Nevada MBS Purchase Program DPA Grant

How is Nevada MBS Purchase Program DPA Grant paid back?

It's a true grant or gift, money you never have to pay back.

This is money you never have to repay, provided you follow the program's rules.

Who qualifies for Nevada MBS Purchase Program DPA Grant?

• Your qualifying income must come to $95,500 or less.
• Being a first-time buyer isn't required.
• Your credit score needs to be at least 640.
• The Division's MBS Purchase Program pairs this with an FHA, VA, USDA-RD loan or a Conventional HFA Preferred one.
• $400,000 is the price limit.

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

How to apply for Nevada MBS Purchase Program DPA Grant

1. This help is paid out by Nevada Housing Division through its approved lenders, so you'll apply with one of them along with your home loan.
2. The lender reviews your income and credit, plus the home, against the program's rules, then reserves the money for you.
3. At closing, the money goes toward your down payment and closing costs.

For complete rules and current application status, see Nevada Housing Division's page for MBS Purchase Program DPA Grant; you can also choose a lender from the agency's participating lender list.

More first-time buyer programs in Nevada

• Nevada Home Is Possible:

  A grant of up to 5% of the home loan.

Every Nevada first-time buyer program · Down payment help for every state