Achieve your dream of home-ownership and let Hope bring You Home!
Hope Brings You Home is a new down payment assistance (DPA) program available to most of Southern Nevada (click for list of zip codes), focusing on area still considered distressed fro the housing crisis.
This first come, firest served program will operate until $36 million in funds are distributed.
Nevada Affordable Housing Assistance Corp (NAHAC), administrator of the Nevada Hardest Hit Fund®, has partnered with the Nevada Housing Department to administer Hope Brings You Home and make these funds available to Nevadans who can benefit.
Down Payment Assistance of 10% up to $20,000 of the Purchase Price!
For down payment and /or closing costs.
Forgivable after three years (if you stay in your home)
Attractive 30 year fixed rate loan
FICO Scores as low as 640 to 660
FHA, VA, USDA, HFA Preferred Conventional and Conventional Loan Options Available
Program Available for Select Areas in Southern Nevada
Existing single-family properties including town homes, condos and manufactured homes. No new construction.
Purchase Price under $400,000
Income under $98,500
Debt Ration 45% (FHA, VA, & USDA) Debt Ratio 50% (HFA Preferred Conv)
Minimum Credit Score 660 (FHA) 640 All other loan types
Home-buyer Education Required
Must live in the home as primary residence
Borrower cannot have ownership interest in another property
Some restrictions apply, not available in all area Income limits apply. Down payment assistance is in the form of deferred forgivable second lien after 3 years. Not all programs offer all features. Some program restrictions and requirements apply.