The Nevada Housing Division offers Home is Possible grants for up to 5% of the mortgage amount in order to help cover the costs of closing and the down payment. This program is available statewide and can be used in combination with the Mortgage Credit Certificate program.
In order to be eligible, applicants must have a minimum credit score of 640 (for government loans) or 680 (for conventional loans). Applicants cannot earn more than $98,500 (as of 2020).
Applicants will also be required to finish a homebuying education class and pay a fee of $675.
This program can only be used to purchase primary residences, and the property cannot have a price higher than $400,000 as of 2020.
Other programs in Nevada: