Carson City – First Time Home Buyer Programs

The Nevada Housing Division office in Carson City offers down payment assistance with a program called Home is Possible (“HIP”). This program allows Carson City home buyers who qualify to receive up to 5% of the loan amount towards down payments or closing costs. For example, with a $250,000 loan amount, this program would offer a grant of up to $12,500 to be used towards down payment and closing costs – with no repayment required.

Benefits – Home Is Possible for Carson City Down Payment Assistance

• HIP down payment assistance is available for Carson City and also statewide.
• Receive up to 5% of the loan total for down payment or closing costs.
• Attractive 30 year interest rates for conventional and government loan types (FHA, VA)
• HIP grants can be combined with Federal Income Tax Rebates through Mortgage Credit Certificate (MCC) Program.
• This program is for anyone buying a home in Carson City that qualifies under the program requirements as listed below.
• Grant do not have to be repaid.

Requirements – Home Is Possible for Carson City Down Payment Assistance

• You must occupy the home to be purchased in Carson City as a primary residence.
• Your income is below $95,500.
• Desired homes purchase price is under $400,000. Check out all qualifying Carson City home listings.
• Your credit score is a minimum of 640.
• You meet government or conventional requirements for underwriting.
• You attend a required home buyer course.
• Pay the one-time fee of $675.

Get Started! Complete the form below to see if you qualify for this program.

Carson City Home Buyer Programs