Home Is Possible (HIP) for First-Time Homebuyers
Nevada Housing Division (state housing finance agency), operated under the homeispossiblenv.org umbrella
Amount: Down payment/closing cost assistance up to 4% of the total loan amount, paired with a 30-year fixed-rate first mortgage. Structured as a second loan that is NOT forgivable — it is repaid over 30 years (not a grant).
Type: Second mortgage / down payment assistance (non-forgivable, 30-year term, no stated interest premium described as repayable alongside first mortgage)
Must be a first-time homebuyer (defined as not having owned a home in the prior 3 years); minimum credit score of 640 (660 for manufactured homes); household income and home purchase price limits vary by county (commonly cited around $105,000 income / $832,750 purchase price in many counties, but caps differ by county — verify exact county limit with a participating lender); must occupy as primary residence; homebuyer education course required; max DTI up to 50% depending on credit/loan type.
Worker Advantage Program
Nevada Housing Division
Amount: $20,000 in down payment assistance, structured as a no-interest, no-payment, non-forgivable 30-year second mortgage. Funds can go to down payment, closing costs, or buying down the interest rate (2-4 discount points). Program launched December 1, 2025, funded for roughly 900 households statewide on a first-come, first-served basis (as of January 2026 reporting, the large majority of slots remained available).
Type: Second mortgage / down payment assistance for essential workers (non-forgivable, 0% interest, no monthly payments, 30-year term)
No first-time-homebuyer requirement. At least one borrower must work full-time in one of 47 qualifying 'essential worker' professions across health care, education, public safety, and construction. Minimum credit score 640 (660 manufactured homes). Household income at or below 150% of Area Median Income (county-specific caps ranging roughly from $101,550 in Mineral County to $175,250 in Esmeralda/Storey Counties; approx. $142,350 in Clark County). Minimum 6 months Nevada residency. Purchase price cap around $832,750. Cannot have previously received Home Is Possible assistance. Homebuyer education required.
Home At Last (including Home At Last Advantage)
Nevada Rural Housing Authority (a separate housing finance agency covering Nevada's rural/smaller markets, distinct from the state Nevada Housing Division)
Amount: Down payment assistance as an interest-free, forgivable-after-3-years second mortgage, generally 2% to 5% of the loan amount (some sources cite up to roughly $22,600 depending on loan program).
Type: Second mortgage / grant-style down payment assistance (interest-free; forgiven after a 3-year occupancy period)
No first-time-homebuyer requirement and no Nevada residency requirement to qualify. Property must be in an eligible rural area (population under 150,000) — NOT valid within Reno, Sparks, Las Vegas, North Las Vegas, Henderson, or the unincorporated townships of Enterprise, Paradise, Spring Valley, and Sunrise Manor. Must occupy as primary residence within 60 days of closing. Homebuyer education required. Standard credit/income underwriting per loan type applies.