Homebuyers:
A HIP-qualified lender is the best place to start your mortgage journey. They have the most-up-to-date rates, as well as program information that could stretch your homebuying budget.
Lenders:
The Home Is Possible program is designed to help qualified Nevadans make the dream of home ownership a reality. See how these programs can help grow your referrals today! Please mouse over the “HIP Programs” column for program highlights.
Rates as of August 11, 2022* | |||||
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HIP Programs | On hover Content | FICO Credit Score | Mortgage Rate | Down Payment Assistance | Second Mortgage |
HIP for First-Time Homebuyers (see income limits) | |||||
FHA, VA & USDA |
Home Is Possible for First-Time Homebuyers Highlights (FHA/VA/USDA-RD)
This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines. |
660 | 5.250% | w/2% | 3-yr prorated |
FHA, VA & USDA |
Home Is Possible for First-Time Homebuyers Highlights (FHA/VA/USDA-RD)
This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines. |
660 | 5.625% | w/4% | 3-yr prorated |
HIP Specialty Programs (single borrower income to $105,000, two or more borrowers income to $135,000) | |||||
Heroes - VA & USDA |
HIP for Heroes Highlights
This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines. |
640 | 5.250% | w/0% | N/A |
Teachers (FHA) |
HIP for Teachers FHA Highlights
This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines. |
660 | 5.250% | $7,500 | 5-yr prorated |
Teachers (VA & USDA) |
HIP for Teachers VA and USDA Highlights
This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines. |
640 | 5.250% | $7,500 | |
Conventional Loans – Fannie Mae & Freddie Mac 80% AMI or Less (see income limits) | |||||
Conventional (0% DPA) |
Highlights
This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines. |
640 | 5.375% | w/0% | N/A |
*Please note the above rates are informational only and may change at any time.
Notices and Program Updates
Household Income and Qualified Income
Underwriter Certification & Non-Purchasing Spouse
1000 Home is Possible for Teachers!
U.S. Bank 6-month Employment Overlay
U.S. Bank's Guildlines on URLA
Co-Signer vs. Non-Occupant Co-Borrower
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