Homeownership is closer than you think!
DOWN PAYMENT ASSISTANCE
Home Is Possible™
Down Payment Assistance
Established by the state of Nevada in 2014, Home Is Possible helps home-buyers just like you to get up to 5% of the home loan value. That's thousands of dollars! When you qualify, you can use that money for your down payment or closing costs.
This is a permanent program.
Key Benefits
✔ Get up to 5% of the loan value
✔ Forgivable after three years (must stay in home)
✔ Attractive 30-year interest rate
✔ No first-time homebuyer requirement
✔ Financing available for manufactured homes
✔ Statewide program
Requirements
✔ May not own property at the time of closing
✔ For govt. loans: income must be below $98,500
✔ For conventional loans: varies by county
✔ Home price below $510,400
✔ Minimum credit score of 640
✔ Must live in home as primary residence
✔ Homebuyer education course required
✔ Must meet standard underwriting requirements
✔ Additional one-time fee of $755
This down payment assistance program requires a home loan mortgage approval. Find out if you are approved by applying:
Home Loan Down Payment Assistance Programs:
For more information about mortgage related programs
Get in contact with our home loan mortgage lending experts
Information on the Housing Market, Mortgage Interest Rates, and Real Estate News impacting the Mortgage Industry visit: