Home Is Possible Program

Nevada down payment assistance programs - Home is Possible

Get downpayment money. Buy a house. Celebrate. In a nutshell, that’s how the Home Is Possible program works.

THIS IS A PERMANENT PROGRAM!
 
Established by the state of Nevada in 2014, Home Is Possible helps homebuyers just like you to get up to 5% of the home loan value. That's thousands of dollars for a one-time fee of just $755 (paid at closing). When you qualify, you can use that money for your down payment or closing costs.
 
Yes, really.
 
So what are the highlights of the Home Is Possible program? Here’s a handy dandy list.
Key Benefits:
  • Get up to 5% of the loan value
  • Usable for down payment and closing costs
  • Attractive 30-year interest rate
  • No first-time homebuyer requirement
  • Financing available for manufactured homes
  • Statewide program
Program Requirements:
  • Borrower may not own property at the time of closing
  • For government loans (FHA, USDA, VA) with a single borrower: qualifying income up to $105,000 / For government loans (FHA, USDA, VA) with 2 or more borrowers: qualifying income up to $135,000
  • For conventional loans, income limits vary - please contact your loan officer to learn more.
  • Home price below $548,250 
  • Minimum credit score of 640 (680 for manufactured homes)
  • Must live in home as primary residence
  • Homebuyer education course required 
  • Must meet standard underwriting requirements
  • One-time fee of $755 (paid at closing)

If you love the benefits and meet the qualifications, the next step is to find a Home Is Possible qualified lender. They’ll help you get thousands of dollars, courtesy of Nevada Housing Division and our Home Is Possible program.

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Our Other Programs

home is possible - a program for heroes

Home Is Possible For Heroes™ helps veterans be at home with a below-market interest rate.

Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 for a down payment or closing costs plus a below-market interest rate—for a limited time.

home is possible for teachers

Whether you’re a homebuying newbie or a homeowner veteran, one thing’s for sure: you’ll be even smarter after completing our free homebuyer education course.

Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 for a down payment or closing costs plus a below-market interest rate—for a limited time.