Home Is Possible program mortgage interest rates for today

Rates as of April 23, 2019
NHD HiP - Rate/Offerings On hover Content FICO Credit Score Mortgage Rate* Down Payment Assistance Origination Fee
Heroes - VA & USDA

HIP for Heroes Highlights

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum purchase price $484,350
  • Maximum income limit $98,500
  • 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 4.000% n/a 0% 0.50%
Teachers (FHA)

HIP for Teachers FHA Highlights

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum purchase price $484,350 (remember to check agency limits)
  • Maximum income limit $98,500
  • 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.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

660 4.000% $7,500 0.50%
Teachers (VA & USDA)

HIP for Teachers VA and USDA-RD Highlights

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum purchase price $484,350
  • Maximum income limit $98,500
  • 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 4.000% $7,500 0.50%
Home Is Possible DPA Program
Government Insured Loans
VA & USDA

VA and USDA-RD Highlights

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum purchase price $484,350
  • Maximum income limit $98,500
  • 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 5.000% w/2% 0.50%
FHA

FHA 660 Highlights

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum purchase price $484,350 (remember to check agency limits)
  • Maximum income limit $98,500
  • 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
VA & USDA

VA and USDA-RD Highlights

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum purchase price $484,350
  • Maximum income limit $98,500
  • 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..750% w/3% 0.50%
FHA (660)

FHA 660 Highlights

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum purchase price $484,350 (remember to check agency limits)
  • Maximum income limit $98,500
  • 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

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum purchase price $484,350 (remember to check agency limits)
  • Maximum income limit $98,500
  • 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

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum purchase price $484,350
  • Maximum income limit $98,500
  • 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 6.125% w/4% 0.50%
FHA

FHA 660 Highlights

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum purchase price $484,350 (remember to check agency limits)
  • Maximum income limit $98,500
  • 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

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum purchase price $484,350 (remember to check agency limits)
  • Maximum income limit $98,500
  • 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
Conventional (3% DPA)

HFA Preferred Conventional Highlights

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum income limit per county (click here for county limits)
  • 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 5.750% w/3% 0.50%
Conventional (4% DPA)

HFA Preferred Conventional Highlights

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum income limit per county (click here for county limits)
  • 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.

6.125% w/4% 0.50%
Conventional (5% DPA)

HFA Preferred Conventional Highlights

  • Available Statewide
  • You do not need to be a first-time homebuyer
  • Maximum income limit per county (click here for county limits)
  • 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.

6.375% w/5% 0.50%
Home Is Possible For First-Time Homebuyers
FHA/VA/USDA

Home Is Possible for First-Time Homebuyers Highlights (FHA/VA/USDA-RD)

  • Available Statewide
  • 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)
  • 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% 0.50%
Conventional

Home Is Possible for First-Time Homebuyers Highlights (Conventional)

  • Available Statewide
  • 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)
  • 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% 0.50%
*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.

HIPP_Other_pro

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.