Program Information

Before you get with the programs, get the 411.

MCC lowers debt-to-income ratio.

First-time homebuyers can count the annual MCC tax credit toward their income, which lowers the debt-to-income ratio.

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 you stay in your home)
  • Attractive 30-year interest rate
  • No first-time homebuyer requirement 
  • Financing available for manufactured homes
  • Statewide program

Program Requirements: 

  • Qualifying income below $98,500 
  • Home price below $400,000 
  • Minimum credit score of 640 
  • Must live in home as primary residence for 3 years
  • Homebuyer education course required 
  • Must meet standard underwriting requirements
  • One-time fee of $675 (for both HIP and HIP-H)
 
Home Is Possible For Heroes
Key Benefits
  • Below-market fixed interest rate 30-year loan 
  • Reduces monthly mortgage payment
  • No first-time homebuyer requirement 
  • Can be combined with Mortgage Credit Certificate (MCC) with program fees waived
  • Statewide program

Program Requirements: 

  • Qualifying income below $98,500 
  • Home price below $400,000
  • Government issued loans only (no conventional loans)
  • Minimum credit score of 640 
  • Homebuyer must live in home as primary residence 
  • Homebuyer education course required 
  • Must meet standard underwriting requirements
 
Mortgage Credit Certificate Program
Key Benefits
  • Federal tax savings up to 30% of the interest paid on a mortgage loan (about $2,000 annually)
  • Savings to continue each year based on the actual mortgage interest paid
  • Remaining interest can be claimed as a tax deduction
  • $400 savings available when combined with the Home Is Possible program (together, known as Home Is Possible Plus)

Program Requirements

  • First-time homebuyers (have not owned a home in the past 3 years) or qualified veterans 
  • Households meeting normal FHA, VA, conventional or USDA RD underwriting requirements
  • Households within the maximum income and purchase price limits 
  • Must live in the home as the primary residence
  • One-time fees: $795 program fee plus $300 lender application fee

 

Home Is Possible Plus
Key Benefits

  • Non-repayable money up to 5% of the loan value (usable for down payment and closing costs)
  • Federal tax savings up to 30% of the mortgage interest paid (annually for the life of the loan)
  • Attractive 30-year interest rate
  • Financing available for manufactured homes

Program Requirements

 

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
  • Can be combined with the Mortgage Credit Certificate (MCC) program with program fees discounted

Program Requirements

  • Must be a licensed full-time K-12 public school teacher in Nevada
  • Qualifying income below $98,500
  • Home price below $400,000
  • Minimum credit score of 660
  • 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.

Mortgage Credit Certificate helps first-time homebuyers and qualified veterans save around $2,000 in taxes annually.

Down payment assistance Nevada - combining HIP and Mortgage Credit Certificate

HIP Plus™ combines the benefits of Home Is Possible and Mortgage Credit Certificate.

HIP 1500™ offers an additional $1,500 for closing costs on top of the thousands in bonus money—for a limited time. Conventional loans only.

Nevada veterans mortgage assistance - Home is Possible 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.