“Home Is Possible” program

The Nevada Housing Division has launched the “Home is Possible” new home buyer program that provides qualified homeowners in Clark and Washoe counties a grant of up to 4% of the loan amount to be applied toward down payment and/or closing costs.

The general requirements of the program include:

  • Homebuyer must purchase the home to occupy as the primary residence
  • Minimum credit score of 640 for government insured loans; 660 for manufactured homes and 680 for conventional loans
  • Home purchase price under $400,000
  • Qualifying income on mortgage application must be below $95,500
  • Borrowers must take an approved home buyer education course
  • Borrower must meet the lender’s specific underwriting requirements
  • There is no repayment obligation; no first-time home buyer requirement

See Home Is Possible Down Payment Grant Program for more details.

About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
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