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The WISH Down Payment Assistance program

Multiple, Nevada

Last verified
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Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Grant

Not repaid

What is The WISH Down Payment Assistance program?

The WISH Down Payment Assistance program is a grant for homebuyers in Multiple, Nevada.

  • FHLB San Francisco WISH 4:1 matching grant up to $32,837 (2026) for first-time homebuyers at <=80% AMI. 5-year retention with pro-rata forgiveness (1/60th per month). Delivered via Nevada Partners, Inc.
  • The WISH (Workforce Initiative Subsidy for Homeownership) Down Payment Assistance program is administered by Nevada Partners, Inc. as an FHLB San Francisco member-bank delivery channel. Eligible first-time homebuyers receive a 4-to-1 matching grant: for every $1 the borrower contributes from their own funds, FHLB SF provides $4 in matching grant (up to the annual per-household maximum). The 2025 maximum grant was $29,172.
  • the 2026 maximum is anticipated at $32,837 per FHLB SF program updates (subject to FHLB SF funding round). Funds may be used for down payment, closing costs, and homebuyer counseling fees. The subsidy is forgiven 1/60th per month over 5 years of continuous owner-occupancy (5-year retention period).
  • pro-rata recapture applies on early sale, refinance, or non-owner-occupancy.
  • Funding comes from Federal and FHLB.

Do you have to pay it back?

The WISH Down Payment Assistance program is structured as a grant, so it is not repaid.

  • Repayment is triggered by Pro-rata recapture: 1/60th of grant forgiven each month of owner-occupancy. If borrower sells, refinances with cash-out, transfers title, or ceases owner-occupancy within 5 years, the unforgiven balance is repaid to FHLB SF (typically from sale proceeds). Fully forgiven after 60 months.
  • 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?

The WISH Down Payment Assistance program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: WISH allows displaced homemakers and single parents to qualify as first-time homebuyers per HUD/FHLB SF definition (not owned during the marriage or for the past 3 years).
  • The home is occupied as a primary residence
  • On credit: 640 minimum mid-FICO across all loan products.
  • A completed homebuyer education course, through Nevada Partners, Inc. HUD-approved homebuyer education and 1:1 housing counseling (required - WISH program requires HUD-certified education).
  • Residency: Property must be located in Nevada within an FHLB SF member-bank service area (effectively statewide); served as borrower's principal residence.
  • Citizenship or immigration status: U.S. citizen, permanent resident alien, or qualifying non-permanent resident alien per first-mortgage product overlays.
  • First-time homebuyer required (no principal residence in prior 3 years). 4-to-1 borrower-match: borrower must contribute own funds (any combination of earnest money, appraisal, inspection, down payment, and closing costs from borrower's own resources counts). Income at or below 80% AMI for Clark County (HUD limits). 640 minimum mid-FICO. 45% maximum DTI. HUD-certified homebuyer education completion required PRIOR to grant approval. 5-year owner-occupancy retention period (1/60th forgiveness per month). Property must be located within FHLB SF member bank's service area (effectively all of Nevada). Subsidy retention secured by deed restriction or subordinate note.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

The WISH Down Payment Assistance program limits household income to 80% of the area median income, which varies by county and household size.

  • FHLB SF WISH income limits set at 80% Area Median Income (AMI) for the property's county. For Clark County (Las Vegas-Henderson-Paradise MSA), 2025 80% AMI limits range $51,700 (1p) to $114,250 (8p, after high-cost adjustment). Confirmed against HUD income limits annually.
  • The limit applies to total household income, not only the borrower&rsquo;s.
  • The program lists a maximum household size of 8.
  • 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?

The WISH Down Payment Assistance program caps the purchase price as follows: No FHLB SF WISH program-imposed purchase-price cap; subject to first-mortgage product limits.

  • Eligible property types include Single-family detached, condominium, townhouse, PUD, 2-4 unit (per first-mortgage product overlays) and manufactured home on permanent foundation.
  • New construction is eligible.
  • Manufactured homes are eligible.

Is there eligibility for specific groups?

The WISH Down Payment Assistance program 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?

The WISH Down Payment Assistance program serves buyers purchasing in Multiple, Nevada.

How do you apply?

Applications for The WISH Down Payment Assistance program go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Nevada Partners, Inc. HUD-approved homebuyer education and 1:1 housing counseling (required - WISH program requires HUD-certified education)..

  2. Contact the administering agency to reserve funds

    Funds are reserved through Borrower applies through Nevada Partners housing counseling. Once eligibility verified and HUD-approved homebuyer education complete, NPI submits to FHLB SF member-bank lender; member bank reserves WISH funds via FHLB SF online portal. Funds disbursed at closing via FHLB member., and are subject to availability.

  3. 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.

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