Down payment assistance in Nevada

HIP-DPA: 3% or 5%. HIP for First-Time Homebuyers: 2% or 4% (percent options as listed on the Nevada Housing Division rate sheet)

A no-interest, no-payment, non-forgivable 30-year second mortgage paired with a Home Is Possible first mortgage. It is repaid, not forgiven. The larger assistance options carry higher first-mortgage rates.

Who qualifies: HIP-DPA: no first-time requirement, income up to $165,000 (conventional under 80% AMI uses county limits), purchase price up to $832,750. HIP for First-Time Homebuyers: no primary residence owned in the last 3 years, county income and price limits. Minimum credit score 640 (660 for manufactured homes). DTI up to 50% (45% below 680 credit on government loans).

Nevada Housing Division · Agency website → · Checked 2026-09-30

$20,000

A no-interest, no-payment, non-forgivable 30-year second mortgage for essential workers. The money can go to down payment, or first to buy down the first mortgage rate with the rest toward down payment and closing costs.

Who qualifies: At least one borrower employed in a listed essential-worker profession (health care, education, public safety, construction). Nevada resident for at least 6 months. Household income up to 150% AMI (county limits, e.g. $147,300 in Clark). Home price up to $832,750. Minimum credit score 640. Homebuyer education for each borrower. No first-time requirement, but not for previous Home Is Possible users.

Nevada Housing Division · Agency website → · Checked 2026-09-30