Program Information

Before you get with the programs, get the 411.

Our homebuying programs have helped thousands of Nevadans discover the sweetness of homeownership. We’re thirsty for more, and we want you to come along for the ride. 

As a HIP-qualified lender, you’re the one who makes the bonus money and mortgage savings happen. In the process, you’ll also inspire folks to hang ‘Home Sweet Home’ needlepoints on their walls. Occupational hazard. 

Here’s a taste of the program benefits and requirements for our most popular homebuyer programs. If you like what you see, find out how to become an qualified lender on our aptly named How To Become A Lender page. 

Home Is Possible

Key Benefits

  • Get up to 5% of the loan value
  • Usable for down payment and closing costs
  • Forgivable after three years (if your stay in your home)
  • Attractive 30-year interest rate
  • No first-time homebuyer requirement
  • Financing available for manufactured homes
  • Statewide program

Program Requirements

  • Borrower may not own property at the time of closing
  • For government loans (FHA, USDA, VA) — qualifying income must be below $98,500
  • For conventional loans (HFA-preferred) — please visit our income limits by county page
  • Home price below $484,350
  • Minimum credit score of 640
  • Must live in home as primary residence
  • Homebuyer education course required
  • Must meet standard underwriting requirements
  • One-time fee of $675

Home Is Possible For Heroes

Key Benefits

  • Below-market fixed interest rate 30-year loan
  • Reduces monthly mortgage payment
  • No first-time homebuyer requirement
  • Statewide program

Program Requirements

  • Borrower may not own other property at the time of closing
  • Qualifying income below $98,500
  • Home price below $484,350
  • VA or USDA loans only
  • Minimum credit score of 640
  • Homebuyer must live in home as primary residence
  • Homebuyer education course required
  • Must meet standard underwriting requirements
  • One-time fee of $675

Home Is Possible For Teachers

Key Benefits

  • $7,500 in bonus money
  • Usable for down payment and closing costs
  • Forgivable after five years (if you stay in your home)
  • Below-market fixed interest rate 30-year loan
  • Statewide program
  • No first-time homebuyer requirement

Program Requirements

  • Borrower may not own property at the time of closing
  • Must be a licensed full-time K-12 public school classroom teacher in Nevada
  • Qualifying income below $98,500
  • Home price below $484,350
  • Minimum credit score of 660 for FHA / 640 for VA, USDA
  • Government insured loans only (no conventional loans)
  • Teacher must live in home as primary residence
  • Homebuyer education course required
  • Must meet standard underwriting requirements
  • One-time fee of $675 on first mortgage

Additional Info

We support our homebuyers and our professional partners. That’s why we require a homebuyer education course and offer lenders and real estate pros chic marketing materials.

Here are some additional things you might want to brush up on.

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.

home is possible - a program 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.