Nevada homebuyers can access up to $16,800 in down payment assistance through the Nevada Housing Division. On the state's $418,349 median home price, that covers roughly 20% of a standard 20% down payment.
Primary Program: Home Is Possible Down Payment Assistance
maximum assistance
True grant — no repayment ever. This money does not need to be paid back under any circumstances.
- Administering Agency
- Nevada Housing Division
- Purchase Price Cap
- $481,176
- Repayment Required
- N/A — this is a true grant.
How Down Payment Assistance Works
Most state DPA programs are layered on top of a first mortgage — you apply through an approved lender who originates both the primary loan and the DPA second lien at the same closing. The DPA funds reduce the cash you need upfront.
Grants
Free money — no repayment ever. Typically the smallest amounts but highest value.
Forgivable Loans
Balance forgiven after a set period (usually 3–15 years) if you stay in the home. Selling early triggers repayment.
Deferred Loans
No monthly payments. Balance due when you sell, refinance, or pay off your mortgage.
Down Payment Calculator
Down Payment Planner
Nevada median pre-loaded
Your Savings Plan
Timeline
14.0 yrs
saving $500/mo
No PMI at 20% down
20% or more avoids private mortgage insurance entirely.
Estimate only — does not include investment returns on savings.
Full Calculator →Frequently Asked Questions
What down payment assistance is available in Nevada?
Nevada's primary DPA program is the Home Is Possible Down Payment Assistance, administered by the Nevada Housing Division. It provides up to $16,800 as a grant. True grant — no repayment ever. This money does not need to be paid back under any circumstances.
How much down payment do I need in Nevada after using DPA?
On a $418,349 home (Nevada median), a 20% down payment is $83,670. With the Home Is Possible Down Payment Assistance covering $16,800, your remaining gap would be $66,870. Many buyers combine DPA with a 3–5% conventional or FHA loan to reduce their cash needed further.
Do I have to repay Nevada down payment assistance?
True grant — no repayment ever. This money does not need to be paid back under any circumstances.
Can I combine Nevada DPA with other assistance programs?
Yes — Nevada's DPA programs can generally be combined ("stacked") with local city and county assistance programs, employer homebuyer benefits, and federal programs. Check with an approved lender or HUD-approved counselor to identify all programs you qualify for.
What are the income limits for Nevada down payment assistance?
The Home Is Possible Down Payment Assistance uses a dollar-based income limit rather than a percentage of AMI. Check the Nevada Housing Division website for current limits in your area.
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