Nevada Will Help Cover Your Down Payment
Home Is Possible is a real, state-run program that can put thousands toward your down payment and closing costs — and most first-time buyers have never heard of it. Here's exactly how it works.
Saving for a down payment is the single biggest hurdle for most first-time buyers — and Nevada runs a statewide program to help with exactly that. It's not a rumor or a gimmick. It's administered by the Nevada Housing Division, and Clark County buyers use it every month.
Help getting through the door. Home Is Possible exists to close the down-payment gap for Nevada buyers.
Four Numbers From the Program
What Home Is Possible Actually Offers
Home Is Possible (HIP) pairs a 30-year, fixed-rate first mortgage with a second loan worth up to 4% of your total loan amount, which you can put toward your down payment, closing costs, or both. It works alongside FHA, VA, USDA, and conventional loans through participating Nevada lenders.
Here's the detail most third-party guides get wrong: the assistance is interest-free, but it is not a grant. The Nevada Housing Division's own program page describes it as "30 year non-forgivable" — meaning it's a real second loan you repay over time, just without interest charged on it. That's still a meaningful advantage over financing the same amount at a normal mortgage rate, but it's not free money you can forget about.
Real numbers, real limits. HIP has income and price caps — knowing yours upfront saves time.
Eligibility, in Plain English
The Basics Line Up
- You haven't owned a home in the past 3 years (first-time buyer, by this definition)
- Your credit score is 640 or higher (660 for manufactured homes)
- You'll live in the home as your primary residence
- Your household income and home price fall under your county's limits
Know Your Ceiling
- Maximum home price: $566,354
- Maximum income, 1–2 person household: $105,500
- Maximum income, 3+ person household: $121,325
- Limits are set annually and vary by county — always confirm before you plan
Home Is Possible For First-Time Homebuyers offers interest-free down-payment assistance with a competitive interest rate to give buyers more buying power.— Nevada Housing Division, Home Is Possible Program
A few steps, real help. The application runs through a participating lender, not the buyer directly.
How to Actually Use It
Southern Nevada Office
3300 W. Sahara Ave., Suite 425, Las Vegas, NV 89102. Find an approved lender and current income & price limits at homeispossiblenv.org.
Buyers & Sellers, Take Note
◆ If You're Buying
- Check your county's limits early. Income and price caps vary by county and household size — know yours before you start touring.
- Budget for repayment. The assistance is interest-free, but it's still a loan — factor it into your long-term monthly picture.
- Pair it with your agent's search. Give your Legacy agent your price cap so every showing is realistically financeable.
◆ If You're Selling
- Know your buyer pool. If your home is priced near or under the county cap, HIP-eligible buyers are a real segment of your market.
- Understand HIP-backed offers. These buyers are pre-approved through a structured program — often a sign of a well-prepared purchase.
- Ask your agent about it. A home priced just over the cap could miss an entire pool of qualified, motivated buyers.
Wondering If You Qualify?
Legacy Real Estate Group works with Nevada buyers every day to figure out what assistance programs actually fit their situation.
Sources: Nevada Housing Division, Home Is Possible program pages (homeispossiblenv.org), including program benefits, requirements, and county-level income & purchase price limits active as of June 15, 2026. Figures are subject to change — confirm current terms with a participating HIP lender before relying on them.
This article is for general educational purposes only and is not financial or lending advice. Consult a participating lender for your specific eligibility. Legacy Real Estate Group is committed to the letter and spirit of U.S. policy for equal housing opportunity.