The Nevada Housing Division’s Home Is Possible (HIP) program is designed to help more Nevada families buy homes — people who can afford a monthly mortgage payment, but who may be having a hard time coming up with a down payment. It provides a (non-repayable) down payment of up to 5% of the loan amount for Nevada families who qualify. That’s thousands of dollars for a one-time fee of just $755 (paid at closing). Buyers must meet standard underwriting requirements, complete a homebuyer education course and live in the home as a primary residence. There are also special benefits for veterans and teachers.