Home Means Nevada Rural Down Payment Assistance

Lender & Realtor New Program Resources

The Home Means Nevada Rural Down Payment Assistance program opens the door to:
• $15,000 in forgivable down payment assistance
• 30-year fixed-rate competitive mortgages
• Visit HALRates.org for rates and HALMap.org for eligible areas

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

Home Means Nevada Rural Down Payment Assistance 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, rural homebuyers
• Homebuyer education is required. Complete Homebuyer Education here.

How to Apply for Home Means Nevada Rural Down Payment Assistance
• Step 1: contact an approved lender at FindANevadaLender.org.
• Step 2: Tell your lender that you want to buy a home using Home Means Nevada Rural Down Payment Assistance. Pro-tip: Ask your lender if you are also qualified for the Mortgage Credit Certificate.
• If you need support please email us at HAL@NVRural.org

*Home Means Nevada Rural Down Payment Assistance, 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. 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.