Last updated: July 27, 2026 · Verified against Nevada Housing Division, HUD, FHA official data
Nevada First-Time Home Buyer Programs 2026: Home Is Possible 5% DPA
The Nevada Housing Division offers the Home Is Possible program — up to 5% of your loan amount in down payment assistance, at 0% interest with no monthly payments, fully forgiven after just 3 years. Combined with an FHA loan, you can buy a home in Las Vegas or Reno with $0 out of pocket.
Max DPA
5% of Loan
Min Credit
640
Interest
0%
Forgiveness
3 Years
⚠️ ATTENTION: NOT ALL LENDERS ARE APPROVED FOR HOME IS POSSIBLE
Don't Waste Time with the Wrong Lender — Most Are Not NV Housing-Approved
The Home Is Possible 5% DPA requires you to work with a Nevada Housing Division-approved participating lender. Using a lender that isn't certified means your DPA grant disappears — even if you qualify. Don't waste weeks in underwriting only to find out at closing. Match with a verified NV-approved lender right now:
| # | Lender | Rate | Fees | Min Credit | Close | Best For | Apply |
|---|---|---|---|---|---|---|---|
| #1 | Rocket Mortgage 🏆 BEST OVERALL | 6.50% | 0.5% | 640 | 21-30d | Best overall + fastest close | Apply → |
| #2 | One Nevada Credit Union 🏦 NV LOCAL | 6.45% | 0.5% | 640 | 30-45d | Best NV-local HIP expert (Las Vegas) | Apply → |
| #3 | Guild Mortgage 📋 DPA EXPERT | 6.55% | 0.5% | 640 | 30-40d | Best for Home Is Possible 5% DPA | Apply → |
| #4 | Fairway Independent ⭐ TOP RATED | 6.50% | 0.5% | 640 | 25-35d | Highest customer rating 4.7/5 | Apply → |
| #5 | New American Funding 🌵 RELOCATION | 6.55% | 0.5% | 640 | 30-40d | Best for CA→NV relocators | Apply → |
Rates shown are estimates for NV Housing first mortgage + DPA. Your actual rate depends on credit score, DTI, and loan type. Compare personalized rates →
How Home Is Possible DPA Works in 2026
The Nevada Housing Division offers two main programs for first-time and repeat buyers. Both include below-market first mortgage rates plus DPA:
For first-time and repeat home buyers. Includes below-market rate + DPA.
- ✓Up to 5% of loan amount in DPA
- ✓0% interest — no interest ever, no monthly payments
- ✓Forgiven after 3 years of occupying the home
- ✓Below-market 30-year fixed rate
- ✓Available with FHA, VA, USDA, Conventional
- ✓Min 640 credit score
Enhanced program for veterans, active military, teachers, nurses, and first responders.
- ★Up to 5% DPA + additional grant bonus
- ★0% interest — no interest ever
- ★Forgiven after 3 years
- ★Below-market 30-year fixed rate
- ★Available with FHA, VA, USDA, Conventional
- ★For veterans, military, teachers, nurses, first responders
Real Example: Buying a $400,000 Home in Las Vegas with Home Is Possible
With Home Is Possible + FHA
- Home price: $400,000
- FHA down payment (3.5%): $14,000
- HIP 5% DPA ($19,000): -$19,000
- Your out-of-pocket: $0 (DPA covers all!)
- Plus $5,000 left for closing costs!
Monthly Payment Estimate
- First mortgage (HIP FHA, 6.25%): $1,961/mo
- FHA MIP: $167/mo
- Property taxes (NV avg 0.51%): $170/mo
- Homeowners insurance: $110/mo
- DPA payment: $0/mo (forgiven after 3 yrs)
- Total: ~$2,408/month
Nevada Housing Income Limits & Purchase Price Limits 2026 by County
| County / Region | 1-2 Person | 3+ Person | Max Purchase Price |
|---|---|---|---|
| Clark County (Las Vegas) | $98,000 | $112,000 | $510,400 |
| Washoe County (Reno) | $95,000 | $109,000 | $510,400 |
| Carson City | $85,000 | $98,000 | $481,350 |
| Douglas County (Gardnerville) | $85,000 | $98,000 | $481,350 |
| Elko County (Elko) | $82,000 | $94,000 | $425,000 |
| Nye County (Pahrump) | $82,000 | $94,000 | $425,000 |
| Lyon County (Fernley) | $82,000 | $94,000 | $425,000 |
| Most Rural NV Counties | $78,000 | $89,000 | $384,000 |
Income limits based on Nevada Housing Division 2026 guidelines. Check approved lenders for your exact county limits.
Compare NV Housing-Approved Lenders in 60 Seconds
Get quotes from 5+ NV Housing-approved lenders. Soft pull, no credit impact, no obligation.
Compare NV Lenders →5 Steps to Buy a House in Nevada with Home Is Possible DPA
Complete Homebuyer Education
Take a HUD-approved 8-hour homebuyer education course. Available online through Nevada Housing Division's approved providers (~$75-99). You receive a certificate valid for 1 year.
Get Pre-Approved with a NV Housing-Approved Lender
Home Is Possible must be processed through an approved lender. There are 40+ approved lenders statewide. They will determine your eligibility and the maximum DPA you qualify for.
→ Find NV Housing-approved lenders near you →Choose Your Loan Type
Work with your lender to select FHA (3.5% down, 640 score), VA (0% down, veterans), USDA (0% down, rural areas), or Conventional (3% down, 640+ score). FHA + HIP 5% DPA is the most popular combination — covers the entire 3.5% down plus closing costs on homes up to $285,000.
Find Your Home & Make an Offer
Shop within the purchase price limits for your county. The home must be your primary residence. Single-family homes, condos, and townhomes qualify. No investment properties.
Close on Your New Home
NV Housing adds about 1 week to the typical closing timeline. Budget 35-50 days total. Your lender handles all Nevada Housing paperwork. The DPA is recorded as a second lien at closing — live in the home for 3 years and it's fully forgiven. Free money.
Frequently Asked Questions
What is the Home Is Possible program in Nevada?
Does Nevada Home Is Possible DPA have to be repaid?
What is the maximum income for Home Is Possible 2026?
What credit score do I need for Home Is Possible?
Can I use Home Is Possible with FHA, VA, or USDA loans?
Related Guides
Get Pre-Approved for Home Is Possible DPA
Check your eligibility and get matched with a NV Housing-approved lender near you.
Check Eligibility Free →Free · No SSN required · See if you qualify for 5% DPA