Down payment and closing cost assistance programs may help eligible Nevada buyers get into a home sooner. Learn what options could be available and request your free Nevada Down Payment Assistance Guide.
ASSISTANCE OVERVIEW
Down Payment Help May Be Closer Than You Think
Across Nevada, a range of state, local, and lender-offered programs may help eligible homebuyers with down payment and closing costs. Options can include grants, deferred or forgivable second loans, and other forms of assistance, each with its own eligibility guidelines. We'll help you understand which programs may fit your situation.
Program availability, terms, and eligibility vary and are subject to change. This is a privately operated mortgage lending website, not a government agency.
CMG FHA Buyer’s Choice Down Payment Assistance
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Potential assistance: The draft describes CMG FHA Buyer’s Choice options with 3.5% assistance, and a 5% option in certain repayable structures.
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One option may be forgivable after five years if conditions are met; another is repayable and may include monthly payments.
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FHA purchase-loan, primary-residence, underwriting, credit, pricing, and refinance restrictions apply.
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Verify current terms before relying on this information.
Nevada Housing Division — Home Is Possible
Potential assistance: Up to 5% of the loan amount is cited in the draft.
Generally open to eligible Nevada homebuyers; first-time buyer status may not be required.
Published terms include an income limit and a non-automatically-forgivable second mortgage.
Verify current product terms, income limits, and repayment rules.
Compare Your Options
Nevada Down Payment Assistance at a Glance
Several assistance programs may help with your down payment, and each one has its own rules. Here’s a simple look at a few options. Who qualifies differs from program to program.
Home Is Possible for Teachers
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Potential assistance: $7,500 is cited in the draft for eligible Nevada licensed full-time public-school K–12 teachers.
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Published terms include a generally 640 minimum score, an income limit, and five-year forgiveness conditions.
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Availability depends on current funding and reservations.
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Verify all current requirements.
Program availability, funding, eligibility, pricing, and loan terms are subject to change. Verify current terms before relying on any program information.
Chenoa Fund Down Payment Assistance
Potential assistance: 3.5% or 5% of the lower of the purchase price or appraised value is cited in the draft.
Qualifying FHA primary-residence purchases may be eligible; first-time buyer status may not be required.
Options may include a repayable second mortgage or a 0% forgivable second, subject to program terms and payment history.
Verify current guidelines, counseling, loan-size limits, and eligibility.
HOW QUALIFYING WORKS
Who May Qualify: A Step-by-Step Look
Every program sets its own requirements. These general steps outline what is typically reviewed. Specific program criteria will be confirmed before this page goes live.
01
Review Your Homebuying Goals
Many programs focus on primary residences in Nevada. We start by understanding where and how you plan to buy.
02
Consider Household Income
Some programs may use income limits that vary by county and household size. [Program-specific limits to be verified.]
03
Check Credit and Loan Eligibility
Assistance is usually paired with a qualifying first mortgage, so credit and loan requirements apply. [Details to be verified.]
04
Complete Any Required Steps
Some programs may require homebuyer education or other steps. We'll walk you through what applies to your situation.
Eligibility is not guaranteed. Program availability and requirements are subject to change. This is a privately operated mortgage lending website, not a government agency.
FREE GUIDE
Get Your Free Nevada Down Payment Assistance Guide
Tell us where to send it. You'll get a clear guide to assistance options Nevada homebuyers may be able to use, plus next steps for getting started.
This is a privately operated mortgage lending website, not a government website. Submitting this form doesn't commit you to anything or guarantee program eligibility.
MEET YOUR LOAN OFFICER
Expertise.
Driven by Care.
I believe the right home financing strategy can do more than help you purchase a home—it can help build a stronger financial future.
With 25 years in mortgage lending and a service philosophy shaped by my early hospitality career with the Four Seasons, I take pride in listening first, understanding your goals, and finding financing solutions that make sense for you.
My approach is personal, thoughtful, and straightforward. I'll help you understand your options, know what to expect, and move forward with confidence.
Above all, I want you to look back on our time working together and know you're better off because of it.
The Vegas Loan Guy I John Paul Mulchay | NMLS #375868
Questions & Answers
Frequently Asked Questions
Is this a government website?
No. This page is operated by a private mortgage lending professional and is not affiliated with or endorsed by any government agency. We help homebuyers understand and apply for assistance programs that may be available.
What is down payment assistance?
Down payment assistance refers to programs that may help eligible buyers cover part of their down payment or closing costs. Program types, terms, and availability vary and can change over time.
Do I have to be a first-time homebuyer?
Not always. Eligibility requirements differ by program. A loan officer can review your situation and explain which options may apply to you.
Does requesting the free guide cost anything or commit me to a loan?
No. The guide is free and requesting it does not obligate you to apply for or accept any loan.
Am I guaranteed to receive assistance?
No. All assistance is subject to program guidelines, funding availability, and credit and income qualification. Not all applicants will qualify.