Down Payment Path

Down Payment Assistance Programs in Nevada

Nevada offers a variety of programs to help homebuyers manage the upfront costs of purchasing a home. These initiatives are designed to support both first-time and repeat buyers, making homeownership more attainable across the Silver State.

Home Is Possible Program

The Home Is Possible Program, offered by the Nevada Housing Division (NHD), provides down payment assistance for eligible buyers.

  • Offers up to 5% of the loan amount as assistance.
  • Available as a forgivable loan after three years of continuous residency.
  • Pairs with FHA, VA, USDA, and conventional loans.
  • Income and purchase price limits apply, but the program is open to many buyers.

Home Is Possible for Heroes

The Home Is Possible for Heroes Program offers enhanced benefits for military personnel, veterans, and surviving spouses.

  • Provides up to 4% of the loan amount in down payment assistance.
  • Features below-market interest rates for qualifying buyers.
  • Open to active-duty service members, veterans, and National Guard members.

Home Is Possible for Teachers

The Home Is Possible for Teachers Program is designed to support educators purchasing a home in Nevada.

  • Offers up to $7,500 in down payment and closing cost assistance.
  • Assistance is forgivable after five years of residency.
  • Available to licensed K-12 teachers meeting program requirements.

USDA Rural Development Loans

For buyers in rural areas of Nevada, the USDA Rural Development Loan offers no down payment financing.

  • Open to low- and moderate-income buyers in USDA-designated areas.
  • Flexible credit requirements and competitive interest rates.
  • Can be combined with state programs to cover closing costs.

Mortgage Credit Certificate (MCC)

The Mortgage Credit Certificate (MCC) program provides tax savings to reduce the overall cost of homeownership.

  • Allows buyers to claim a federal tax credit for a portion of their annual mortgage interest.
  • Pairs with Nevada Housing Division mortgage products and down payment assistance programs.
  • Income and purchase price limits apply.

Local Assistance Programs

Many cities and counties in Nevada offer additional resources to assist homebuyers with upfront costs.

  • Programs in areas like Las Vegas, Reno, and Henderson provide grants or low-interest loans for down payments and closing costs.
  • Some local initiatives target buyers purchasing in revitalization zones or offer benefits for public service workers.
  • Eligibility and funding levels vary by location.

Nevada’s down payment assistance programs aim to make homeownership more affordable by reducing financial barriers. Whether you’re purchasing your first home or upgrading, these resources can help you achieve your dream of owning a home in the Silver State.