Down payment assistance in Nevada
Nevada's primary statewide down payment assistance program, run by Nevada Housing Division. Numbers and eligibility reflect the program's published 2025 guidelines.
Home Is Possible (HIP) Plus
Grant (no repayment)- Maximum assistance
- Up to 5% of loan amount as a grant
- Income limit
- Up to $135,000
- Home price limit
- Up to $766,550
- First-time buyer
- Not required
- Eligible loan types
- FHA, VA, USDA, Conventional
- •Grant has no repayment requirement.
- •Home Is Possible for Heroes adds extra benefits for teachers, military, first responders.
How Nevada DPA fits into your purchase
Down payment assistance reduces the cash you need at the closing table. Nevada's Home Is Possible (HIP) Plus pairs with the standard FHA, VA, USDA, or conventional first mortgage from a participating lender; the DPA flows through the same closing.
Two things to budget for: most state DPA requires a homebuyer-education course (typically online, 6-8 hours, ~$75) and you usually have to use a lender on the agency's approved list. The agency keeps the list public on its website.
Common questions
Nevada's primary statewide DPA is Home Is Possible (HIP) Plus from Nevada Housing Division. Up to 5% of loan amount as a grant. Many Nevada cities and counties also run additional DPA layered on top.
No. The Home Is Possible (HIP) Plus is open to both first-time and repeat buyers, subject to income and home-price limits.
Yes. Home Is Possible (HIP) Plus works with these loan types: FHA, VA, USDA, Conventional. The DPA is layered behind your first mortgage as a separate lien (or grant), and both close together.
No. A grant has no repayment requirement, so it is not counted as debt for DTI purposes.
A grant is yours to keep with no payback obligation.