Get downpayment money. Buy a house. Celebrate. In a nutshell, that’s how the Home Is Possible program works.
- Get up to 5% of the loan value
- Usable for down payment and closing costs
- Attractive 30-year interest rate
- No first-time homebuyer requirement
- Financing available for manufactured homes
- Statewide program
- Borrower may not own property at the time of closing
- For government loans (FHA, USDA, VA) with a single borrower: qualifying income up to $105,000 / For government loans (FHA, USDA, VA) with 2 or more borrowers: qualifying income up to $135,000
- For conventional loans, income limits vary - please contact your loan officer to learn more.
- Home price below $548,250
- Minimum credit score of 640 (680 for manufactured homes)
- Must live in home as primary residence
- Homebuyer education course required
- Must meet standard underwriting requirements
- One-time fee of $755 (paid at closing)
If you love the benefits and meet the qualifications, the next step is to find a Home Is Possible qualified lender. They’ll help you get thousands of dollars, courtesy of Nevada Housing Division and our Home Is Possible program.