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. — 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
Faculty, staff, and students interested in the program can attend Signature Homes' virtual informational session on Tuesday, June 9, from 11 a.m. - 12 p.m. to hear additional details and ask questions. Registration is required.
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
