Home Purchase

Nevada Housing Division (NHD), a division of the Department for Business and Industry, was created by the Nevada Legislature in 1975 when it was recognized a shortage of safe decent, and sanitary housing existed throughout the State for persons and families of low- and moderate income. The Housing Division has been a leader in creating affordable housing opportunities.

Established by the State of Nevada in 2014, the Home Is Possible Down Payment Assistance Programs help homebuyers receive down payment and closing cost assistance of up to 5% of the home loan value. That is thousands of dollars for a one-time fee of just $755 (paid at closing). When you qualify, you can use the money for your down payment or closing costs. For additional information on the key benefits and program requirements visit www.homeispossiblenv.org.

Home is Possible, a Program for Heroes, designed specifically for veterans and military personnel provides more buying power and even more opportunities to experience the joys of homeownership–for less. If you’re a veteran who has been honorably discharged, are in the National Guard, are a surviving spouse or you’re on active military duty, Home Is Possible for Heroes was made specifically for you. For additional information on the key benefits and program requirement visit: www.homeispossiblenv.org.

The NHD has teamed with Freddie Mac to provide a robust free online homebuyer education course with worksheets that can be downloaded; along with video, audio and text-style learning along with interactive quizzes. The course covers credit requirement, budgeting and what to expect during the home buying process. This course can be completed at your own pace. To be eligible for a Home Is Possible loan all borrowers are required to complete an approved homebuyer education class and provide a completion certificate to their lender.