By the time the clock struck midnight on New Year’s Eve 2019, the Nevada Housing Division’s (NHD) Home Is Possible (HIP) programs had helped 21,970 Nevada families realize the American dream of homeownership. These newly anointed lawn mowers, picture hangers and pet lovers include 1,497 veterans and active military personnel, as well as 796 Nevada teachers. That’s a lot of families now able to paint their walls that questionable shade of chartreuse without worrying about what the landlord thinks.
“This program has succeeded in ways we couldn’t have imagined when we started in 2014,” said NHD Administrator Stephen Aichroth. “And we will continue to innovate to help even more families as we move forward.”
The HIP programs were created to help families throughout the state – people who can afford a monthly mortgage payment, but who might be having a hard time coming up with a down payment or closing costs. Visit our Home Is Possible program page to learn more about the key benefits and requirements. You might be surprised at how easy it is!
Home Is Possible Funding
You might be wondering how NHD has been able to provide assistance to so many Nevadans. Glad you asked. The HIP programs are funded through a private/public partnership model, which has funded $187 million in down payment and closing costs, for a total of $4.6 billion in closed mortgages since the programs were founded. Yes, that’s billion with a b.
The programs are provided through 89 mortgage company partners throughout the state. The mortgage companies work with homebuyers to find the best solutions for their specific situations and then walk them through the process.
If you’re ready to buy a home of your own, start by visiting our list of HIP-qualified lenders, who can evaluate your situation and let you know how much house you can afford. They can also help you figure out which HIP down payment assistance program works best for you. Then call a HIP-qualified real estate agent to get out there with you to find the home of your dreams.