Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.
The Nevada Housing Division offers several loan programs to help first-time home buyers become homeowners in the Silver State.
If you haven't owned a home in the past three years, you may qualify as a first-time home buyer. The housing division offers homebuying programs for repeat buyers, teachers and active-duty military and veterans, too.
National first-time home buyer programs to consider
With these national programs, home buyers in Nevada and elsewhere can get financing with low down payments, which are crucial for many first-timers.
Nevada Housing Division highlights and eligibility requirements
First-time home buyers in Nevada who meet income and other eligibility requirements can get 30-year mortgages at competitive interest rates through Nevada's Home Is Possible loan and assistance programs.
Help with down payments and closing costs is available for low- and moderate-income borrowers.
Active military and veterans may be eligible for below-market interest rates.
Teachers may receive $7,500 in down payment and closing cost assistance.
Most programs have income limits.
Some programs establish limits on home prices.
Home must be a primary residence in Nevada.
Minimum credit scores vary by program.
Program-specific requirements may apply.
» MORE: Tips for first-time home buyers
Nevada first-time home buyer loan programs
Your next step
That's the general outline of first-time home buyer programs available in Nevada. For details, visit the Nevada Housing Division website.
The division does not lend money directly; instead, approved lenders do. If you see a first-time or repeat home buyer program that appeals to you, contact a lender directly.
More from NerdWallet