Home Is Possible For First-Time Homebuyers

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Nevada Housing Division – Home Is PossibleNVFirst-Time Homeowner

Funding: Up to $4grant/2nd mortgagerollingDeadline: Scope: statewidestate

Updated: Dec 5, 2025

Summary

Nevada’s Home Is Possible For First-Time Homebuyers program offers interest-free down payment assistance up to 4% of the loan amount plus competitive 30-year fixed mortgage rates, giving first-time buyers more buying power while reducing upfront costs.

Benefits

Down payment assistanceClosing cost assistanceInterest-free second mortgage

Who Can Apply

First-time homebuyer

Eligible Locations

Nevada first-time buyers with 640+ credit score, income/purchase-price caps, and FHA/VA/USDA/Conventional loan approval.

Eligibility

First-time homebuyers who have not owned a home in the past three years, meet county-specific purchase price and income limits, have a minimum 640 credit score (680 for manufactured homes), and qualify for an FHA, VA, USDA-RD, or conventional first mortgage. Home must be a primary residence in Nevada, and borrowers must complete homebuyer education and meet standard underwriting and debt-to-income guidelines.

Full Description

The program page explains that Home Is Possible For First-Time Homebuyers provides interest-free down payment assistance that can be used for both the required down payment and closing costs, with assistance options tied to current rate sheets (for example, 2% or 4% DPA paired with slightly different mortgage rates). Assistance is structured as a no-interest, no-payment, non-forgivable second mortgage with a 30-year term, layered on top of an FHA, VA, USDA-RD or conventional first lien. Program requirements highlight that buyers must be true first-time homebuyers (no ownership of a primary residence in the last three years, with standard exemptions for qualified veterans and targeted areas where applicable), meet county-based income and purchase price limits, and maintain debt-to-income ratios within program thresholds. Minimum credit scores start at 640, rising to 680 for manufactured housing, and the property must be a new or existing owner-occupied primary residence such as a single-family home, condo, townhome, or eligible manufactured home. Homebuyer education is mandatory, and borrowers work through a participating HIP lender to reserve assistance and close on the loan. For SEO purposes, this page is a strong anchor for phrases like “Nevada first-time homebuyer program,” “Home Is Possible down payment assistance,” and “Nevada Housing Division FTHB grant alternative.”

Verification & Details

Complexity: medium

Confidence: 92%

Status: open

Source: homeispossiblenv.org

Values consistent with Nevada Housing Division program sheets.

Official source → homeispossiblenv.org

Apply on official siteUpdated Dec 5, 2025

Recommended Resource

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Home Is Possible – Statewide Down Payment Assistance

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The Home Is Possible flagship program provides up to 5% of the loan amount in non-repayable assistance that can be applied directly to down payment and closing costs, helping Nevada buyers bridge the gap between rent and homeownership even if they’re not first-time purchasers.

Eligible for: Low- and moderate-income Nevada homebuyers who can afford a monthly mortgage payment but need help with the upfront costs. Program guideline…

Funding: Up to 5% of the loan value (or sales price) as non-repayable assistance for down payment and closing costs; eligible to first-time and repeat buyers.Deadline: Rolling / subject to funding and rate reservationsrollingstatewide (NV)HomebuyerDown payment assistanceClosing cost assistanceHomeownership accessGrant

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