Nevada Home is Possible - 4% Grant Down Payment Assistance Program
If you need help with the down payment, here is a way home
The Home is Possible Program, through the Nevada Housing Division is designed to help homebuyers get past the obstacle of coming up with the down payment for a home.
The program offers a 30-year fixed-rate mortgage with a non-repayable grant of up to 4.00% of the mortgage amount.
Program Benefits:
- Non-repayable grant up to 4% of the initial principle balance of the mortgage loan, which can be applied to the down payment or closing costs
- Fixed interest rate 30-year loan
- Eligible loans include FHA, VA, USDA and conventional 30-year fixed rate loans
- This program is not exclusive for first-time homebuyers
- No asset limits for homebuyers
Program Requirements:
- Minimum 640 FICO credit score for FHA and VA loans
- Minimum 680 FICO score for conventional loans
- Must be homebuyer's primary residence
- Qualifying income on mortgage application must be below $95,500
- Home price below $400,000
- All buyers must attend a homebuyer education course.
The Home is Possible Down Payment Grant Program is primarily focused in Washoe and Clark counties and only available through participating lenders.
Call us today at (702) 832-0229 for more information
Hear from our clients
My spouse and I have bought and sold many properties over the last 30 years and Marina and her team was the best relator we have used. They ran comps, suggested a realistic selling price, handled the advertising and open houses, and kept in close touch with all prospective buyers. Once a deal was reached Marina moved the process along and made sure all requirements were met. As a result, the close went very smoothly. We give Marina a top notch rating.
Pete Diffley
Marina walked us through a very complicated purchase with us being out of the country for most of the process. She was very good at negotiating with a difficult out of state seller and their agent and got us the deal and closing date that fit our situation. I highly recommend Marina for her local market knowledge, negotiating skills and coming up with creative solutions that fit our individual needs.
Randy Awe
Marina is an excellent Realtor®. Very professional and helped me through every step of the sale. She sold the house the first day of her open house. She got us a cash sale that closed in only 14 days. I will definitely hire her in the future to sell my current home and buy my next house.
Kate R
Marina is an A+ real estate professional. Very knowledgeable about Las Vegas from multiple perspectives. She helped me negotiate a house purchase for me when I was the lowest of 5 bids. Her skills at understanding what is important to an individual is her biggest asset, from finding the right home for an individual, to understanding what motivates the seller. If I get in the market for another home, Im going to have Marina represent me again.
Joe Messeh