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Home Is Possible Down Payment Assistance Program

BUY A HOME WITH $0 DOWN!

A non-repayable grant (FREE MONEY) that helps make the dream of home ownership a reality for qualified Nevadans!

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Home Is Possible - Program Highlights

If you love the benefits and meet the qualifications below we will coordinate your next step with an approved HIP lender to qualify you for a loan!

They'll help you get thousands of dollars in bonus money!

Key Benefits

Non-repayable money up to 5% of the loan value

Usable for down payment and closing costs

Attractive 30-year interest rate

No first-time homebuyer requirement

Financing available for manufactured homes

Statewide program

Program Requirements

Must meet standard underwriting requirements

Qualifying income must be below $95,500

Home price below $400,000

Home buyer must live in the home as primary residence

1 hour homebuyer education course required

Minimum credit scrore generally 640

How Home is Possible Works

Initial Consultation

Contact us so we can go over the program details with you and set you up for success.

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  • Home-ownership is closer than you think thanks to the free down payment money the HIP program is giving to people. During our intial conversation we will walk you through the requirements and answer any questions.
  • The program was established in 2014 by the Nevada Housing Division which offers a non-repayable grant to low/middle income home-buyers who face challenges securing a down payment and closing costs.
  • There is NO catch to this program. The Nevada Housing Division is on a mission to provide affordable housing opportunities and improve quality of life for Nevada residents.

Get Pre-Approved

Get Started with your loan pre-approval process to find out how much money you qualify for.

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  • We will put you in touch with a Home Is Possible qualified lender. A trusted lender who will advise you the best mortgage options under the HIP program.
  • You will be guided through the process and you may even qualify for additional homebuyer programs. Complete your education course and application.
  • Your lender will issue a pre-approval letter so you can move to the next step of your home buying process. Now that you have your loan secured you can start looking at homes!

Buy A House

Meet with a Realtor from Resolution Realty and find your dream home.

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  • Your Realtor will go over your home search criteria and see if you qualify for Resolution Realty's rebate. That's right, additional money may be available to you through our exclusive Flat Fee Buyer Program
  • Now you are all set to go see homes within your search criteria and write an offer on the one(s) of your choice.
  • Your Realtor will negotiate the best deal for the home of your choice, manage the entire escrow process, inspections and appraisal while coordinating your loan with the lender.

Celebrate!!!

Your home sale is completed and you receive the keys to your new home!

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  • Congratulations!
    Resolution Realty along with your lender have confirmed the purchase of your new home has been completed!
  • The keys are released so you can move into your dream home!
  • Resolution Realty thanks you for the opportunity to earn your business!

Work with the Team Who Has Helped more than 2,000 homebuyers achieve their dream!

Top Ranked Agent Ehren Alessi & Team. Highest Level of Experience, Customer Service & Representation

Ehren Alessi

Ehren Alessi Realtor - Resolution Realty

Zillow Primary Agent

We play an innovative role in the Las Vegas real estate market by providing the strength of a large organization, without the bureaucracy and red tape found in franchise brokerages. This gives us the ability to offer incentives to our buyers. Learn more about our exclusive Home Advantage Program where you can buy a home with no out of pocket expenses!

We understand the interal challenges for buyers and how the government programs work so we can make home ownership a reality for buyers even if don't have money for their down payment or closing costs.

Read more about Ehren Alessi

Learn more about him from these trusted realty estate sites:

Past Clients We've Helped

  • We had the pleasure of working with Scott when we were searching for a property in a very hot market of Henderson, NV. Scott was by far the hardest working, most responsive realtor I have EVER worked with (and I have worked with many realtors over the years). We were out of town and Scott would  personally preview each house and even took additional pictures for our review! Scott was always very professional, but also very personable and great to work with. I would highly recommend Scott for any of your real estate needs. You will not be sorry!

    • user2313182
  • Ehren and his team made purchasing our first home very easy.  We felt they had our best interests in mind and helped us find the right house.  We were very specific on what we wanted and Matt gave us plenty of choices.  Even after the purchase was final they were there to assist when needed.  Great team, will gladly recommend them to anyone and we look forward to working with them in the future.

    • Michael S.
  • I want to thank Ehren Alessi and his team at Resolution Realty. He and his team helped me purchase my home in Las Vegas. I have never purchased a home before and honestly was a little freighted of the process. Ehren explained all the details, answered all my questions and never made me feel I was alone in the process. If you are looking to buy or sell your home there is only one Real Estate Broker to call, Ehren Alessi! Thank you Ehren and your team at Resolution Realty!

    • Ed P

FREE No-Obligation Home is Possible Consultation

Have a professional real estate consultant provide you with a customized plan to help you buy your new dream home before the grant money runs out! Book Now

Have a question?
3368973922 | 817-492-4857

Home Is Possible FAQs

Here is a list of most commonly asked questions.

What is the maximum purchase price?

The home must be under $400,000.

Are there credit requirements?

Yes, the buyer must meet credit requirements. For more information on said requirements please contact us for a checklist.

Will the borrower receive a 1099 or 1098 for the bonus down payment money received?

No. The money is truly a gift.

Does the buyer need to live in the home for a specified period?

The buyer may sell or refinance at any time.

Are there any restrictions if the buyer is relocating to Nevada from out-of-state?

There are no restrictions. However, the home must be their primary residence and they must occupy the home within 60 days of closing.

Is there a recapture of the down payment money?
 

There is no recapture or prepayment penalty.

Will the HIP program slow down the closing?

No. The borrower will sign one document, the gift letter, at closing. The Nevada Housing Division also provides a commitment letter. The lender is responsible for providing all funds to the borrower.
No, the borrower must use the HIP program, as the down payment is not a standalone product. (However, you may use the MCC program as a standalone product.)

Is financing for new construction allowed under the HIP program?

While HIP cannot be used as construction financing, it can be used for the permanent financing. Wait to reserve funds once the house is complete and the date is within 45 days of closing.

Where do I find the HIP interest rates and offerings?

Visit the ehousing site and then click on the rates and offerings tab.

Does the buyer have to complete any courses to qualify?

Yes, a homebuyer qualification course is needed. See the list of providers at this website at /www.homeispossiblenv.org/page/buyers-education