Middle-Income Downpayment Assistance Grants

Greater Nevada Mortgage is proud to offer qualifying first-time homebuyers access to federal down payment assistance, such as the Middle-Income Downpayment Assistance Grant program. Funds from this program are limited and highly sought-after because they do not require the borrower to repay them.

**Funds for this program have been exhausted for 2024, but other down payment assistance programs are available! Our Mortgage Consultants can help you explore them and advise you when this program will be available again in 2025.**

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We’re here to help you meet your homeownership goals—like buying your first or next home, or consolidating debt or accessing cash by refinancing. We also prioritizes speed for clients, with an average turnaround of only 21 days from application completed to ready to close for purchase loans!¹

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First-Time Homebuyer Assistance for Middle-Income Clients

Rising home prices shouldn’t stop middle-income households from exploring the road to homeownership. There may be a grant available to help.

Partnering to Help More People Move to Greater

By partnering with the Federal Home Loan Bank of San Francisco, Greater Nevada Mortgage is proud to offer first-time homebuyers access to federal down payment assistance programs like the Middle-Income Downpayment Assistance grant program. This program is designed to help put sustainable homeownership within reach for more families and individuals — including many who are among the most essential members of our community, like teachers, police officers, firefighters, and administrative and other service workers.

Want to Know if You’re Eligible?

To be eligible for Middle-Income Downpayment Assistance grant funds, the homebuyer must:

Be a first-time homebuyer, as defined by the U.S. Department of Housing and Urban Development (HUD);
Fulfill income eligibility requirements, as published by the Bank at the time disbursement is requested. Such income eligibility requirements will at minimum require the homebuyer household to have earnings between 80.01% and 140% of the HUD defined AMI based on purchase property address and adjusted for household size;
Successfully complete a homebuyer counseling program;
Purchase an eligible property as their primary residence in Arizona, California, or Nevada. Such property may include (1) single-family homes, such as a condominium, cooperative housing, and manufactured homes, and (2) housing with two to four dwelling units with at least one owner-occupied unit;
Open escrow on a home purchase transaction, with closing scheduled within 60 days prior to requesting program funds; and
Make a minimum contribution of $10,000, which may come from savings or gifted funds.

More information on this grant program can be found on the Federal Home Loan Bank of San Francisco’s website. If you’d like to learn more about Middle-Income Downpayment Assistance grants or other down payment assistance programs, you can contact us and one of our lending professionals will be happy to help.

With the three easy steps listed below, a Greater Nevada Mortgage consultant can walk you through the home loan process from start to finish.

Calculate What You Can Afford

See how much you can afford to borrow on your home purchase with our mortgage calculator.

Submit Your Application

It’s quick. It’s easy. It’s online. Plus, we have a mortgage documents checklist so you know what information to gather.

Let’s Chat

All your home loan questions are answered by your dedicated Mortgage Consultant and their team as you learn about what options work best for your goals.

Middle-Income Downpayment Assistance grants are only available to qualified borrowers. Enrollment in the Middle-Income Downpayment Assistance grant program does not guarantee receipt of funds. Greater Nevada Mortgage is neither affiliated with nor endorsed by Federal Home Loan Bank of San Francisco.