Signature Homes and the Nevada Housing Division have launched a new affordable housing incentive program designed to make homeownership more attainable for Nevadans.

The Down Payment Assistance Program offers qualified homebuyers up to $55,000 toward the purchase of a new home at Signature Homes’ Paradise Trails community, located near Desert Inn Rd. and Eastern Ave. — just 15 minutes from the Maryland Campus. The program includes:

• Up to $27,500 in down payment assistance through AB 540
• Up to $27,500 in builder incentives
• Potential for $0 down at closing
• Monthly payments starting as low as $2,066

Eligibility Requirements

• No first-time homebuyer requirement
• Nevada residency for at least six months (may be waived for essential workers relocating to Nevada)
• Home must serve as the borrower’s primary residence
• Household income up to 150% AMI ($142,350)
• Completion of a two-hour online homebuyer education course before closing
• Financing through New American Funding
• Applicants cannot be previous recipients of the Home Is Possible or Worker Advantage programs