Every Nevada Down Payment Assistance Program Explained (2026 Guide)

One of the biggest barriers to homeownership is the down payment. Many buyers in Las Vegas and Henderson assume they need 20% down to purchase a home — but that's simply not true. Nevada offers some of the most generous down payment assistance programs in the country.

If you are buying for the first time, or you have not owned a home in three years, several programs can get you into a home with little to no money down.

Home Is Possible (HIP) Program

The Home Is Possible program, administered by the Nevada Housing Division, offers up to 5% of the loan amount in down payment assistance. This is available as a second mortgage that doesn't require monthly payments if you stay in the home. Key requirements include a minimum credit score of 640, income limits based on county, and completion of a homebuyer education course.

Home First Down Payment Assistance

Home First offers up to $15,000 in down payment and closing cost assistance for first-time homebuyers in Clark County. This program is structured as a forgivable loan over five years. You must be a first-time buyer (or not have owned a home in 3 years), meet income requirements, and purchase a home within Clark County.

FHA Loans with Down Payment Assistance

FHA loans require only 3.5% down with a credit score of 580 or higher. Combined with Nevada's assistance programs, many buyers can purchase a home with zero out-of-pocket costs. FHA loans are also more flexible with credit requirements and allow gift funds for the down payment.

ITIN Loans for Non-Traditional Buyers

If you don't have a Social Security Number, ITIN loans allow you to purchase a home using your Individual Taxpayer Identification Number. While these typically require a larger down payment (10-20%), they open the door to homeownership for many families who thought buying was impossible.

Gift Funds and Self-Employed Programs

Some loan programs allow 100% of the down payment to come from gift funds — meaning a family member can help you buy your home. Additionally, there are specialized programs for self-employed borrowers who may not have traditional W-2 income documentation.

At Team Luz Rodriguez, we specialize in helping buyers navigate these programs and find the best path to homeownership. Contact us today for a free consultation.