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What You Need to Know About Down Payment Assistance in NV
Buy Your Home Sooner — With Less Out of Pocket
Thinking about buying a home in Clark County but worried about the down payment? You’re not alone — and the good news is, Nevada offers powerful down payment assistance (DPA) programs that can help turn your homeownership dreams into reality.
Whether you're a first-time buyer, a returning homeowner, or just need a little help covering upfront costs, there are programs designed to fit your situation — from grants and forgivable loans to low-interest options that require little to no money down.
At Jaime Sanchez Real Estate, we specialize in matching buyers with HUD-approved, state-certified programs that cover down payment and even closing costs — helping you save thousands and get into your new home faster.
- ✅ Available for buyers in Clark County
✅ Credit-friendly options
✅ Combine with seller-paid closing costs for even lower cash-to-close
✅ No obligation consultation to see what you qualify for
⚠️ What to Watch Out For with Down Payment Assistance
1. 💸 What Are You Actually Getting?
1. 💸 What Are You Actually Getting?
Before jumping into any down payment assistance (DPA) program, it's important to understand what you're getting into. Not all programs are created equal — and while many offer real value, some come with fine print that could cost you more in the long run. Here's what buyers should carefully review:
1. 💸 What Are You Actually Getting?
1. 💸 What Are You Actually Getting?
1. 💸 What Are You Actually Getting?
Not all “help” is free. Some programs provide a second loan (sometimes even a third), and the interest rate on the main mortgage may be higher than market rate. Always ask:
- What is the interest rate on the first mortgage?
- Is the assistance a grant or a loan?
- If it’s a loan:
- Is it forgivable?
- When and how do I repay it?
- Is there interest on the second loan?
👉 Some programs sound great upfront but may cost you more over 30 years.smooth and stress-free as possible.
2. 🏠 Are There Restrictions?
Many programs include deed restrictions — legally binding conditions that can affect your future plans. Here's what to ask:
- Is there a minimum amount of time I must live in the home?
- Will I be penalized if I sell or refinance early?
- Are there income limits or resale price caps?
Deed Restrictions Explained:
These are legal rules placed on your home title. Some programs limit how much profit you can make if you sell, or they might require you to repay assistance if you move too soon. These conditions can last 3, 5, 10, or even 15 yearsdepending on the program.
👉 Know the rules — or you could lose your equity or owe money back
3. 💰 What's the True Cost?
Some lenders add extra fees when offering down payment assistance. These may include:
- Additional origination fees
- “Program admin fees” or participation fees
- Inflated third-party fees (like underwriting or doc prep)
While the Community Buyer Program and some state-backed options (like WISH or Home is Possible) don’t charge lender junk fees, many private programs do — so make sure to compare your Loan Estimate carefully.
👉 We work with programs that offer no lender fees, no appraisal fees, and competitive rates to make sure your costs stay low.
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