First Time Homebuyer Programs in Nevada
Nevada offers a range of first-time homebuyer programs through the Nevada Housing Division (NHD) to make homeownership more attainable. These programs provide down payment assistance, affordable loan options, and other valuable resources for new buyers.
Home Is Possible Program
The Home Is Possible program helps first-time homebuyers with down payment and closing cost assistance.
- Offers up to 5% of the loan amount for down payment and closing costs.
- Structured as a forgivable loan after three years of homeownership.
- Available for FHA, VA, USDA, and conventional loans.
Home Is Possible for Heroes
The Home Is Possible for Heroes program provides benefits specifically for veterans and active-duty military personnel.
- Features below-market interest rates on 30-year fixed-rate loans.
- Includes up to 4% in down payment assistance.
- Designed to honor and support those who serve.
Home Is Possible for Teachers
This program offers unique benefits for Nevada teachers buying their first home.
- Provides $7,500 in bonus down payment assistance.
- Structured as a forgivable loan after five years of service as a teacher in Nevada.
- Available for primary residence purchases only.
Nevada’s first-time homebuyer programs are designed to make homeownership more affordable and accessible. Explore these opportunities to find the perfect fit for your needs and take the first step toward owning your dream home in the Silver State.