• (775) 783-0777
  • Email
  • Facebook
  • Google+
  • Pinterest
  • Twitter

Nevada First Time Home Buyer

Home Buying Tips & Loan Programs

  • Buyer Resources
    • Home Buyer Resources
    • Saving for a Down Payment
    • Mortgage Calculator
    • Home Buying Myths
    • Loan Pre-Approval
  • Federal Programs
    • FHA Loans
    • FHA 203K Loans
    • VA Loans
    • USDA Rural Development Program
    • American Indian Home Loan Guarantee
    • Federal Tax Credit
  • Local Programs
    • Mortgage Credit Certificate (MCC)
    • Home Is Possible (HIP)
    • – Active Military (HIP)
    • – Veterans (HIP)
    • – Teachers (HIP)
    • Home At Last
    • County Programs
    • City Programs
  • Search Homes
    • Down Payment Resource Center
    • Search All Listings
    • Search by Map
    • Featured Listings
    • Email Alerts
  • About
    • Contact Us
    • Blog
You are here: Home / Local Programs / Home Is Possible

Down Payment Assistance – State of Nevada

The Nevada Housing Division offers a down payment assistance program called Home is Possible (“HIP”). This program allows qualifying Nevada home buyers to receive up to 5% of the loan amount towards their down payment and closing costs. For example, with a $300,000 loan amount, this program would offer a grant of up to $15,000 to be used towards down payment and closing costs. This grant does not need to be repaid.

Benefits – Home Is Possible for Nevada Down Payment Assistance

  • HIP down payment assistance is available anywhere in the State of Nevada.
  • Receive up to 5% of the loan amount for down payment and/or closing costs.
  • Grant is non-repayable.
  • Competitive 30 year interest rates for conventional and government loan types (FHA, VA)
  • Down payment grants can be combined with Federal Income Tax Rebates through Mortgage Credit Certificate (MCC) Program.
  • Program is for anyone buying a home in Nevada that falls under the minimum program requirements below.

Requirements – Home Is Possible for Nevada Down Payment Assistance

  • You must occupy the purchased Nevada home as a primary residence.
  • Your income is below $95,500.
  • Desired homes purchase price is under $400,000. See Northern Nevada homes for sale that qualify for down payment assistance now.
  • Your credit score is a minimum of 640.
  • You meet the normal government or conventional requirements for underwriting.
  • Attend a required home buyer course.
  • Pay a one-time fee of $675.

Get Started! Complete the form below to see if you qualify for this program.


Additional State of Nevada Home Buyer Resources

Income Tax Credits
Military Programs
First Time Buyer Programs
Veterans Programs
Teacher Programs
Rural Programs

  • Find Out What Programs You Might Qualify For:

  • Your Credit and Income

  • Other Details

Search Local MLS Listings

$
$

Today's Mortgage Rates

Nevada Mortgage Rates
30 Year Fixedloading...
15 Year Fixedloading...
5/1 ARMloading...
View Trend

Calculate Mortgage Payments

www.mlcalc.com

Testimonials

This was the first time that my wife and I purchased some property. From the moment we met Mitch, he was there for us 110%. We highly recommend him to anyone buying or selling a home. There is no one better. "

~ Steve and Debbie G.

CalNeva Realty - First Time Home Buyer Programs

Equal Housing Opportunity - Realtor MLS

Office Locations

Reno/Sparks
83 Continental Drive
Reno, NV 89509
775-783-0777
Contact Us
Carson Valley
1621 US Highway 395N, #200
Minden, NV 89423
775-473-9531
Contact Us
Homes for Sale
Reno
Sparks
Fernley
Carson City
Dayton
Carson Valley (Minden/Gardnerville)

Mitch Argon

sitemap   •   admin   •   ©2023 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com
NV DRE # B.62137   •   CA BRE # 01941677