Home Is Possible program mortgage interest rates for today

Rates as of June 24, 2019
NHD HiP - Rate/Offerings	On hover Content	FICO Credit Score	Mortgage Rate*	Down Payment Assistance
Heroes - VA & USDA	HIP for Heroes Highlights Maximum purchase price $484,350 Maximum income limit $98,500 Non-purchasing spouse's income must be included when determining qualified income Cosigner's income does not count towards income limits Minimum credit score 640 Maximum debt ratio 45% VA and USDA-RD loans only Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	640	3.375%	n/a 0%
Teachers (FHA)	HIP for Teachers FHA Highlights Maximum purchase price $484,350 (remember to check Agency limits) Maximum income limit $98,500 Non-purchasing spouse's income must be included when determining qualified income Cosigner's income does not count towards income limits Minimum credit score 660 Maximum debt ratio 45% $7,500 DPA is in the form of a no interest, no payment prorated 5-year forgivable note. Purchaser cannot own other property at time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	660	3.375%	$7,500
Teachers (VA & USDA)	HIP for Teachers VA and USDA-RD Highlights Maximum purchase price $484,350 Maximum income limit $98,500 Non-purchasing spouse's income must be included when determining qualified income Cosigner's income does not count towards income limits Minimum credit score 640 Maximum debt ratio 45% $7,500 DPA is in the form of a no interest, no payment prorated 5-year forgivable note. Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	640	3.375%	$7,500
Home Is Possible DPA Program
Government Insured Loans
VA & USDA	VA and USDA-RD Highlights Maximum purchase price $484,350 Maximum income limit $98,500 Non-purchasing spouse's income must be included when determining qualified income Cosigner's income does not count towards income limits Minimum credit score 640 Maximum debt ratio 45% DPA is in the form of a no interest, no payment prorated 3-year forgivable note. Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	640	4.250%	w/2%
FHA	FHA 660 Highlights Maximum purchase price $484,350 (remember to check agency limits) Maximum income limit $98,500 Non-purchasing spouse's income must be included when determining qualified income Cosinger's income does not count towards income limits Minimum credit score 660 Maximum debt ratio 45% DPA is in the form of a no interest, no payment prorated 3-year forgivable note. Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	660	4.250%	w/2%
VA	VA and USDA-RD Highlights Maximum purchase price $484,350 Maximum income limit $98,500 Non-purchasing spouse's income must be included when determining qualified income Cosigner's income does not count towards income limits Minimum credit score 640 Maximum debt ratio 45% DPA is in the form of a no interest, no payment prorated 3-year forgivable note. Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	640	5.125%	w/3%
FHA (660)	FHA 660 Highlights Maximum purchase price $484,350 (remember to check agency limits) Maximum income limit $98,500 Non-purchasing spouse's income must be included when determining qualified income Cosigner's income does not count towards income limits Minimum credit score 660 Maximum debt ratio 45% DPA is in the form of a no interest, no payment prorated 3-year forgivable note. Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	660		w/3%
FHA (640-659)	FHA 640-659 Highlights Maximum purchase price $484,350 (remember to check agency limits) Maximum income limit $98,500 Non-purchasing spouse's income must be included when determining qualified income Cosigner's income does not count towards income limits Minimum credit score 640 Maximum debt ratio 45% DPA is in the form of a no interest, no payment prorated 3-year forgivable note. Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	640-659		w/2.5%
VA	VA and USDA-RD Highlights Maximum purchase price $484,350 Maximum income limit $98,500 Non-purchasing spouse's income must be included when determining qualified income Cosigner's income does not count towards income limits Minimum credit score 640 Maximum debt ratio 45% DPA is in the form of a no interest, no payment prorated 3-year forgivable note. Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	640	5.875%	w/4%
FHA	FHA 660 Highlights Maximum purchase price $484,350 (remember to check agency limits) Maximum income limit $98,500 Non-purchasing spouse's income must be included when determining qualified income Cosigner's income does not count towards income limits Minimum credit score 660 Maximum debt ratio 45% DPA is in the form of a no interest, no payment prorated 3-year forgivable note. Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	660		w/4%
FHA (640-659)	FHA 640-659 Highlights Maximum purchase price $484,350 (remember to check agency limits) Maximum income limit $98,500 Non-purchasing spouse's income must be included when determining qualified income Cosigner's income does not count towards income limits Minimum credit score 640 Maximum debt ratio 45% DPA is in the form of a no interest, no payment prorated 3-year forgivable note. Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	640-659		w/3.5%
Conventional Loans - Fannie Mae HFA Preferred (100% AMI OR LESS)
Conventional (3% DPA)	HFA Preferred Conventional Highlights Maximum purchase price $484,350 Maximum income limit per county (click here for county limits) Non-purchasing spouse's income must be included when determining qualified income Cosigner's income must be included when determining qualified income Minimum credit score 640 Maximum debt ratio 50% DPA is in the form of a no interest, no payment prorated 3-year forgivable note. Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	640	5.500%	w/3%
Conventional (4% DPA)	HFA Preferred Conventional Highlights Maximum purchase price $484,350 Maximum income limit per county (click here for county limits) Non-purchasing spouse's income must be included when determining qualified income Cosigner's income must be included when determing qualified income Minimum credit score 640 Maximum debt ratio 50% DPA is in the form of a no interest, no payment prorated 3-year forgivable note. Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.		5.875%	w/4%
Conventional (5% DPA)	HFA Preferred Conventional Highlights Maximum purchase price $484,350 Maximum income limit per county (click here for county limits) Non-purchasing spouse's income must be included when determining qualified income Cosigner's income must be included when determining qualified income Minimum credit score 640 Maximum debt ratio 50% DPA is in the form of a no interest, no payment prorated 3-year forgivable note. Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.		6.250%	w/5%
Conventional Loans - Fannie Mae HFA Preferred (Over 100% AMI)
Conventional (4% DPA)	Fannie Mae HFA Preferred Conventional Highlights (OVER 100% AMI) Maximum purchase price $484,350 Maximum income limit $98,500 Non-purchasing spouse’s income must be included when determining qualified income Cosigner’s income is not included when determining qualified income Minimum credit score 640 Maximum debt ratio 50% DPA is in the form of a no interest, no payment prorated 3-year forgivable note Purchaser cannot own other property at the time of close This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	640	6.375%	w/4%
Conventional Loans - Freddie Mac HFA Advantage
Conventional (4% DPA)	Freddie Mac HFA Advantage Conventional Highlights Maximum purchase price $484,350 Maximum income limit $98,500 Non-purchasing spouse’s income must be included when determining qualified income Cosigners are not allowed under this program. Minimum credit score 640 Maximum debt ratio 50% DPA is in the form of a no interest, no payment prorated 3-year forgivable note Purchaser cannot own other property at the time of close Manufactured Homes not allowed This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	640	6.125%	w/4%
Home Is Possible For First-Time Homebuyers
FHA/VA	Home Is Possible for First-Time Homebuyers Highlights (FHA/VA/USDA-RD) You must be a first-time homebuyer (could not have owned a primary residence in the last 3 years) Maximum purchase price & income limits per county (click here for limits) Household income must be used in determining income Cosigner's income does not count towards income limits Minimum credit score 660 Maximum debt ratio 45% DPA is in the form of a no interest, no payment 15-year forgivable note. The full DPA amount will be owed if there is a sale, transfer or refinance of the property during the first 15 years. This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	660	5.000%	w/4%
Conventional	Home Is Possible for First-Time Homebuyers Highlights (Conventional) You must be a first-time homebuyer (could not have owned a primary residence in the last 3 years) Maximum purchase price & income limits per county (click here for limits) Household income must be used in determining income Cosigner's income does not count towards income limits Minimum credit score 660 Maximum debt ratio 50% DPA is in the form of a no interest, no payment 15-year forgivable note. The full DPA amount will be owed if there is a sale, transfer or refinance of the property during the first 15 years. This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.	660	5.125%	w/4%

*30 Year, Fixed Rate, Amortized

The Home Is Possible program is designed to help qualified Nevadans make the dream of homeownership a reality. See how this grant can help grow your referrals today!

Request brochures for your office by emailing: nhdinfo@housing.nv.gov.

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Our Other 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.

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.

Whether you’re a homebuying newbie or a homeowner veteran, one thing’s for sure: you’ll be even smarter after completing our free homebuyer education course.