Launchpad Homeownership Program

Take Flight with the Launchpad Program

The Launchpad Homeownership Program, in partnership with Nevada Rural Housing, is designed to help more families and individuals achieve their dream of owning a home. This program offers significant down payment and closing cost assistance, making homeownership more accessible.

Key Benefits of the Launchpad Program

• Generous Assistance: Receive up to 5% of the loan amount to be used for your down payment and closing costs.
• Below-Market Interest Rates: Paired with an affordable conventional or government-backed mortgage (FHA, VA, or USDA).
• Statewide Availability: The program is available in every county in Nevada, for both new and existing properties.
• No Repayment Required: The assistance is a grant that does not need to be repaid.

Eligibility Requirements

To qualify for the Launchpad Homeownership Program, you must meet certain criteria:

• Income Limits: Household income must be at or below the program's limits, which can be up to $165,000.
• Minimum Credit Score: A minimum credit score of 640 is generally required (680 for manufactured homes).
• Homebuyer Education: Completion of an approved homebuyer education course is mandatory.
• Primary Residence: The property must be your primary residence, and you must occupy it within 60 days of closing.
• Debt-to-Income Ratio: Limits apply and depend on the loan type, assistance amount, and your credit score.

Ready to Launch Your Homeownership Journey?

If you're ready to explore the Launchpad program, the next step is to connect with a participating lender. Our team can help you understand the program details and connect you with a trusted professional to guide you through the application process.