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 |