City of Dayton – First Time Home Buyer Programs

The City of Dayton offers down payment assistance with a program called HIP – Home is Possible (ran by the Nevada Housing Division). This program allows City of Dayton 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 requirement to pay back!

Benefits – Home Is Possible for the City of Dayton Down Payment Assistance

• HIP down payment assistance is available for the City of Dayton 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 the City of Dayton that qualifies under the program requirements as listed below.
• Grants do not have to be repaid.

Requirements – Home Is Possible for the City of Dayton Down Payment Assistance

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

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

City of Dayton Home Buyer Programs