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Homeownership is closer than you think!

DOWN PAYMENT ASSISTANCE

HIP For First-Time Homebuyers™

Down Payment Assistance

Home Is Possible For First-Time Homebuyers™
Owning a home is part of the American Dream and one of the best paths for working and middle-class families to build wealth, but it can be difficult to save the money necessary to get started. That’s why NHD created this new program exclusively for first-time homebuyers.

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Key Benefits

✔ Get up to 4% of total loan amount
✔ Usable for down payment and closing costs
✔ Forgivable after 15 years (if you stay in your home)
✔ Attractive, 30-year fixed interest rate
✔ Statewide program

Requirements

✔ Must be a first-time homebuyer
(have not owned a home in the past 3 years)
✔ Maximum purchase price & income limits by county
✔ Minimum credit score of 660
✔ Must live in home as primary residence
✔ Homebuyer education course required
✔ Must meet standard underwriting requirements
✔ Additional one-time fee of $755

Maximum purchase price & income limits by county

Carson City
Maximum home purchase price: $286,699
Maximum qualified income: $69,700 (2 or fewer people)
Maximum qualified income: $80,155 (3 or more people)

Churchill
Maximum home purchase price: $283,348
Maximum qualified income: $69,700 (2 or fewer people)*
Maximum qualified income: $80,155 (3 or more people)*

Clark
Maximum home purchase price: $289,804
Maximum qualified income: $69,700 (2 or fewer people)*
Maximum qualified income: $80,155 (3 or more people)*

Douglas
Maximum home purchase price: $380,886
Maximum qualified income: $87,600 (2 or fewer people)
Maximum qualified income: $102,200 (3 or more people)

Elko
Maximum home purchase price: $283,348
Maximum qualified income: $87,400 (2 or fewer people)
Maximum qualified income: $100,510 (3 or more people)

Esmeralda
Maximum home purchase price: $283,348
Maximum qualified income: $69,700 2 or fewer people)*
Maximum qualified income: $80,155 (3 or more people)*

Eureka
Maximum home purchase price: $283,348
Maximum qualified income: $96,400 (2 or fewer people)
Maximum qualified income: $110,860 (3 or more people)

Humboldt
Maximum home purchase price: $283,348
Maximum qualified income: $78,900 (2 or fewer people)
Maximum qualified income: $90,735 (3 or more people)

Lander
Maximum home purchase price: $283,348
Maximum qualified income: $90,400 (2 or fewer people)
Maximum qualified income: $90,400 (3 or more people)


Lincoln

Maximum home purchase price: $283,348
Maximum qualified income: $69,700 (2 or fewer people)
Maximum qualified income: $80,155 (3 or more people)

Lyon
Maximum home purchase price: $283,348
Maximum qualified income: $69,700 (2 or fewer people)
Maximum qualified income: $80,155 (3 or more people)

Mineral
Maximum home purchase price: $283,348
Maximum qualified income: $69,700 (2 or fewer people)*
Maximum qualified income: $80,155 (3 or more people)*

Nye
Maximum home purchase price: $283,348
Maximum qualified income: $69,700 (2 or fewer people)
Maximum qualified income: $80,155 (3 or more people)

Pershing
Maximum home purchase price: $283,348
Maximum qualified income: $69,700 (2 or fewer people)
Maximum qualified income: $80,155 (3 or more people)

Storey
Maximum home purchase price: $371,571
Maximum qualified income: $88,979 (2 or fewer people)
Maximum qualified income: $102,326 (3 or more people)

Washoe
Maximum home purchase price: $371,571
Maximum qualified income: $88,979 (2 or fewer people)*
Maximum qualified income: $102,326 (3 or more people)*

White Pine
Maximum home purchase price: $283,348
Maximum qualified income: $72,400 (2 or fewer people)
Maximum qualified income: $83,260 (3 or more people)

*Certain areas within this county may have a higher income limit.

This down payment assistance program requires a home loan mortgage approval. Find out if you are approved by applying:

Home Loan Down Payment Assistance Programs:

Home Is Possible™
Down Payment Assistance

Learn More

HIP For Heroes™
Below Market Rate

Learn More

HIP For Teachers™
Down Payment Assistance

Learn More

Home At Last
Down Payment Assistance

Learn More

Culinary & Bartenders Housing Partnership
Down Payment Assistance

Learn More

W.I.S.H.
Down Payment Assistance

Learn More

For more information about mortgage related programs

Get in contact with our home loan mortgage lending experts

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