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
Faculty, staff, and students interested in learning more are encouraged to register to attend the virtual informational session on Tuesday, June 9, from 11 a.m. - 12 p.m. to hear additional details about the program and ask questions. Registration is required.
