Buy in Nye Homeownership Program

Lender & Realtor New Program Resources

The Buy in Nye Program opens the door to:
• Two forgivable Down Payment Assistance (DPA) options with 30-year fixed-rate mortgages offered exclusively in Nye County:
Option 1) $16,000 DPA
Option 2) $5,000 DPA
• Visit HALRates.org for options and rates

Pair it with the MCC for the following benefits:
• The Mortgage Credit Certificate (MCC) helps first-time buyers and qualified veterans obtain mortgage tax credits for the life of the loan
• MCC increases qualifying income and lowers debt-to-income ratios which help more homebuyers get approved for a home mortgage. For example, a $345,000 mortgage at 6.50% interest generates an estimated $371 in additional monthly income*.
• Visit HALMCC.org for more information

Buy in Nye Eligibility
• Household income limit is 300% of Federal Poverty Guidelines. Income limit for household size of 2 is $54,930. Add $14,160 for each additional household member.
• At least one borrower must have a minimum 6-month Nevada residency
• First-time buyers only
• Homebuyer education is required. Complete Homebuyer Education here.

How to Apply for the Buy in Nye program
• Homebuyers must use an approved lender. Search for your local approved lender at FindANevadaLender.org.
• Tell your lender that you want to buy a home using the Buy in Nye program. Pro-tip: Ask the lender if you are also qualified for the Mortgage Credit Certificate.
• If you need support please email us at HAL@NVRural.org

Connect with a program guide TODAY!
Nevada Rural Housing is proud to offer a community of participating lenders and real estate agents who are ready to assist homebuyers. Check out some of our partners below who know the ins and outs of the Buy in Nye program, and are awaiting your call or message!

Note: Any participating licensed lender may determine eligibility and qualify borrowers. View a list of participating lenders here.

Loan Officers

Real Estate Agents

*Buy in Nye, a program of the Nevada Rural Housing Authority does not originate mortgage loans. Eligibility for the homeownership programs is determined by participating licensed lenders who are responsible to follow all program and loan agency guidelines and reserve rates published with eHousingPlus. Interest rates vary based on amount of assistance provided. Not all applicants will qualify. All MCC holders or applicants should consult their own tax advisor or the Internal Revenue Service for guidance regarding the calculation of the tax credit benefit. Example savings figures are estimates and for illustrative purposes only.