Nevada Housing Division Highlights

Home is Possible

Nevada Housing Division, HIP | At-A-Glance

AVAILABLE PROGRAMS HIP
ELIGIBLE AREA Entire state of Nevada
BULLETINS Bulletins
ELIGIBLE BORROWER(S) NO First-time homebuyer requirement in this program
RATES SEE CHART
DPA AVAILABLE See Rates/Offerings Table
LOAN TYPE SEE CHART
HiP INCOME LIMITS HiP Income Limits
HiP LOAN LIMITS The program does not establish a maximum or minimum loan amount or purchase price for this program. Lenders must comply with agency limits per loan guidelines (FHA, Fannie Mae, etc.). The Program does not permit Jumbo loans.
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 Program 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
QUESTIONS Questions
ELIGIBLE AREA Entire state of Nevada
BULLETINS Bulletins
ELIGIBLE BORROWER(S) Borrower and non-purchasing spouse must be first-time buyers.
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME AND PURCHASE PRICE LIMITS Income and Purchase Price Limits
TIMELINE REQUIREMENTS 70 days from reservation (in eHPortal) to loan purchase by US Bank.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS All loan products - For purposes of the Program, cosigners are non-occupying loan guarantors only. They are not permitted to occupy the property, may not sign the Deed of Trust and may not have any vested interest in the property. Cosigners are permitted per Agency (FHA, USDA-RD, VA), GSE and U.S. Bank guidelines.
PROGRAM GUIDELINES HIP for First-Time Buyers Guidelines
PARTICIPATING LENDERS Participating Lenders

Worker Advantage

Nevada Housing, Worker Advantage | At-A-Glance

AVAILABLE PROGRAMS HiP Worker Advantage Program - Available Dec. 1st
ELIGIBLE AREA Entire state of Nevada
BULLETINS Bulletins
ELIGIBLE BORROWER(S) NO First-time homebuyer requirement in this program. Must be a resident of Nevada for at least six months prior to loan reservation.
APPROVED PROFESSIONS NHD HiP Worker Advantage Program Approved Professions
RATES SEE CHART
DPA AVAILABLE Borrowers will receive $20,000 in down payment assistance, which may be used in one of two ways: 1) Apply the full $20,000 toward down payment assistance and/or closing costs; OR 2) Pay discount points equal to 2% or 4% of the principal loan amount to permanently buy down the Worker Advantage Program interest rate.
LOAN TYPE SEE CHART
INCOME LIMITS NHD HiP Worker Advantage Program Income Limits
LOAN LIMITS The program does not establish a maximum or minimum loan amount or purchase price for this program. Lenders must comply with Agency or GSE limits per loan guidelines . The Program does not permit Jumbo loans.
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 NHD Worker Advantage Guidelines
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings

Nevada Housing Division, Home is Possible | Rates & Offerings

[ Business Days 8:00am - 7:00pm PT ]
Home is Possible (HiP)
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 = 30 year Deferred Second
Home is Possible (HIP) Worker Advantage
Offering FICO DPA Lock Rate
CLICK HERE FOR TODAY’S RATES
First Mtg
30 Year, Fixed Rate, Amortized
SRP 2.25%
DPA 20K - Please Reference Guidelines for Discount Options

Home First DPA

Nevada Housing Division, HIP | At-A-Glance

AVAILABLE PROGRAMS HIP
ELIGIBLE AREA Entire state of Nevada
BULLETINS Bulletins
ELIGIBLE BORROWER(S) NO First-time homebuyer requirement in this program
RATES SEE CHART
DPA AVAILABLE See Rates/Offerings Table
LOAN TYPE SEE CHART
HiP INCOME LIMITS HiP Income Limits
HiP LOAN LIMITS The program does not establish a maximum or minimum loan amount or purchase price for this program. Lenders must comply with agency limits per loan guidelines (FHA, Fannie Mae, etc.). The Program does not permit Jumbo loans.
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 Program Guidelines
PARTICIPATING LENDERS Participating Lenders

HIP Options

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

AVAILABLE PROGRAMS Home Is Possible for First-Time Buyers
QUESTIONS Questions
ELIGIBLE AREA Entire state of Nevada
BULLETINS Bulletins
ELIGIBLE BORROWER(S) Borrower and non-purchasing spouse must be first-time buyers.
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME AND PURCHASE PRICE LIMITS Income and Purchase Price Limits
TIMELINE REQUIREMENTS 70 days from reservation (in eHPortal) to loan purchase by US Bank.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS All loan products - For purposes of the Program, cosigners are non-occupying loan guarantors only. They are not permitted to occupy the property, may not sign the Deed of Trust and may not have any vested interest in the property. Cosigners are permitted per Agency (FHA, USDA-RD, VA), GSE and U.S. Bank guidelines.
PROGRAM GUIDELINES HIP for First-Time Buyers Guidelines
PARTICIPATING LENDERS Participating Lenders

Worker Advantage

Nevada Housing, Worker Advantage | At-A-Glance

AVAILABLE PROGRAMS HiP Worker Advantage Program - Available Dec. 1st
ELIGIBLE AREA Entire state of Nevada
BULLETINS Bulletins
ELIGIBLE BORROWER(S) NO First-time homebuyer requirement in this program. Must be a resident of Nevada for at least six months prior to loan reservation.
APPROVED PROFESSIONS NHD HiP Worker Advantage Program Approved Professions
RATES SEE CHART
DPA AVAILABLE Borrowers will receive $20,000 in down payment assistance, which may be used in one of two ways: 1) Apply the full $20,000 toward down payment assistance and/or closing costs; OR 2) Pay discount points equal to 2% or 4% of the principal loan amount to permanently buy down the Worker Advantage Program interest rate.
LOAN TYPE SEE CHART
INCOME LIMITS NHD HiP Worker Advantage Program Income Limits
LOAN LIMITS The program does not establish a maximum or minimum loan amount or purchase price for this program. Lenders must comply with Agency or GSE limits per loan guidelines . The Program does not permit Jumbo loans.
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 NHD Worker Advantage Guidelines
PARTICIPATING LENDERS Participating Lenders