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Homeownership is closer than you think!

DOWN PAYMENT ASSISTANCE

Home Is Possible™

Down Payment Assistance

Established by the state of Nevada in 2014, Home Is Possible helps home-buyers just like you to get up to 5% of the home loan value. That's thousands of dollars! When you qualify, you can use that money for your down payment or closing costs.

This is a permanent program.

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Key Benefits

✔ Get up to 5% of the loan value
✔ Forgivable after three years (must stay in home) 
✔ Attractive 30-year interest rate
✔ No first-time homebuyer requirement
✔ Financing available for manufactured homes
✔ Statewide program

Requirements

✔ May not own property at the time of closing
✔ For govt. loans: income must be below $98,500
✔ For conventional loans: varies by county
✔ Home price below $510,400
✔ Minimum credit score of 640
✔ Must live in home as primary residence
✔ Homebuyer education course required
✔ Must meet standard underwriting requirements
✔ Additional one-time fee of $755

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:

HIP For Heroes™
Below Market Rate

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HIP For Teachers™
Down Payment Assistance

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HIP For First-Time Homebuyers
Down Payment Assistance

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Home At Last
Down Payment Assistance

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Culinary & Bartenders Housing Partnership
Down Payment Assistance

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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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