vatche saatdjian, expert on FHA loans — 30+ years of experience
FHA accepts gift funds, grants, 401k withdrawals, seller concessions, and Nevada assistance programs. You don't need to save every penny yourself—there are more funding paths than most buyers know about.
Nevada Licensed • NMLS #65506 • FHA Down Payment Experts Since 2004
FHA guidelines allow multiple funding sources—often combined—to reach your 3.5% down payment. Here's what's accepted in Nevada.
Your entire 3.5% down payment can come from gifts. Acceptable donors include family members, employers, charitable organizations, and close friends.
Nevada Housing Division (NHD) and HOME Investment grants can provide up to $15,000 toward your FHA down payment and closing costs.
You can withdraw or borrow from 401(k)/IRA accounts, but it may trigger taxes and penalties. First-time buyers get some exemptions.
Seller can contribute up to 6% of the purchase price toward your closing costs and prepaid items (not the down payment itself, but reduces your cash need).
Your checking/savings account funds are the most straightforward source. Lender requires 2 months of bank statements showing consistent balance.
Smart Nevada buyers combine multiple sources: personal savings + gift funds + DPA grant + seller concessions = maximum buying power, minimum out-of-pocket.
We'll review your situation and identify every funding source available to you—combining options to minimize your out-of-pocket costs while maximizing buying power.
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Explore these comprehensive resources to maximize your down payment options and home buying power
Complete guide to FHA gift funds including who can give gifts, documentation requirements, and how to use 100% gift funds for your Nevada FHA down payment
Discover Nevada Housing Division grants, HOME Investment programs, and local assistance programs offering up to $15K for first-time buyers
Complete guide to FHA qualification including credit, income, debt-to-income, down payment, and property requirements for Nevada buyers
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