A real estate agent is typically the first professional that potential homebuyers seek out. Imagine how much your new clients will love you when you're able to find the house of their dreams AND bonus money to help pay for it. Surely, they'll tell two friends, and they'll tell two friends, and so on.

Here’s the speed-reader’s version of the benefits and requirements of our three most popular homebuyer programs. If you want to become a HIP-qualified real estate agent and be featured on our handy dandy agent finder, click here to find out how.

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

Mortgage Credit Certificate

Key Benefits

• Tax credit up to 20% of the interest paid on a mortgage loan
• Savings to continue each year based on the actual mortgage interest paid
• Remaining interest can be claimed as a tax deduction
• Debt-to-income ratio reduced; buying power increased
• Statewide program

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
• Maximum income and purchase price limits
• Must live in the home as the primary residence
• Homebuyer education course required
• One-time fees: $795 program fee plus $300 lender application fee

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

• 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.