your mind. Happy Thanksgiving. Happy Thanksgiving. Bye. You.
Transcribed by https://otter.ai