Nevada MBS Purchase Program DPA Grant
Nevada Housing Division offers MBS Purchase Program DPA Grant to home buyers in Nevada: up to 4% of the home loan, as a grant.
- Amount
- Up to 4% of the home loan
- Kind of help
- Grant
- First-time buyers only
- No
- Credit score
- 640 or higher
How is Nevada MBS Purchase Program DPA Grant paid back?
Grant: a true grant or gift that you never repay.
A grant is money you never pay back, as long as you keep to the program's rules.
Who qualifies for Nevada MBS Purchase Program DPA Grant?
- The borrower's qualifying income must be $95,500 or less.
- You don't have to be a first-time buyer.
- A credit score of 640 or higher.
- It comes with an FHA, VA, USDA-RD or Conventional HFA Preferred loan through the Division's MBS Purchase Program.
- Price limit: $400,000.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for Nevada MBS Purchase Program DPA Grant
- Nevada Housing Division pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Nevada Housing Division's page for MBS Purchase Program DPA Grant, or pick a lender from the agency's list of participating lenders.
Ask a lender about Nevada MBS Purchase Program DPA Grant
Tell us where you're buying and a lender that works with Nevada's programs can tell you whether Nevada MBS Purchase Program DPA Grant fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Nevada
- Nevada Home Is Possible: up to 5% of the home loan, grant.
All Nevada first-time home buyer programs · Down payment assistance in every state