Home Is Possible For Teachers

Nevada down payment assistance for teachers - Home is Possible

Take the smart way home.

Effective October 1st, 2017: Home Is Possible For Teachers

Teachers make it their life’s work to educate young minds. To show our appreciation, we've created Home Is Possible For Teachers. This homebuyer program is like extra credit for teachers who help make Nevada a great place to live.

Check out the program benefits and requirements.

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



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.

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.

Down payment assistance Nevada - combining HIP and Mortgage Credit Certificate

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

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