Program Rates & Options
Rates as of March 25, 2025
Home At Last™ Advantage
| Borrower Assistance | FHA, VA, & USDA Loans | Conventional Loans – Income Below 80% AMI | Conventional Loans (Fannie Mae) – Income Above 80% AMI |
| 0% – No DPA | 6.625% | 6.750% | 6.875% |
| 1% of Loan Amount | 7.125% | 7.125% | 7.250% |
| 2% of Loan Amount | 7.625% | 7.375% | 7.500% |
| 3% of Loan Amount | N/A | 7.750% | 8.000% |
| 4% of Loan Amount | N/A | N/A | N/A |
NOTE: Information is provided as a courtesy only. Participating lenders will determine borrower eligibility and must follow all program, U.S. Bank, and loan agency guidelines, and complete reservations with the rates published with eHousingPlus. Rates are subject to change without notice.
Launchpad for First-Time Homebuyers – NEW!
| Borrower Assistance | FHA, VA, & USDA Loans | Conventional Loans - Income Below 80% AMI |
| 2% of Loan Amount | 6.500% | 6.750% |
| 4% of Loan Amount | 6.750% | 7.000% |
Launchpad – NEW!
| Borrower Assistance | FHA, VA, & USDA Loans | Conventional Loans - Income Below 80% AMI | Convention Loans - (Fannie Mae) Income Above 80% AMI |
| 3% of Loan Amount | 7.125% | 7.250% | 7.375% |
| 5% of Loan Amount | 7.250% | 7.500% | 7.625% |
Are you looking for the Mortgage Credit Certificate (MCC) program? Go here.
Are you a homebuyer looking for a lender? Find one here.
Program Requirements Snapshot
Credit Score Requirements for All Loan Programs
- Purchases:
- 640 (680 for manufactured homes)
- Refinances (Refinancing is permitted with the Home At Last™ program only):
- 640 (680 for manufactured homes)
- Maximum Debt-to-Income (DTI) Ratios:
- Conventional loans: 50%
- Government Loans with credit scores between 640-679: 45%
- Government Loans with credit scores 680+: 50%
- All manufactured home loans: 45%
- Refer to the Administrator's Guidelines for additional information
Income Limits
Home At Last™ and Launchpad Programs (see below for Launchpad for First-Time Homebuyer Limits):
- $165,000, unless the loan agency has more restrictive limits
- USDA RD loans have different income limits based on household size - all USDA RD loans meet the program income eligibility requirements, even if the household income exceeds $165,000
- For Conventional loans, if borrower income is 80% or less of the Area Median Income (AMI) charter-level mortgage insurance will apply on Fannie Mae or Freddie Mac Conventional loans, and the first mortgage rate will be lower than for Conventional loans with borrower income exceeding 80% AMI. The 80% AMI limits by County are posted below, or you can use the Fannie Mae AMI Lookup Tool or Freddie Mac AMI Lookup Tool.
| County | 80% AMI Limit |
| Carson City | $74,800 |
| Churchill | $75,680 |
| Clark | $67,120 |
| Douglas | $78,640 |
| Elko | $85,360 |
| Humboldt | $77,120 |
| Lander | $87,680 |
| Storey | $83,520 |
| Washoe | $83,520 |
| White Pine | $74,960 |
All Other Counties | $74,000 |
Launchpad for First-Time Homebuyers Program:
Non-Targeted Area Income Limits
For targeted area information and limits, go here.
| County | Max. Income for Households | Max. Income for Households with 3+ People |
| Carson City | $93,081 | $107,043 |
| Churchill | $95,200 | $109,480 |
| Clark | $95,200 | $109,480 |
| Douglas | $120,840 | $140,980 |
| Elko | $106,500 | $122,475 |
| Esmerelda | $94,800 | $109,020 |
| Eureka | $97,400 | $112,010 |
| Humboldt | $92,300 | $106,145 |
| Lander | $108,200 | $124,430 |
| Lincoln | $92,300 | $106,145 |
| Lyon | $92,300 | $106,145 |
| Mineral | $92,300 | $106,145 |
| Nye | $92,300 | $106,145 |
| Pershing | $92,300 | $106,145 |
| Storey | $115,418 | $132,731 |
| Washoe | $115,418 | $132,731 |
| White Pine | $95,200 | $109,480 |
Purchase Price Limits
- Home At Last™: No limit (Agency guidelines apply)
- Launchpad: No limit (Agency guidelines apply)
- Launchpad for First-Time Homebuyers:
Non-Targeted Area Purchase Price Limits- For targeted area purchase price limits, go here.
| County | Max. Purchase Price |
| Carson City | $523,595 |
| Churchill | $510,939 |
| Clark | $510,939 |
| Douglas | $674,542 |
| Elko | $510,939 |
| Esmerelda | $510,939 |
| Eureka | $510,939 |
| Humboldt | $510,939 |
| Lander | $510,939 |
| Lincoln | $510,939 |
| Lyon | $510,939 |
| Mineral | $510,939 |
| Nye | $510,939 |
| Pershing | $510,939 |
| Storey | $636,805 |
| Washoe | $636,805 |
| White Pine | $510,939 |
Loan Limits
- Lenders must follow loan agency limits, as applicable. The current loan limits are:
- FHA Loans:
- VA & USDA Loans:
- No limit
- Conventional Loans: Conforming Loan Limit Map.
- $806,500
- Jumbo loans are not permitted
Loan amounts for the Launchpad Homeownership Programs may not exceed the limits established by loan agency.
Second Mortgage Details
- Home At Last Program:
- 30-year forgivable term with no interest and no scheduled payments
- Assistance is forgiven at the end of the 30-year term (not prorated)
- If a borrower sells, refinances, or prepays the first mortgage prior to the end of the 30-year term, the original amount of down payment assistance is repayable to Nevada Rural Housing
- Launchpad Homeownership Programs:
- 30-year deferred second mortgage with no interest
- Assistance is never forgiven and is repayable if the borrower sells or refinances, ceases to live in the property, or at the end of the 30-year term.
First Mortgage Details
All Programs:
- All first mortgages are for a term of 30 years with a fixed rate established by Nevada Rural Housing
- Mortgage rates are determined by program, loan type, and amount of assistance provided
- Mortgage options with down payment assistance will include a second mortgage for the amount of the assistance - refer to the Second Mortgage Details section for additional information.
- Launchpad Homeownership Programs will remain open until program funding has been fully obligated.
Mortgage Tax Credits
Nevada Rural Housing offers the only Mortgage Credit Certificate (MCC) program in Nevada.
- For qualified borrowers, the MCC tax credit may be paired with the Home At Last™ and Launchpad programs offered by Nevada Rural Housing, or the MCC can be paired with any eligible non-program loan (referred to as a standalone MCC). The MCC cannot be paired with the Launchpad for First-Time Homebuyers program.
- The MCC may provide qualified borrowers with additional qualifying income to increase buying power and lower debt-to-income ratios to help more Nevadans qualify to buy a home of their own.
- MCCs are available for borrowers who have not owned a home in the previous 3 years, or who meet the definition of a qualified Veteran, or are purchasing in a targeted area.
- Click to view the MCC Income & Purchase Price Limits.
Lender Resources / U.S. Bank Guides
Rates shown are effective for the date indicated and subject to change without notice. Participating lenders are responsible to follow all program, U.S. Bank, and loan agency guidelines, and reserve loans at the rates published at eHousingPlus. Not all applicants will qualify. Home At Last™, Home Means Nevada Rural DPA, Buy in Nye, and Mortgage Credit Certificate (MCC) are programs of Nevada Rural Housing and separate guidelines will apply for each program. Nevada Rural Housing does not originate mortgage loans or determine eligibility. Borrower eligibility for programs and mortgage financing is determined by licensed lenders approved to offer the programs. The publishing of this information is not an offer to lend money or solicit a mortgage application.
