×
Sign In Sign Up

Find Homeownership Incentives

Home > NV

Home Is Possible Program - First Time Homebuyers

Type Of Program

Down Payment & Closing Costs

Program distribution

Forgiveable Second Mortgage

Program Originator

Nevada Housing Division

Program URL

homeispossiblenv.org

Amount

$4.00

Contact

HIP@housing.nv.gov

Blocks

Location
Nationwide
Description

Key Benefits:

  •  Down payment assistance up to 4% of total loan amount
  •  Usable for down payment and closing costs
  •  Forgivable after 3 years (if you stay in your home)
  •  Attractive, 30-year fixed interest rate
  •  Statewide program

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 (680 for manufactured homes)
  •  Must live in home as primary residence
  •  Must meet standard underwriting requirements
  •  Homebuyer education required
  •  One-time fee of $759 paid at closing
AMI Limit

No

AMI

Employer Participation Required

No

Must Earn Counseling Certificate

No

Eligibility Limitations

Cash Sale Permitted

No

Cosigner Permitted

No

Owner Financing Permitted

No

Must be Primary Residence

No

Program Provider's Contact Name

Program Provider's Address

Program Provider's Phone

Program Provider's Email

HomeBase
Copyright © 2020 HomeBase, LLC. All rights reserved. Equal Housing Opportunity. Have a Question? Visit our Help Center to find the answer.
Newsletter
FAQ
Terms & Conditions
Privacy
Contact