Nevada Housing Division Programs
Nevada offers up to $20,000 in down payment assistance through the Home is Possible program. These programs can make Kestrel Village homes more affordable.
Live MLS Listings
Showing homes under $832,750 (max purchase price for most HIP programs)
*Rates as of January 27, 2026. Subject to change.
With homes starting at $477,000 and up to $20,000 in down payment assistance available, Kestrel Village is within reach for many Nevada buyers. Dr. Jan Duffy can connect you with HIP-approved lenders who specialize in new construction.
Compare Nevada Housing Division programs to find your best option
2nd Mortgage
30-year no interest, no payment
Nevada's newest program for essential workers. No first-time buyer requirement. Must be employed in an "Essential Worker" category and Nevada resident for 6+ months.
2nd Mortgage
30-year no interest, no payment
Nevada's flagship program for first-time buyers with excellent rates and flexible down payment assistance options.
2nd Mortgage
30-year no interest, no payment
Flexible down payment assistance for buyers who don't qualify for first-time buyer programs. Available for FHA, VA, USDA, and Conventional loans.
2nd Mortgage
5-year prorated forgivable
Special program for Nevada K-12 public school teachers with forgivable down payment assistance.
2nd Mortgage
N/A
VA and USDA loans with competitive rates for veterans and rural buyers who don't need down payment assistance.
| Program | First-Time? | Max DPA | Best Rate | Loan Terms |
|---|---|---|---|---|
| Worker Advantage | No | $20,000 | 5.125% | 30-yr deferred |
| HIP First-Time | Yes | 4% | 6.125% | 30-yr deferred |
| HIP-DPA | No | 5% | 6.875% | 30-yr deferred |
| HIP Teachers | No | $7,500 | 6.250% | 5-yr forgivable |
| HIP Heroes | No | N/A | 6.250% | VA/USDA only |
Review income limits, credit requirements, and program-specific criteria.
Work with a Nevada Housing Division approved lender who knows these programs.
Complete your loan application and receive pre-approval with DPA.
Use your DPA at closing to reduce your out-of-pocket costs.
Yes! Nevada Housing Division programs can be used for new construction homes in Kestrel Village. The home must be your primary residence and meet program requirements.
Most HIP programs provide DPA as a 30-year second mortgage with no interest and no monthly payments. You only repay it when you sell, refinance, or pay off your first mortgage.
In most cases, yes! Builder closing cost credits can often be combined with DPA programs. We'll help you maximize your benefits.
Income limits vary by program and county. For Clark County (Las Vegas), limits range from 80% AMI to $165,000 depending on the program. Contact us for current limits.
Dr. Jan Duffy works with several HIP-approved lenders who specialize in new construction. Call 702-222-1964 for referrals to lenders experienced with these programs.
Current HIP program rates
🏠Full program details
🏦HIP-approved lenders
Information from Nevada Housing Division. Rates and programs subject to change. Contact a HIP lender for current information.
Dr. Jan Duffy can connect you with HIP-approved lenders and help you navigate both down payment assistance programs AND new construction builder negotiations.