Home Is Possible Program

Nevada down payment assistance programs - Home is Possible

Get bonus 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 $675. 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
  • Forgivable after three years (if your stay in your home)
  • Attractive 30-year interest rate
  • No first-time homebuyer requirement
  • Financing available for manufactured homes
  • Statewide program
Program Requirements:
  • Qualifying income below $98,500 
  • Home price below $400,000 
  • Minimum credit score of 640
  • Must live in home as primary residence
  • Homebuyer education course required 
  • Must meet standard underwriting requirements
  • One-time fee of $675

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 in bonus money, courtesy of Nevada Housing Division and our Home Is Possible program.

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Our Other Programs

Nevada veterans mortgage assistance - Home is Possible for Heroes

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

Down payment assistance Nevada - combining HIP and Mortgage Credit Certificate

HIP Plus™ combines the benefits of Home Is Possible and Mortgage Credit Certificate.

Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.

Nevada down payment assistance for teachers - Home is Possible

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