Home Is Possible (HIP) Lender FAQ

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Yes! We've created a page on our site with marketing materials you can use. If you want to make your own materials, please review our guidelines first!

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The manufactured unit must be a multi-width unit. No single-width homes are allowed and a minimum of at least 600 square feet gross living area is required.

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The buyer may sell or refinance at any time.

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There are no restrictions. However, the home must be their primary residence and they must occupy the home within 60 days of closing.

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There is no recapture or prepayment penalty.

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No. The borrower will sign one document, the gift letter, at closing. The Nevada Housing Division also provides a commitment letter. The lender is responsible for providing all funds to the borrower.

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No, the borrower must use the HIP program, as the down payment is not a standalone product. (However, you may use the MCC program as a standalone product.)

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While HIP cannot be used as construction financing, it can be used for the permanent financing. Wait to reserve funds once the house is complete and the date is within 45 days of closing.

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Visit the ehousing site and then click on the rates and offerings tab. We email updated rates every weekday. To be included on the mailing list, send us an email.

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Our Programs

other program

Get bonus money. Buy a house. Celebrate. In a nutshell, that’s how the Home Is Possible program works.

The MCC program provides homebuyers with an income tax savings of up to 30% of the interest paid on their mortgage loan every year.

Thanks to our veterans and active military personnel, we’re free to give the dream of homeownership. Humbly, we deliver through our Home Is Possible For HeroesTM program.

Can you have too much of a good thing? If that thing is money, we say, “Heck no!” That’s why we’ve created Home Is Possible Plus™, or HIP Plus for short.

Teachers make it their life’s work to educate young minds. To show our appreciation, we’ve created Home Is Possible For Teachers. This homebuyer program is like extra credit for teachers who help make Nevada a great place to live.