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You are here: Home / Local Programs / City Programs / City of Reno Programs / Military Home Buyer Programs (Reno)

City of Reno – Military Home Buyer Programs

The Nevada Housing Division in the City of Reno offers the Home is Possible for Heroes Program (HIP-P) for active military (Army, Navy, Air Force, Marines, National Guard, Coast Guard) personnel to help those who serve our country to receive down payment help on a home purchase. This program allows qualifying military service members who live in the City of Reno and the entire state to receive up to a 5% grant towards a home down payment and/or closing cost expenses. This grant does not require repayment!

Benefits – City of Reno Military Housing Down Payment Assistance

  • Program available to all City of Reno residents and also available to residents throughout the state of Nevada.
  • Low monthly mortgage rate due to below market fixed interest rate for 30-year loan.
  • Program available statewide.
  • Can combine with Mortgage Credit Certificate (MCC).
  • Program fees waived.
  • No requirement to be a first time home buyer.

Requirements – City of Reno Military Housing Down Payment Assistance

  • You must be active military personnel, a veteran, surviving spouse, or National Guard member.
  • Your income is not more than $95,500.
  • Your credit score is a minimum of 640.
  • Desired homes purchase price is under $400,000. View all City Of Reno qualifying home listings for down payment assistance.
  • You must occupy home purchased in Reno home as a primary residence.
  • Only Government issued loans – no conventional loans.
  • You meet the minimum requirements for underwriting.
  • Attend a required home buyer course.
  • Pay a one-time fee of $675.
  • As of February 1, 2016, manufactured housing loans will be available for government loans.

City of Reno Home Buyer Programs

First Time Home Buyer
Teacher Programs
Military Programs
Income Tax Credits
Veteran Programs

  • Find Out What Programs You Might Qualify For:

  • Your Credit and Income

  • Other Details

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