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Greater Nevada Offers Grants to First-Time Homebuyers

By James Anderson, Executive Vice President at Greater Nevada Mortgage


First-time homebuyers: Here’s how you can get a grant for your down payment


One of the first big milestones for any first-time homebuyer is saving enough money to cover a down payment. It can also be a stressful experience—especially as home prices in many Nevada areas continue to increase.

Every time the news announces another rise in the median price, it may feel like the dream of homeownership is just a bit further away. After all, an increase in price means an increase in the down payment needed to buy a home. For first-time homebuyers with a lower-than-average household income, this mix of high home prices and a limited income may feel particularly disheartening. After being told that the “American Dream” is owning a home, not being able to afford one—even after working hard and diligently saving—is heartbreaking, and not just for first-time homebuyers. Everyone benefits when more people in their community own their homes.

For individuals, owning a home can help improve emotional and financial stability and boost household wealth through equity and appreciation over time. Housing can be an essential tool for upward mobility, giving families a solid foundation to move out of poverty. These positive effects ripple outward. Increasing homeownership rates help build strong, stable communities where more people volunteer and live healthier, safer lives.

Put simply: More homeowners can equal better communities. And we at Greater Nevada are here to support initiatives, programs, and projects that help all of us move to greater together.

That’s why Greater Nevada Mortgage actively participates in programs dedicated to opening doors for all individuals and families who qualify, including the Workforce Initiative Subsidy for Homeownership (WISH) matching grant program.

Down Payment Grant Program For First-Time Homebuyers

The WISH Program provides millions of dollars in grants to working families and individuals with a lower-than-average household income. Through it, eligible low- to moderate-income households can receive a matching grant of up to $22,000 toward a down payment and closing costs.

This assistance can be vital to moving from renting to owning and can complement or supplement many local, state, and federal homeownership programs and initiatives.

As a financial institution working with the Federal Home Loan Bank of San Francisco—a member-driven cooperative helping lenders in Arizona, California, and Nevada—we can offer qualified first-time homebuyers access to this grant money.

Eligibility for the WISH program comes with some requirements, including:

Individuals may also need to meet other qualifications not listed above. But, they do not need a membership or financial relationship with Greater Nevada Credit Union to qualify. (Although, it does come with some pretty sweet benefits.)

To learn more about the WISH grant program, check out the Federal Home Loan Bank of San Francisco’s website.

Want to apply or have questions? Call our offices at 775-888-6999 or check out


*All loans subject to credit approval by Greater Nevada Mortgage. Terms and conditions of programs, products and services are subject to change without notice. Certain restrictions may apply. This is not a commitment to lend. Licensed by the Nevada Division of Mortgage Lending and California Department of Business Oversight under California RMLA. Equal Housing Opportunity