Nevada Home Is Possible

How do you repay Nevada Home Is Possible?

You never repay it, since it's a grant.

Grant money doesn't get repaid, provided you stick to the program's rules.

Nevada Home Is Possible: who qualifies?

• For the loan, your qualifying income must be under $95,500.
• Being a first-time buyer isn't required.
• Credit score: at least 640.
• You'll take a homebuyer education course before buying.
• You get it together with a 30-year loan, offered at the program's attractive rate by an approved lender.
• The price is capped at $400,000.

Your county and household size set most limits. Use our HUD income limits tool to see the median income for your area and where your household falls.

Applying for Nevada Home Is Possible

1. Apply for this help and your home loan together through one approved lender; Nevada Housing Division pays the help out that way.
2. Your lender reviews your income, credit and the home under the program's rules, then reserves the money on your behalf.
3. At closing, the money goes toward your down payment and your closing costs.

For the full rules and to see if applications are open, use Nevada Housing Division's page for Home Is Possible; you can also use the agency's participating lender list to pick a lender.

More programs in Nevada for first-time buyers

• Nevada MBS Purchase Program DPA Grant:

  A grant of up to 4% of the home loan.

All first-time home buyer programs in Nevada · Down payment help for every state