Home is Possible - First Time Homebuyer

Administered by Nevada Housing Division · Nevada

BENEFIT

4% credit

Deadline type: rolling

Eligibility Requirements

1Must be first-time homebuyer (no home ownership in past 3 years)
2Minimum credit score of 640 for government loans, 680 for conventional
3Grant up to 4-5% of loan amount for down payment and closing costs

Eligible Project Types

Residential

STACKING POTENTIAL

Home is Possible - First Time Homebuyer is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the Home is Possible - First Time Homebuyer compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: Nevada Housing Division official program page ↗ · Last verified 2026-06-23

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STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

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