Down Payment Assistance
Posted by Jasmine Bega on Saturday, April 20, 2019 at 12:54 PM
By Jasmine Bega / April 20, 2019
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Down Payment Assistance Programs - Las Vegas
Learn more about the different down payment assistance programs available in Las Vegas.
CHENOA™
CULINARY HOUSING PROGRAM™
HOME AT LAST™
HOME IS POSSIBLE™
Key Benefits:
- Get up to 5% of the loan value
- Usable for down payment and closing costs
- Forgivable after three years (if you stay in your home)
- Attractive 30-year interest rate
- No first-time homebuyer requirement
- Financing available for manufactured homes
- Statewide program
Program Requirements:
- Borrower may not own property at the time of closing
- For government loans (FHA, USDA, VA) — qualifying income must be below $98,500
- For conventional loans (HFA-preferred) — please visit our income limits by county page
- Home price below $484,350
- Minimum credit score of 640
- Must live in home as primary residence
- Homebuyer education course required
- Must meet standard underwriting requirements
- One-time fee of $675
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