Nevada Housing Division Highlights

Home First DPA

Nevada Housing Division, HIP | At-A-Glance

AVAILABLE PROGRAMS Home is Possible, Home Means Nevada
ELLIGIBLE AREA Entire state of Nevada
ELIGIBLE BORROWER(S) Home is Possible: No first-time buyer requirement // Home Means Nevada: Buyers must be first-time buyer and meet the six-month residency reguirement.
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS There are no purchase price limits in this program. Follow Agency (FHA, USDA-RD, VA and Freddie Mac) guidelines for maximum loan limits.
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signer and Non-Occupant Co-Borrowers are permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
PROGRAM GUIDELINES Guidelines
Participating Lenders Participating Lenders

HIP Options

Nevada Housing Division, HIP FTHB | At-A-Glance

AVAILABLE PROGRAMS Home Is Possible for First-Time Buyers
ELLIGIBLE AREA Entire state of Nevada
ELIGIBLE BORROWER(S) Borrower and non-purchasing spouse must be first-time buyers.
RATES See Chart
DPA AVAILABLE 0% Interest, 7-year forgivable second mortgage. Assistance calculated as 2% or 4% of the total Note Amount.
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Limits
TIMELINE REQUIREMENTS 70 days from reservation (in eHPortal) to loan purchase by US Bank.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS FHA, USDA-RD, VA Loans - For purposes of the Program, cosigners are non-occupying loan guarantors only. They are not permitted to occupy the property and may not be on title (sign the Deed of Trust), purchase agreement or have any vested interest in the property. Cosigners are permitted per Agency (FHA, USDA-RD, VA) guidelines.
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

FTHB

Nevada Housing Division,Home first dpa | At-A-Glance

AVAILABLE PROGRAMS Home First DPA
ELLIGIBLE AREA Entire state of Nevada
ELIGIBLE BORROWER(S) First-time homebuyer requirement in this program, At least one occupying borrower must be a 6-month resident of Nevada at time of reservation.
RATES SEE CHART
DPA AVAILABLE SEE CHART
LOAN TYPE SEE CHART
INCOME LIMITS INCOME LIMITS
PURCHASE LIMITS Purchase Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION HOMEBUYER EDUCATION
CO-SIGNORS Co-Signer and Non-Occupant Co-Borrowers are permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Home is Possible

Nevada Housing Division, HIP | At-A-Glance

AVAILABLE PROGRAMS Home is Possible, Home Means Nevada
ELLIGIBLE AREA Entire state of Nevada
ELIGIBLE BORROWER(S) Home is Possible: No first-time buyer requirement // Home Means Nevada: Buyers must be first-time buyer and meet the six-month residency reguirement.
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS There are no purchase price limits in this program. Follow Agency (FHA, USDA-RD, VA and Freddie Mac) guidelines for maximum loan limits.
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signer and Non-Occupant Co-Borrowers are permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
PROGRAM GUIDELINES Guidelines
Participating Lenders Participating Lenders

Home is Possible for First- Time Buyers

Nevada Housing Division, HIP FTHB | At-A-Glance

AVAILABLE PROGRAMS Home Is Possible for First-Time Buyers
ELLIGIBLE AREA Entire state of Nevada
ELIGIBLE BORROWER(S) Borrower and non-purchasing spouse must be first-time buyers.
RATES See Chart
DPA AVAILABLE 0% Interest, 7-year forgivable second mortgage. Assistance calculated as 2% or 4% of the total Note Amount.
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS Purchase Limits
TIMELINE REQUIREMENTS 70 days from reservation (in eHPortal) to loan purchase by US Bank.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS FHA, USDA-RD, VA Loans - For purposes of the Program, cosigners are non-occupying loan guarantors only. They are not permitted to occupy the property and may not be on title (sign the Deed of Trust), purchase agreement or have any vested interest in the property. Cosigners are permitted per Agency (FHA, USDA-RD, VA) guidelines.
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Home First DPA

Nevada Housing Division,Home first dpa | At-A-Glance

AVAILABLE PROGRAMS Home First DPA
ELLIGIBLE AREA Entire state of Nevada
ELIGIBLE BORROWER(S) First-time homebuyer requirement in this program, At least one occupying borrower must be a 6-month resident of Nevada at time of reservation.
RATES SEE CHART
DPA AVAILABLE SEE CHART
LOAN TYPE SEE CHART
INCOME LIMITS INCOME LIMITS
PURCHASE LIMITS Purchase Limits
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION HOMEBUYER EDUCATION
CO-SIGNORS Co-Signer and Non-Occupant Co-Borrowers are permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings [ Business Days 8:00am – 7:00pm PT ]

Nevada Housing Division, Home is Possible | Rates & Offerings

Home is Possible (HiP) - Link directly to Nevada Housing Site
Offering FICO DPA Lock Rate
CLICK HERE FOR TODAY’S RATES
First Mtg
30 Year, Fixed Rate, Amortized
SRP 2.25%
DPA – please reference the Guidelines Tab for details
Teachers = 5 year forgivable
HIP = 3 year forgivable
HOME FIRST = 3 year forgivable