Nevada Housing Division
NHD offers the following program to provide homebuyers under its First Time Homebuyer Program with down payment and closing cost assistance.
-
Provides up to $10,000 in assistance
-
Offers a fixed interest rate (2.00% above that of the first loan), 20-year loan
-
Income limits mirror the Maximum Income Limits for Non-Targeted Areas and the Maximum Income Limits for Targeted Areas established for the First Time Homebuyer Program
Non-Targeted Areas
Maximum Income Limits
(Household income may not exceed)
(Household income may not exceed)
|
County
|
1-2 Persons
|
3+ Persons
|
|
Clark
|
$76,680
|
$89,460
|
|
Washoe
|
$83,400
|
$97,300
|
|
Elko
|
$66,500
|
$76,475
|
|
Carson City
|
$75,720
|
$88,340
|
|
Douglas
|
$86,640
|
$101,080
|
|
Humboldt
|
$66,100
|
$76,015
|
|
Storey
|
$83,400
|
$97,300
|
|
Lander
|
$64,700
|
$74,405
|
|
All Others
|
$64,500
|
$74,175
|
Targeted Areas
Maximum Income Limits
(Household income may not exceed)
(Household income may not exceed)
|
County
|
1-2 Persons
|
3+ Persons
|
|
Clark
|
$77,400
|
$90,300
|
|
Washoe
|
$83,400
|
$97,300
|
|
Elko
|
$79,800
|
$93,100
|
-
Purchase price limits mirror the Maximum Purchase Price Limits for Non-Targeted Areas and the Maximum Purchase Price Limits for Targeted Areas established for the First Time Homebuyer Program
Non-Targeted Areas
Maximum Purchase Price Limits
|
County
|
New Construction or Existing
|
|
Clark
|
$360,000.00
|
|
Washoe
|
$429,619.00
|
|
Carson City
|
$358,875.00
|
|
Douglas
|
$429,619.00
|
|
Nye
|
$292,500.00
|
|
Elko
|
$292,500.00
|
|
Lyon
|
$298,125.00
|
|
All Others
|
$237,031.00
|
Targeted Areas
Maximum Purchase Price Limits
|
County
|
New Construction or Existing
|
|
Clark
|
$440,000.00
|
|
Washoe
|
$525,090.00
|
|
Elko
|
$357,500.00
|
-
Restricts assets, after closing, to $5,000 including, without limitation, cash, savings accounts, stocks, bonds and equity in real property
-
Requires a homebuyer to successfully complete a First Time Homebuyer Education Course
-
Application is made through Participating Lending Institution simultaneously with the application for the First Time Homebuyer Loan
Quick Quote
