Down Payment Assistance Guide

Nevada Down PaymentAssistance Programs 2025

Complete guide to Nevada DPA programs helping first-time buyers overcome down payment barriers in Las Vegas, Reno, and throughout Nevada

What is Down Payment Assistance (DPA)?

Down payment assistance programs provide grants, forgivable loans, or low-interest loans to help Nevada homebuyers cover their down payment and closing costs. These programs are designed to help first-time buyers and moderate-income families achieve homeownership.

Grants
Free money, never repaid
Forgivable Loans
Forgiven after X years
Deferred Loans
No payment until sale/refi

Nevada DPA Programs for 2025

Nevada Housing Division Home Is Possible (HIP)

Statewide program offering down payment and closing cost assistance

Program Details

  • Amount: Up to 3.5% of purchase price
  • Type: Forgivable loan (5 years)
  • Rate: 0% interest
  • Loan Types: FHA, VA, Conventional, USDA

Eligibility Requirements

  • First-time homebuyer (3-year lookback)
  • Complete homebuyer education course
  • Income limits: $94,000 (1-2 people), $107,800 (3+ people)
  • Primary residence in Nevada

How It Works: Get $14,000 assistance on a $400K home. Stay 5 years, entire amount forgiven. Sell or refinance before 5 years, repay prorated amount.

Clark County Down Payment Assistance

Las Vegas, Henderson, North Las Vegas, Boulder City programs

Program Details

  • Amount: Up to $10,000
  • Type: Grant (no repayment)
  • Additional: Reduced interest rate options
  • Loan Types: FHA, Conventional

Eligibility Requirements

  • First-time buyer or no ownership in 3 years
  • Income limits: 80% Area Median Income (~$75K)
  • Must work with approved lender
  • Home must be in Clark County

Note: Clark County programs have limited annual funding. First-come, first-served basis. Apply early in fiscal year (July-August) for best availability.

Washoe County Home Means Nevada

Reno, Sparks, and Washoe County assistance

Program Details

  • Amount: Up to $15,000
  • Type: Forgivable loan (10 years)
  • Rate: 0% interest deferred
  • Loan Types: FHA, VA, Conventional

Eligibility Requirements

  • First-time or repeat buyer eligible
  • Income limits: $105,000 (varies by family size)
  • Homebuyer education required
  • Must occupy as primary residence

Good Neighbor Next Door (GNND)

Federal program for teachers, firefighters, EMTs, police

Program Details

  • Amount: 50% off list price
  • Type: Discount on HUD homes
  • Requirement: Live there 36 months
  • Available: Select Nevada properties

Eligibility Requirements

  • Active full-time teacher/educator
  • Law enforcement officer
  • Firefighter or EMT
  • Property in designated revitalization area

How to Apply for DPA Programs

Step-by-Step Application Process

1

Complete Homebuyer Education

Most Nevada DPA programs require an approved homebuyer education course (8 hours online or in-person). Get certificate before applying.

2

Check Eligibility Requirements

Review income limits, credit requirements, and first-time buyer status. Gather documentation: tax returns, pay stubs, bank statements.

3

Get Pre-Approved with Participating Lender

Work with a lender approved for DPA programs (like us). We'll help determine which programs you qualify for and reserve funds.

4

Find Your Nevada Home

Search within program purchase price limits. Work with realtor familiar with DPA programs to ensure smooth transaction.

5

Submit DPA Application

Lender submits application to DPA program on your behalf with all required documentation and property details.

6

Close on Your Home

DPA funds disburse at closing, reducing cash you need. Sign documents and get keys to your Nevada home!

Required Documentation

Income Verification

  • Last 2 years tax returns (1040s)
  • Last 30 days pay stubs
  • W-2s from last 2 years
  • Self-employed: profit/loss statements

Asset Documentation

  • Last 2 months bank statements
  • Retirement account statements
  • Gift letter (if using gift funds)
  • Proof of down payment funds

Personal Information

  • Government-issued photo ID
  • Social Security card
  • Homebuyer education certificate
  • Proof of residency/address history

Property Documents

  • Purchase agreement (once under contract)
  • Property listing/MLS sheet
  • Homeowners insurance quote

Nevada Homebuyer Education Providers

Nevada Hand

HUD-approved counseling agency offering online & in-person classes statewide

nevadahand.org →

Framework Homeownership

Online homebuyer education approved for Nevada DPA programs

frameworkhomeownership.org →

eHome America

Self-paced online course, HUD-approved, available 24/7

ehomeamerica.org →

Course costs $75-125, takes 6-8 hours. Certificate valid 1-2 years.

Frequently Asked Questions

Ready to Access Nevada DPA Programs?

We're approved for all major Nevada down payment assistance programs and will guide you through the entire process

Get Pre-Approved with DPA (702) 696-9900