Realty One Group - Shannon Smith Group


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Home is Possible

Helping Nevadans Feel at Home

Home is Possible grant program helps make the dream of home ownership a reality for qualified Nevadans. Focused on homebuyers in Washoe and Clark Counties, the grant provides up to 4% of a loan’s value for down payment and closing costs. The grant never needs to be repaid.

Key Benefits

  • Fixed interest rate 30-year loan – current rate click here
  • No first-time homebuyer requirement
  • Grant is non-repayable
  • Must be homebuyer’s primary residence
  • No asset limits for homebuyers
  • Provides a grant up to 4% of the home loan amount that can be used for down payment assistance and/or closing costs

Program Requirements

  • Minimum credit score of 640 for government insured loans, 660 for manufactured homes and 680 for most conventional loans
  • Qualifying income on mortgage application must be below $95,500
  • Home price below $400,000
  • Homebuyer education course required
  • Must meet normal government or conventional loan underwriting requirements

How to Get Started

  • Find an an approved lender (link below)
  • Complete homebuyer paperwork with the lender – only one additional signature required
  • Approved Lenders

Please complete the form below. One of our approved agents will contact you and inform you if you qualify, or tell you the steps you need to take so you can qualify within six months.