Rural Nevada Development Corporation

What their website says about applying

• Download full application here source
• Applicants acknowledge the approval of the DPA program is contingent upon the applicant applying and receiving pre-approval from a financial lending institution mortgage loan. source
• We require applicants to complete an online, HUD Approved, Home Buyer’s Education Course. source
• Applicants must be approved for a mortgage loan and provide a copy of the Certificate of Eligibility in order to be approved with our program. source

Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.

As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.

• Low or damaged credit considered we do not have a minimum score requirement source
• Collateral flexible or not always required Flexibility in collateral requirements. source
• First-time homebuyer program assist low income, first time home buyers with the purchase of residential properties source
• Income limit applies Please contact our Housing Staff to find out the income limit for your county and household size. source
• Homebuyer education required We require applicants to complete an online, HUD Approved, Home Buyer’s Education Course. source

Only rules the lender's own pages state. Other requirements may apply.

Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Down payment assistance is a deferred loan that has no matching product category, and the rehabilitation program is called a grant on one page. Terms change — confirm with the lender before applying.

Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.

1. How long can I take to repay?
   No repayment terms are stated on their website.
2. Can I apply online, or do I need to call or visit?
   We found no online application on their website.
3. Do you offer free coaching or help preparing my application?
   CDFI certification requires development services, such as training or advice, alongside lending.
4. What documents will you need from me, and how long does a decision usually take?
   Their website describes some application steps (above); ask for the full document list.

Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.

End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending June 2024 (tax year 2023; EIN 88-0280033, filed as “RURAL NEVADA DEVELOPMENT CORPORATION”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer

Filings over time

Total assets grew 28% from Jun 2022 to Jun 2024; notes and loans receivable rose 41%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).

For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME.

The SBA's public loan data lists 3 SBA-backed approvals for Rural Nevada Development Corporation in fiscal years 2020–2026 (October 2019 to September 2026):

• 3 504 projects as the third-party (first-lien) lender: $909,321 in total (its own third-party loan amount), median $279,321

By fiscal year: FY2020 1 · FY2021 0 · FY2022 1 · FY2023 1 · FY2024 0 · FY2025 0 · FY2026 0.

How this lender was matched in the SBA files: 504 third-party lender name: same name, state and city (SBA lists “Rural Nevada Development Corporation”).

Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Rural Nevada Development Corporation may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files. For 504 projects, the CDC amount is the SBA-backed portion and the third-party lender amount is that lender's own first-lien loan.

Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.

Other certified CDFIs in Ely and Nevada

• Access Community CapitalLoan fund · Las Vegas, NVChild-care facility financing, Microloans, Small-business loansVerified

All 2 CDFIs in Nevada