Saving for a down payment is the top hurdle for Las Vegas buyers, but Nevada offers real help. The Nevada Housing Division’s Home Is Possible program provides up to 4% of the loan amount for first-time buyers and up to 5% on its repeat-buyer track.
In Clark County, the first-time track has income limits of $105,500 for households of two or fewer and $121,325 for three or more. Most programs require a 640 credit score.
There is also HIP For Teachers, which offers $7,500 to licensed full-time K-12 public school teachers and can be forgiven after five years.
Read the fine print. Many of these funds are interest-free second loans, not grants, and must be repaid when you sell or refinance. Program funding and terms change often, so confirm before you count on them.
Some programs can also be paired with FHA, VA or conventional loans, so you do not have to give up the loan type that fits you best overall.
The Parent Team works with these programs and can check your eligibility in one conversation. Ask Derek which option lowers your cash to close the most.