Home Is Possible (HIP) Lender FAQ

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MGIC, Genworth, Essent, United Guaranty, Radian, Arch, and National Mortgage Insurance Co.

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No exceptions are allowed on the debt-to-income ratio.

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HIP does not have overlays. However U.S. Bank and the loan agencies may (i.e. FHA, VA, RD, Fannie). See agency and U.S. Bank guidelines for more details.

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New and existing attached and detached homes, condos, townhomes and manufactured housing are eligible for financing. (Some restrictions apply. See HIP Administrator guidelines.)

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The HFA-Preferred conventional product now allows homebuyers to own other residential properties at the time of purchase (other program guidelines apply).

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There are no restrictions. The program is allowed statewide.

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Yes, you must be trained to be a HIP-qualified lender. We offer training in your office or place of business, through webinars, and through ehousingplus and ehpuniversity. You can always email us to schedule a training for your team.

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Contact U.S. Bank’s Lender Management at (800) 562-5165 or lender.management@usbank.com and apply to become a participating lender. Once approved, you’ll need to complete a Webex training session by U.S. Bank and/or eHousing Plus. Then sign the NHD HIP agreement and provide a copy of your U.S. Bank approval letter.

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Income is based on the final 1003 as determined your company’s underwriting guidelines.

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Our Programs

Nevada down payment assistance programs - Home is Possible

Home Is Possible™ offers thousands in bonus money to help with a down payment or closing costs.

Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.

Nevada veterans mortgage assistance - Home is Possible for Heroes

Home Is Possible For Heroes™ helps veterans be at home with a below-market interest rate.

Nevada down payment assistance for teachers - Home is Possible

Home Is Possible For Teachers™ gives K-12 teachers in Nevada $7,500 in bonus money for a down payment or closing costs plus a below-market interest rate—for a limited time.