HIP 1500TM Program
Get bonus money on top of bonus money—for a limited time.
They say it’s all who you know. We have no idea who ‘they’ are, but they’re clearly onto something. After all, we know Fannie Mae (our partner in the conventional loans realm) and you know us—which could mean an extra $1,500 to you for closing costs on top of all the benefits homebuyers already get with Home Is Possible.
We’re calling this special, limited-time program HIP 1500, though we prefer to think of it as opportunity knocking.
Check out the Home Is Possible program details for the basics. Read below for what separates HIP 1500 from HIP. Then get crack-a-lackin’ before this program expires September 1 (the Friday before Labor Day). No pressure, but maybe you should find yourself a HIP-qualified lender PDQ.
What’s the difference between HIP and HIP 1500?
- An extra $1,500 for closing costs in addition to the bonus money up to 5% of the loan value (for down payment or closing costs)
- Up to 97% loan-to-value ratio
- Reduced monthly mortgage insurance
- HFA preferred conventional loans only
Households within the maximum income limits by county (listed below)
Income Maximums By County Carson City $45,520 Churchill $50,320 Clark $49,520 Douglas $55,360 Elko $64,000 Esmeralda $50,320 Eureka $85,760 Humboldt $61,280 Lander $66,080 Lincoln $50,320 Lyon $50,320 Mineral $50,320 Nye $50,320 Pershing $50,320 Storey $54,480 Washoe $54,480 White Pine $57,680