Home Is Possible For Teachers

Nevada down payment assistance for teachers - Home is Possible

Teachers:
Take the smart way home.

Effective October 1st, 2017: Home Is Possible For Teachers

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.

Check out the program benefits and requirements.

Key Benefits:
  • $7,500 in bonus money
  • Usable for down payment and closing costs
  • Forgivable after five years (if you stay in your home)
  • Below-market fixed interest rate 30-year loan
  • Statewide program
  • No first-time homebuyer requirement
  • Can be combined with the Mortgage Credit Certificate (MCC) program with program fees discounted
Program Requirements:
  • Must be a licensed full-time K-12 public school teacher in Nevada
  • Qualifying income below $98,500
  • Home price below $400,000
  • Minimum credit score of 660
  • Government insured loans only (no conventional loans)
  • Teacher must live in home as primary residence
  • Homebuyer education course required
  • Must meet standard underwriting requirements
  • One-time fee of $675 on first mortgage

 

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Our Other Programs

Nevada down payment assistance programs - Home is Possible

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.

Nevada veterans mortgage assistance - Home is Possible for Heroes

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.

Down payment assistance Nevada - combining HIP and Mortgage Credit Certificate

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.