Up to 5% of loan amount for down payment and closing costs. Statewide, 30-year fixed.
Nevada Housing Division's Home Is Possible program provides up to 5% of the loan amount in DPA. Nevada's housing market — driven by Las Vegas, Reno, and Henderson — has seen dramatic price swings, and HIP helps stabilize homeownership for residents who might otherwise be priced out during upswings.
The program works with FHA, VA, and conventional first mortgages and is available to both first-time and repeat buyers (with income limits). For Las Vegas buyers, 5% DPA on a $400,000 home means $20,000 in assistance — enough to cover the full FHA down payment plus closing costs.
This program can be used on 1-4 unit properties. Live in one unit, rent the others.
We'll show you how to combine Home Is Possible (Nevada) with other programs to maximize your free money — personalized to your ZIP code and income.