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Home Is Possible for Heroes — Below-Market Fixed Rate, and No First-Time-Buyer Rule

Nevada's Housing Division offers honorably discharged veterans, Guard members and active-duty personnel a below-market fixed-rate 30-year mortgage through participating lenders. NDVS lists income below $95,500 and a home price below $400,000; the Housing Division site also shows up to 5% down payment assistance on VA loans. THERE IS NO FIRST-TIME-BUYER REQUIREMENT, which is what separates it from most state housing programmes — a veteran who has owned before is not excluded.

Verified August 27, 2026

What this benefit is

Nevada's Housing Division offers honorably discharged veterans, Guard members and active-duty personnel a below-market fixed-rate 30-year mortgage through participating lenders. NDVS lists income below $95,500 and a home price below $400,000; the Housing Division site also shows up to 5% down payment assistance on VA loans. THERE IS NO FIRST-TIME-BUYER REQUIREMENT, which is what separates it from most state housing programmes — a veteran who has owned before is not excluded.

What it's worth: Below-market 30-year fixed rate, with up to 5% down payment assistance on VA loans

  • A below-market FIXED-RATE 30-YEAR mortgage through participating lenders.
  • NDVS lists INCOME BELOW $95,500 and a HOME PRICE BELOW $400,000. These limits move — confirm them with the Housing Division.
  • The Housing Division site also shows UP TO 5% DOWN PAYMENT ASSISTANCE on VA loans.
  • NO FIRST-TIME-BUYER REQUIREMENT. Most state housing programmes have one.
  • Open to honorably discharged veterans, National Guard members and active-duty personnel.
  • The home must be in Nevada; the programme is statewide.
  • The two sources give slightly different pictures of the current offer, so take the day's terms from the lender.

Who is entitled to it

  • You are in one of the groups the programme reaches.
  • Your service meets the test.
  • You are buying or refinancing a home.
  • The home is in Nevada.

Not sure whether that describes you?

Answer a few questions about this benefit specifically — we only ask what this one actually depends on, and we stop as soon as we know.

How to claim it

  1. 1Find a Nevada Housing Division participating lender. The Division does not lend directly.
  2. 2Confirm the current income and purchase price limits before house-hunting — the published figures move.
  3. 3Ask specifically about the down payment assistance on a VA loan, and whether it stacks with the below-market rate.
  4. 4Do not rule yourself out for having owned a home before. There is no first-time-buyer rule.
  5. 5Price it against an ordinary VA loan, including the funding fee, before committing.
Form
Application through a participating lender
File with
A Nevada Housing Division participating lender
Documents you will need
dd214
No renewal
Once granted it does not need renewing.
Worth knowingThe veterans department and the housing division describe this programme slightly differently. Where they differ, the Housing Division and the lender have the current terms.

Sources

This finder provides an informational match, not a government eligibility determination. The responsible agency decides your application.