Nevada Down Payment Assistance
Access up to $15,000 through Nevada Housing Division programs with forgivable assistance options
Up to $15,000
Home First program offers $15,000 forgivable after 3 years
0% Interest
Interest-free loans with no monthly payments
Rural Options
Nevada Rural Housing offers 30-year forgivable loans
Nevada Housing Division Programs
Nevada homebuyers have access to multiple down payment assistance programs through the **Nevada Housing Division (NHD)** and **Nevada Rural Housing (NRH)**, offering both urban and rural options.
The **Home Is Possible (HIP)** program from Nevada Housing Division provides up to **4% of your loan amount** toward down payment and closing costs through an **interest-free loan**. This program makes homeownership accessible for first-time buyers throughout Nevada.
Program Features
Up to 4% Assistance
Based on your loan amount for down payment and closing costs
0% Interest Rate
Interest-free loan with no interest charges
Deferred Payment
No monthly payments; repaid when you sell, refinance, or pay off your mortgage
Statewide Availability
Available throughout Nevada for eligible first-time buyers
Eligibility Requirements
- •First-time homebuyer – Haven't owned a home in the past 3 years
- •Minimum 640 credit score – Required for program qualification
- •Primary residence – Must be your main home, not investment property
- •Meet lender requirements – Must qualify for the underlying mortgage
The **Home First** program is Nevada's premier first-time homebuyer assistance, offering **$15,000 in down payment assistance** that is **forgivable after 3 years** if you remain in the home. This program combines generous assistance with flexible home price limits and competitive 30-year fixed-rate mortgages.
Program Features
$15,000 Assistance
Fixed amount for down payment and closing costs
Forgivable After 3 Years
Entire amount forgiven if you stay in the home for 3 years
30-Year Fixed Rate
Competitive fixed-rate mortgage with predictable payments
Liberal Home Price Limits
Flexible limits accommodate Nevada's housing market
Forgiveness Structure:
If you sell, refinance, or move out before 3 years, you must repay the $15,000. After 3 years of continuous occupancy as your primary residence, the entire amount is forgiven—you owe nothing.
Eligibility Requirements
- •First-time homebuyer – Haven't owned a home in the past 3 years
- •Nevada resident – Must have lived in Nevada for at least 6 months
- •Minimum 640 credit score – Required for program qualification
- •Homebuyer education – Complete approved homebuyer education course
- •Income limits – Household income must fall within program limits
**Nevada Rural Housing's Home At Last DPA** helps low- to moderate-income borrowers purchase homes in rural Nevada areas. This program provides a **second mortgage with no interest and no payments for 30 years**, making it one of the most generous rural homebuyer programs in the state.
Program Features
Second Mortgage Assistance
Down payment assistance provided as a second mortgage
0% Interest, No Payments
No interest charges and no monthly payments for 30 years
Forgiven After 30 Years
Entire loan forgiven at end of 30-year term if you stay in the home
Rural Areas
Available for eligible rural Nevada properties
Early Repayment: If you sell, refinance, or prepay the first mortgage before the 30-year term ends, the second mortgage is also forgiven. This unique feature means you're never penalized for paying off your home early.
Who Qualifies?
- •Low to moderate income – Income must fall within program limits
- •Rural Nevada property – Home must be in eligible rural area
- •Primary residence – Must be your main home
- •Meet lender requirements – Must qualify for underlying mortgage
| Feature | Home Is Possible | Home First | Home At Last |
|---|---|---|---|
| Maximum Amount | Up to 4% of loan | $15,000 fixed | Varies by need |
| Forgiveness Period | Not forgivable | 3 years | 30 years |
| Monthly Payments | None | None | None |
| Interest Rate | 0% | N/A (forgivable) | 0% |
| Geographic Area | Statewide | Statewide | Rural areas only |
| Credit Score | 640 minimum | 640 minimum | Varies |
Choose Your Program
Decide which Nevada program best fits your situation: Home Is Possible (up to 4%), Home First ($15,000 forgivable), or Home At Last (rural areas).
Contact an NHD-Approved Lender
Work with a licensed Nevada mortgage broker (like us!) who participates in NHD or NRH programs and can guide you through the application process.
Complete Homebuyer Education
For Home First program, complete an approved homebuyer education course (available online or in-person).
Get Pre-Approved
Complete your mortgage pre-approval to confirm eligibility and determine how much assistance you qualify for.
Close on Your Nevada Home
The down payment assistance funds are applied at closing, reducing your out-of-pocket costs.
Ready to Access Nevada DPA?
Get pre-approved in 24 hours and discover how much down payment assistance you qualify for.
NMLS #1767357 • Licensed in Nevada • Free Consultation • No Obligation