Home is Possible (HIP) For First-Time Homebuyers offers interest-free down-payment assistance with a competitive interest rate to give buyers more buying power.

Program Benefits

• Down payment assistance up to 4% of total loan amount
• Usable for down payment and closing costs
• 30 year non-forgivable
• 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 (Gov't Loans)
• Minimum credit score 640 (660 for manufactured homes)
• Maximum debt ratio up to 50% based on credit score and loan type (see guidelines)
• Must live in home as primary residence
• Must meet standard underwriting requirements
• Must complete homebuyer education course

Are you ready to take the first step in buying your first home in Nevada? Find a HIP Lender to get started.