Nevada Down Payment Assistance Programs

Key Benefits:
* Get up to 5% of the loan value.
* Usable for down payment and closing costs.
* Forgivable after three years (if your stay in your home).
* Attractive 30-year interest rate.
* No first-time homebuyer requirement.
* Financing available for manufactured homes.
* Statewide program. 

Program Requirements
* Borrower may not own property at the time of closing.
* For government loans (FHA, USDA, VA) — qualifying income must be below $105,000.
* For conventional loans (HFA-preferred & HFA Advantage) — please visit our income limits by county page.
* Home price below $647,200.
* Minimum credit score of 640.
* Must live in home as primary residence.
* Homebuyer education course required.
* Must meet standard underwriting requirements.
* One-time fee of $755.

Key Benefits
* Below-market fixed interest rate 30-year loan.
* Reduces monthly mortgage payment.
* No first-time homebuyer requirement.
* Statewide program.

Program Requirements
* Borrower may not own other property at the time of closing.
* Qualifying income below $105,000.
* Home price below $647,200.
* VA or USDA loans only.
* Minimum credit score of 640.
* Homebuyer must live in home as primary residence.
* Homebuyer education course required.
* Must meet standard underwriting requirements.
* One-time fee of $755.

Key Benefits
* $7,500.
* Usable for down payment and closing costs.
* Forgivable after five years (if you stay in your home).
* Below-market fixed interest rate 30-year loan.
* Statewide program.
* No first-time homebuyer requirement.

Program Requirements
* Borrower may not own property at the time of closing.
* Must be a licensed full-time K-12 public school classroom teacher in Nevada.
* Qualifying income below $105,000.
* Home price below $647,200.
* Minimum credit score of 660 for FHA / 640 for VA, USDA.
* Government insured loans only (no conventional loans).
* Teacher must live in home as primary residence.
* Homebuyer education course required.
* Must meet standard underwriting requirements.
* One-time fee of $755 on first mortgage.

Home At Last offers residents a variety of homeownership programs including:
* Down Payment Assistance
* Refinance with Home At Last
* Mortgage Credit Certificates

Home At Last is a program of the Nevada Rural Housing Authority and provides assistance options ranging from 0% to 5% of the loan amount. 
* The 0% option is ideal for homebuyers who have money saved up to buy a home and they want to use Home At Last to get the lowest rate.
* The 5% option provides up to a maximum of $27,000.
* Down payment assistance can also be used for closing costs.