Nevada Hardest Hit Fund

Nevada's Hardest Hit Fund provides various types of assistance to struggling homeowners. It is currently closed to new applicants, but maybe accepting new applications in the future.

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The Nevada Hardest Hit Fund helps homeowners who are in need of mortgage assistance due to unemployment, underemployment, permanent hardship, second liens, or negative equity, as well as provides short sale assistance to those who have determined it is time to leave the home. Though the program has been temporarily suspended for new applicants, read on to learn about the different programs available through Nevada’s Hardest Hit Fund and find out if you may be eligible for assistance once it resumes.

Hardest Hit Fund

In 2010, the U.S. Department of the Treasury created the Hardest Hit Fund to provide targeted aid to homeowners in those states most affected by the housing market crash. Since Nevada had one of the highest foreclosure rates in the county, it was one of the first states to receive funds. (Find out more about the Nevada foreclosure process.) Over $194 million went into the Nevada Hardest Hit Fund.

(To learn more about the Hardest Hit Fund and the various state programs funded by it, visit our Hardest Hit Fund topic page.)

Applications Temporarily Suspended

Nevada has temporarily halted the program for new applicants to concentrate on getting funds to those who have already applied. However, as soon as all current applications have been reviewed and an accounting completed, the Nevada Hardest Hit Fund will request additional resources from the U.S. Treasury and resume accepting new applications.

Check the program's status at periodically so you can submit your application as soon as it restarts.

The Nevada Hardest Hit Fund

The Nevada Hardest Hit Fund has seven programs to help low and moderate income families avoid foreclosure. The programs are:

  • The Mortgage Assistance Program, which provides mortgage payment assistance to unemployed and underemployed homeowners who have experienced involuntary job loss or a substantial reduction in income. This program provides up to $1,000 of the monthly first-mortgage payment (principal, interest, taxes, and insurance) for as many as nine months. You must contribute a minimum of $75 per month.
  • The Mortgage Assistance Program Alternative, which provides temporary assistance if you have experienced a permanent disability or hardship. The program provides up to $1,000 per month on a short-term basis to cover a first-mortgage payment. You must contribute a minimum of $75 per month.
  • The Second Lien Relief Program, which provides funds to get rid of a second mortgage.
  • The Principal Curtailment Program, which helps underwater homeowners reduce the principal balance of their loan. The program provides up to $50,000 in loan curtailment, also known as principal reduction, when homeowners refinance through HARP 2.0. The curtailment further reduces the monthly mortgage payment that the homeowner must pay following the refinance. (To learn about HARP 2.0 and other government programs for distressed homeowners, visit Nolo's Government Foreclosure Prevention Programs area.)
  • The Principal Reduction Program, which provides up to $100,000 in principal reduction. The mortgage servicer must match the Nevada Hardest Hit Fund contribution, up to $50,000, for you to receive the maximum benefit.
  • The Reinstatement Program, which is a one-time payment up to $12,500 to cover past-due amounts for homeowners who suffered a hardship, but are now able to sustain the mortgage payments.
  • The Short Sale Program provides relocation assistance for homeowners transitioning into new housing following a short sale.

Once the Nevada Hardest Hit Fund program resumes accepting new applications, more information about each of these programs will likely be available at

General Eligibility Requirements

To be eligible for the Nevada Hardest Hit Fund program, you must meet the list of general eligibility criteria below.

  • You are a legal U.S. resident.
  • You occupy the property as your primary residence.
  • You are facing imminent default or are in default.
  • You have suffered a hardship.
  • Your unpaid mortgage balance is not not more than $417,000.

Program Exclusions

You are not eligible for the program if you have filed bankruptcy and the bankruptcy is active. If you previously filed bankruptcy and it was dismissed or discharged, then you are eligible to apply.

Servicer Participation

Servicer participation in the program is voluntary. (A mortgage servicer is the company that collects monthly mortgage payments from borrowers on behalf of the owner of the loan, as well as tracks account balances, manages the escrow account, handles loss mitigation applications, and pursues foreclosure in the case of defaulted loans.)

The servicer must agree to participate under the terms and conditions governing the use of the funds. To find out if your servicer is participating in the program, go to and click on “Participating Servicers.”

For More Information

If you would like more information about the Nevada Hardest Hit Fund, call 855-428-HELP (4357).

For information about options to avoid foreclosure, see our Alternatives to Foreclosure area.

To find a HUD-approved housing counselor who can answer your questions about avoiding foreclosure, go to and click on “Housing Counselors.”

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