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Down Payment Assistance
& Grants
You might not need 20% down. Explore local, state, and federal programs designed to make homeownership more accessible and affordable in Las Vegas.
Overcoming the Down Payment Hurdle
Saving for a down payment is often the biggest barrier to buying a home. Fortunately, there are dozens of programs available to Nevada residents—ranging from forgivable grants to low-interest secondary loans—that can help cover down payment and closing costs.
Grants
Funds provided to assist with your purchase that typically do not need to be repaid.
Forgivable Loans
Second mortgages that are forgiven over a set period of time as long as you stay in the home.
Zero-Down Loans
Specific loan types (like VA and USDA) that allow you to purchase with absolutely no down payment.
Nevada State & Local Programs
Programs specifically designed to help Las Vegas and Nevada residents achieve homeownership.
Home Is Possible™
The Nevada Housing Division offers the Home Is Possible program, providing bonus money (up to 5% of the loan value) to help cover down payment and closing costs. This money does not need to be repaid.
- Must meet income and purchase price limits.
- Minimum credit score usually required (around 640).
- Must complete a homebuyer education course.
Home At Last™
Offered by the Nevada Rural Housing Authority, this program provides down payment assistance in the form of a forgivable loan (forgiven after 3 years). It can be paired with VA, FHA, USDA, or conventional loans.
- Available in rural areas (includes parts of Clark County outside Vegas/Henderson city limits).
- No first-time homebuyer requirement.
Federal Zero-Down & Low-Down Programs
National loan programs that significantly reduce or eliminate the need for a down payment.
VA Loans (0% Down)
Available to active-duty military, veterans, and eligible surviving spouses. VA loans require absolutely no down payment and no private mortgage insurance (PMI), making them one of the most powerful loan products available.
Learn More →USDA Loans (0% Down)
Designed to encourage rural development, USDA loans require zero down payment. While they have strict location requirements, some areas on the outskirts of the Las Vegas valley may qualify.
Learn More →FHA Loans (3.5% Down)
Backed by the Federal Housing Administration, these loans require just 3.5% down and have much more flexible credit requirements than conventional loans, making them ideal for many first-time buyers.
Learn More →Conventional 97 (3% Down)
Fannie Mae and Freddie Mac offer conventional loan programs that require only a 3% down payment for first-time homebuyers with strong credit scores.
Learn More →Find Out What You Qualify For
Navigating down payment assistance programs can be complex. Let our trusted lending partners review your situation and find the best program to maximize your buying power.
