Home Means Nevada Rural DPA

What is Home Means Nevada Rural DPA?

Home Means Nevada Rural DPA is a grant for homebuyers in Multiple, Nevada.

• NRHA up to 5% DPA grant (or forgivable second per option chosen) paired with 30-year fixed first mortgage. NO FTHB requirement. 640/680 FICO. 50% DTI. $647,200 purchase-price cap. Available throughout rural Nevada (excludes Clark/Washoe MSA city limits).
• Home Means Nevada Rural DPA is the Nevada Rural Housing Authority's sister product to Home At Last under NRHA's 'Home Means Nevada' branding. Eligible homebuyers in Nevada's rural and small-urban counties receive up to 5% of the first-mortgage amount as down-payment / closing-cost assistance, structured as a non-repayable grant (or, in certain product options, a forgivable second). The DPA is paired with a 30-year fixed first mortgage (FHA, VA, USDA, or Fannie/Freddie HFA conventional). The first-mortgage rate is set slightly higher than open-market to fund the DPA. NO FIRST-TIME HOMEBUYER REQUIREMENT - repeat buyers and previous homeowners are eligible. Available statewide EXCEPT inside city limits of incorporated communities within the Las Vegas-Henderson-Paradise MSA (Clark County) and the Reno-Sparks MSA (Washoe County). Maximum acquisition cost $647,200 (HFA Conventional). Funds may be used for down payment, closing costs, and prepaid escrows.
• Funding comes from State and Bond.

How much assistance does it provide?

Home Means Nevada Rural DPA provides assistance worth 5% of the purchase price, as set by the program.

• Buyer contribution: No fixed borrower minimum contribution; per first-mortgage product overlays (3.5% FHA, 0% VA/USDA, 3% conventional).
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Home Means Nevada Rural DPA is structured as a grant, so it is not repaid.

• Repayment is triggered by Grant option: non-repayable, no recapture. Forgivable-second option: forgiven over 3-5 years of continuous owner-occupancy and full balance due if borrower sells, refinances, or ceases owner-occupancy within forgiveness period.
• The assistance is recorded in Grant position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Home Means Nevada Rural DPA is open to buyers who will live in the home as their primary residence.

What are the income limits?

Home Means Nevada Rural DPA limits household income to $158,160.

• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Home Means Nevada Rural DPA caps the purchase price at $647,200.

• Eligible property types include Single-family detached, condominium, townhouse, PUD and manufactured home on permanent foundation per servicer overlays.
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

Home Means Nevada Rural DPA names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Home Means Nevada Rural DPA serves buyers purchasing in Multiple, Nevada.

• The program targets specific areas: Rural Nevada counties + unincorporated Clark and Washoe county areas. Excludes city limits of Las Vegas-Henderson-Paradise MSA and Reno-Sparks MSA.

How do you apply?

Applications for Home Means Nevada Rural DPA go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Contact the administering agency to reserve funds

   Funds are reserved through Reserved by approved participating lender via NRHA Lender Online portal at time of rate lock., and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.