Launchpad Homeownership Programs – Nevada Rural Housing Down Payment Assistance | Nevada grant

Launchpad Homeownership Programs – Nevada Rural Housing Down Payment Assistance

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Nevada Rural HousingNVFirst-Time Homeowner

Funding: $2–$5grant/second lien assistancerollingDeadline: Scope: rural statewidestate

Updated: Dec 5, 2025

Summary

Nevada Rural Housing’s Launchpad Homeownership Programs combine below-market mortgage rates with up to 5% down payment assistance to make homeownership more affordable for first-time and repeat buyers across rural Nevada, including rural parts of Clark and Washoe counties.

Benefits

Down payment assistanceClosing cost assistanceBelow-market interest rate

Who Can Apply

First-time homebuyerRepeat buyerRural household

Eligible Locations

Rural Nevada buyers using FHA/VA/USDA/Conventional loans, meeting income/purchase price limits and 640+ credit score.

Eligibility

Homebuyers purchasing an owner-occupied primary residence in rural Nevada (15 rural counties plus the rural portions of Clark and Washoe), using an eligible FHA, VA, USDA-RD, or conventional mortgage, and meeting income limits (around $165,000 for many counties) and county-specific purchase price caps. Launchpad for First-Time Homebuyers requires that borrowers have not owned a primary residence in the last three years, with targeted areas and qualified veterans exempt from this rule. Minimum credit score is 640 (680 for manufactured homes), homebuyer education is required, and buyers must work with an approved Nevada Rural Housing program lender.

Full Description

The Down Payment Assistance page explains that Nevada Rural Housing’s programs have already helped more than 10,000 rural Nevada families buy homes since 2006 and outlines multiple DPA offerings. In the Launchpad section, the agency highlights that Launchpad is “designed to deliver a stellar below-market rate” with 2% and 4% DPA options specifically for first-time homebuyers and 3% and 5% DPA options open to a broader pool of borrowers. Assistance attaches to 30-year fixed FHA, VA, USDA-RD, and conventional loans and can be used to cover down payment and closing costs, effectively lowering cash-to-close and monthly payments at the same time. Program details further spell out income limits (often up to $165,000), county-specific purchase price limits (with special “targeted” census tracts that allow higher limits and waive first-time buyer requirements), and standard underwriting rules like maximum debt-to-income ratios. Borrowers must occupy the home as their primary residence within 60 days, purchase in an eligible rural area verified via HALMap.org, and complete approved homebuyer education. Launchpad’s strong branding (“Homeownership, you’re cleared for takeoff”) and emphasis on essential workers and rural communities make this page highly relevant for SEO terms such as “Nevada Rural Housing down payment assistance,” “Launchpad first-time homebuyer Nevada,” and “rural Nevada DPA up to 5%.”

Verification & Details

Complexity: medium

Confidence: 93%

Status: open

Source: nvrural.org

Based on Nevada Rural Housing official program PDFs and webpage.

Official source → nvrural.org

Apply on official siteUpdated Dec 5, 2025

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