Home First

There’s a new way to get into your first home — announcing Home First

Home First, the newest homebuying program from Nevada Housing Division, is making ownership possible for first-time homebuyers throughout Nevada. With generous down payment support and liberal home price limits, it’s easier than ever to get the keys to your first home.

 

Program Benefits:

  • $15,000 down payment assistance
  • (cannot be used for closing costs)
  • Forgivable after 3 years (if you stay in home)
  • 30-year fixed rate mortgage
  • Purchase price up to $570,000 (see agency guidelines)

Eligibility Requirements:

  • Must be first-time homebuyer
  • (cannot have owned a home in the last 3 years)
  • Minimum of 6 months Nevada residency
  • Minimum credit score 660
  • Must complete homebuyer education course
  • Income must fall within Household Income Limits (see below)

300% Federal poverty level

# of Persons in Household Annual Income
1 $40,770
2 $54,930
3 $69,090
4 $83,250
5 $97,410
6 $111,570
7 $125,730
8 $139,880

80% County AMI

County Annual Income
Carson City $62,150
Churchill $65,440
Clark $65,360
Douglas $69,200
Elko $81,200
Esmeralda $65,440
Eureka $86,240
Humboldt $74,000
Lander $89,840
Lincoln $65,440
Lyon $65,440
Mineral $65,440
Nye $65,440
Pershing $65,440
Storey $77,200
Washoe $77,200
White Pine $65,440