1. Nevada Housing Division – Home Is Possible (HIP)
One of the most popular programs in Nevada.
Current highlights:
Up to 2%–4% of the loan amount for down payment / closing costs
Available with FHA, VA, USDA, and Conventional loans
First-time buyer definition = no home ownership in last 3 years
Minimum credit score often around 640 (varies)
2. Nevada Housing Division – Home First Program
Great newer option for first-time buyers.
Current highlights:
$15,000 down payment assistance
Forgivable after 3 years if you stay in the home
Purchase prices up to program limits (example shown up to $570,000)
3. Nevada Rural Housing Authority – Home At Last
Excellent option for many buyers (not always first-time only).
Current highlights:
Assistance with down payment / closing costs
Can pair with FHA, VA, USDA, Conventional
Some versions forgivable after occupancy period
4. Middle-Income Buyer Grants
Some lenders in Nevada periodically receive funds for buyers earning too much for low-income programs.
Example:
Grants up to $50,000 were offered through participating lenders. Funds come and go based on allocations.
National Low Down Payment Loans (Can Combine With Assistance)
Federal Housing Administration FHA Loan
Only 3.5% down
Easier credit guidelines
U.S. Department of Veterans Affairs VA Loan
0% down for eligible veterans / military
United States Department of Agriculture USDA Loan
0% down in eligible rural areas
For Las Vegas Buyers Specifically
Many buyers in Las Vegas are using:
FHA + Home Is Possible
Conventional + Home First
VA + grant assistance
Seller closing cost credits + assistance layered together
That can dramatically reduce upfront cash needed.
Example
$400,000 condo with FHA:
3.5% down = $14,000
But with assistance, much of that may be covered depending on qualifications.
What You Usually Need
Credit score 620–680+ (depends on program)
Steady income
Debt-to-income within limits
Primary residence only
Homebuyer education class sometimes required
My Honest Advice (Las Vegas Market)
Right now many sellers are giving concessions again, so buyers can sometimes combine:
Down payment help + seller credits + negotiated price
That’s making 2026 a better opportunity than many people realize.
