Today’s Rates

Rates as of March 4, 2024*

HIP for First-Time Homebuyers

HIP Programs
FHA, VA & USDA
FICO Credit Score
640
Mortgage Rate
6.375%
Down Payment Assistance
w/2%
Second Mortgage
30-yr note
Description

Home Is Possible for First-Time Homebuyers Highlights (FHA/VA/USDA-RD) 

  • You must be a first-time homebuyer (could not have owned a primary residence in the last 3 years)
  • Maximum purchase price & income limits per county: (View the limits by clicking on this link)
  • (see link under rate sheet for Targeted Areas)
  • Household income must be used in determining income
  • Cosigner’s income does not count towards income limits
  • Minimum credit score 640 (680 for manufactured homes)
  • Maximum debt ratio: 50% if 680+ credit score; 45% if less than 680 credit score (45% for Manufactured Homes)
  • DPA is in the form of a no interest, no payment 30-year note.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP Programs
FHA, VA & USDA
FICO Credit Score
640
Mortgage Rate
6.625%
Down Payment Assistance
w/4%
Second Mortgage
30-yr note
Description

Home Is Possible for First-Time Homebuyers Highlights (FHA/VA/USDA-RD) 

  • You must be a first-time homebuyer (could not have owned a primary residence in the last 3 years)
  • Maximum purchase price & income limits per county: (View the limits by clicking on this link)
  • (see link under rate sheet for Targeted Areas)
  • Household income must be used in determining income
  • Cosigner’s income does not count towards income limits
  • Minimum credit score 640 (680 for manufactured homes)
  • Maximum debt ratio: 50% if 680+ credit score; 45% if less than 680 credit score (45% for Manufactured Homes)
  • DPA is in the form of a no interest, no payment 30-year note.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP Programs
Conventional
FICO Credit Score
640
Mortgage Rate
6.625%
Down Payment Assistance
w/2%
Second Mortgage
30-yr note
Description

First-time Homebuyer DPA Program

  • You must be a first-time homebuyer (could not have owned a primary residence in the last 3 years)
  • Maximum purchase price: Follow Agency Guidelines with a maximum of $570,000
  • 80% of County AMI or less (View the limits by clicking on this link)
  • Household income must be used in determining income
  • Cosigner's income does count towards program income limits (Fannie & Freddie requirement)
  • Minimum credit score 640 (680 for Manufactured Homes)
  • Maximum debt ratio: 50% (45% for Manufactured Homes)
  • DPA is in the form of a no interest, no payment 30-year note

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP Programs
Conventional
FICO Credit Score
640
Mortgage Rate
6.750%
Down Payment Assistance
w/4%
Second Mortgage
30-yr note
Description

First-time Homebuyer DPA Program

  • You must be a first-time homebuyer (could not have owned a primary residence in the last 3 years)
  • Maximum purchase price: Follow Agency Guidelines with a maximum of $570,000
  • 80% of County AMI or less (View the limits by clicking on this link)
  • Household income must be used in determining income
  • Cosigner's income does count towards program income limits (Fannie & Freddie requirement)
  • Minimum credit score 640 (680 for Manufactured Homes)
  • Maximum debt ratio: 50% (45% for Manufactured Homes)
  • DPA is in the form of a no interest, no payment 30-year note.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP Specialty Programs

HIP Programs
Teachers - FHA, VA & USDA
FICO Credit Score
640
Mortgage Rate
7.250%
Down Payment Assistance
$7,500
Second Mortgage
5-yr prorated
Description

HIP for Teachers FHA Highlights

  • Maximum purchase price - $766,550
  • Maximum income limit - $140,000
  • Non-purchasing spouse's income must be included when determining qualified income
  • Cosigner's income does not count towards income limits
  • Minimum credit score 640 (680 for manufactured homes)
  • Maximum debt ratio: 50% if 680+ credit score; 45% if less than 680 credit score (45% for Manufactured Homes)
  • Purchaser cannot own other property at time of close
  • Must be a Nevada licensed K-12 public or public charter school full-time classroom teacher
  • $7,500 DPA is in the form of a no interest, no payment prorated 5-year forgivable note.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP Programs
Teachers - Conventional
FICO Credit Score
640
Mortgage Rate
7.250%
Down Payment Assistance
$7,500
Second Mortgage
5-yr prorated
Description

HIP for Teachers Conventional Highlights

  • Maximum purchase price - $766,550
  • 80% of County AMI or less (View the limits by clicking on this link)
  • Non-purchasing spouse's income must be included when determining qualified income
  • Cosigner's income does count towards program income limits (Fannie & Freddie requirement)
  • Minimum credit score 640 (680 for manufactured homes)
  • Maximum debt ratio: 50% (45% for Manufactured Homes)
  • Purchaser cannot own other property at time of close
  • Must be a Nevada licensed K-12 public or public charter school full-time classroom teacher
  • $7,500 DPA is in the form of a no interest, no payment prorated 5-year forgivable note.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP Programs
Heroes - VA & USDA
FICO Credit Score
640
Mortgage Rate
7.250%
Down Payment Assistance
w/0%
Second Mortgage
N/A
Description

HIP for Heroes Highlights 

  • Maximum purchase price - $766,550
  • Maximum income limit - $140,000
  • Non-purchasing spouse's income must be included when determining qualified income
  • Cosigner's income does not count towards income limits
  • Minimum credit score 640 (680 for manufactured homes)
  • Maximum debt ratio: 50% if 680+ credit score; 45% if less than 680 credit score (45% for Manufactured Homes)
  • VA and USDA-RD loans only
  • Purchaser cannot own other property at the time of close

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP DPA

HIP Programs
FHA, VA & USDA
FICO Credit Score
640
Mortgage Rate
7.375%
Down Payment Assistance
w/3%
Second Mortgage
30-yr note
Description

HIP DPA Highlights

  • Maximum purchase price - $766,550
  • Maximum income limit - $140,000
  • Non-purchasing spouse's income must be included when determining qualified income
  • Cosigner's income does not count towards income limits
  • Minimum credit score 640 (680 for manufactured homes)
  • Maximum debt ratio: 50% if 680+ credit score; 45% if less than 680 credit score (45% for Manufactured Homes)
  • You do not need to be a first-time homebuyer under this program
  • Purchaser may own one other property outside the State of Nevada at time of close (see guidelines)
  • DPA is in the form of a no interest, no payment 30-yr note.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP Programs
FHA, VA & USDA
FICO Credit Score
640
Mortgage Rate
7.625%
Down Payment Assistance
w/5%
Second Mortgage
30-yr note
Description

HIP DPA Highlights

  • Maximum purchase price - $766,550
  • Maximum income limit - $140,000
  • Non-purchasing spouse's income must be included when determining qualified income
  • Cosigner's income does not count towards income limits
  • Minimum credit score 640 (680 for manufactured homes)
  • Maximum debt ratio: 50% if 680+ credit score; 45% if less than 680 credit score (45% for Manufactured Homes)
  • You do not need to be a first-time homebuyer under this program
  • Purchaser may own one other property outside the State of Nevada at time of close (see guidelines)
  • DPA is in the form of a no interest, no payment 30-yr note.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP Programs
Conv 80% AMI
FICO Credit Score
640
Mortgage Rate
7.500%
Down Payment Assistance
w/3%
Second Mortgage
30-yr note
Description

HIP DPA Highlights

  • Maximum purchase price - $766,550
  • 80% of County AMI or less (View the limits by clicking on this link)
  • Non-purchasing spouse's income must be included when determining qualified income
  • Cosigner's income does count towards income limits (per Fannie/Freddie guidelines)
  • Minimum credit score 640 (680 for manufactured homes)
  • Maximum debt ratio: 50% (45% for Manufactured Homes)
  • You do not need to be a first-time homebuyer under this program
  • Purchaser may own one other property outside the State of Nevada at time of close (see guidelines)
  • DPA is in the form of a no interest, no payment 30-yr note.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP Programs
Conv 80% AMI
FICO Credit Score
640
Mortgage Rate
7.750%
Down Payment Assistance
w/5%
Second Mortgage
30-yr note
Description

HIP DPA Highlights

  • Maximum purchase price - $766,550
  • 80% of County AMI or less (View the limits by clicking on this link)
  • Non-purchasing spouse's income must be included when determining qualified income
  • Cosigner's income does count towards income limits (per Fannie/Freddie guidelines)
  • Minimum credit score 640 (680 for manufactured homes)
  • Maximum debt ratio: 50% (45% for Manufactured Homes)
  • You do not need to be a first-time homebuyer under this program
  • Purchaser may own one other property outside the State of Nevada at time of close (see guidelines)
  • DPA is in the form of a no interest, no payment 30-yr note.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP Programs
Conv Over 80% AMI
FICO Credit Score
640
Mortgage Rate
7.625%
Down Payment Assistance
w/3%
Second Mortgage
30-yr note
Description

HIP DPA Highlights

  • Maximum purchase price - $766,550
  • Maximum income limit - $140,000
  • Non-purchasing spouse's income must be included when determining qualified income
  • Cosigner's income does not count towards income limits
  • Minimum credit score 640 (680 for manufactured homes)
  • Maximum debt ratio: 50% (45% for Manufactured Homes)
  • You do not need to be a first-time homebuyer under this program
  • Purchaser may own one other property outside the State of Nevada at time of close (see guidelines)
  • DPA is in the form of a no interest, no payment 30-yr note.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP Programs
Conv Over 80% AMI
FICO Credit Score
640
Mortgage Rate
7.875%
Down Payment Assistance
w/5%
Second Mortgage
30-yr note
Description

HIP DPA Highlights

  • Maximum purchase price - $766,550
  • Maximum income limit - $140,000
  • Non-purchasing spouse's income must be included when determining qualified income
  • Cosigner's income does not count towards income limits
  • Minimum credit score 640 (680 for manufactured homes)
  • Maximum debt ratio: 50% (45% for Manufactured Homes)
  • You do not need to be a first-time homebuyer under this program
  • Purchaser may own one other property outside the State of Nevada at time of close (see guidelines)
  • DPA is in the form of a no interest, no payment 30-yr note.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

Home First DPA Program (47 loans still available)

HIP Programs
FHA, VA & USDA
FICO Credit Score
640
Mortgage Rate
6.625%
Down Payment Assistance
$15,000
Second Mortgage
Forgiven 12/31/26
Description

Home First DPA Program

  • You must be a first-time homebuyer (could not have owned a primary residence in the last 3 years)
  • Maximum purchase price: Follow Agency Guidelines with a maximum of $570,000
  • Income Limits: 300% of Poverty Level (View the limits by clicking on this link)
  • Household income must be used in determining income
  • Cosigner's income does not count towards income limits
  • Minimum credit score 640 (680 for Manufactured Homes)
  • Maximum debt ratio: 50% if 680+ credit score; 45% if less than 680 credit score (45% for Manufactured Homes)
  • At least one occupying borrower must be a resident of Nevada for a minimum of 6 months prior to reservation.
  • DPA will be structured as a one-time up-front, forgivable loan in the amount of $15,000 (cannot be used for closing costs). DPA will be in the form of a no interest, no payment, 3-year forgivable second mortgage. Loan will be forgiven at the end of three (3) years or December 31, 2026, whichever occurs first.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

HIP Programs
Conventional
FICO Credit Score
640
Mortgage Rate
6.625%
Down Payment Assistance
$15,000
Second Mortgage
Forgiven 12/31/26
Description

Home First DPA Program

  • You must be a first-time homebuyer (could not have owned a primary residence in the last 3 years)
  • Maximum purchase price: Follow Agency Guidelines with a maximum of $570,000
  • Income Limits: 300% of poverty level or 80% of County AMI, whichever is less
  • Household income must be used in determining income
  • Cosigner's income does count towards program income limits (Fannie & Freddie requirement)
  • Minimum credit score 640 (680 for Manufactured Homes)
  • Maximum debt ratio: 50% (45% for Manufactured Homes) 
  • At least one occupying borrower must be a resident of Nevada for a minimum of 6 months prior to reservation.
  • DPA will be structured as a one-time up-front, forgivable loan in the amount of $15,000 (cannot be used for closing costs). DPA will be in the form of a no interest, no payment, 3-year forgivable second mortgage. Loan will be forgiven at the end of three (3) years or December 31, 2026, whichever occurs first.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

Conventional Loans – Fannie Mae & Freddie Mac 80% AMI or Less

(see income limits)

HIP Programs
Conventional - 0% DPA
FICO Credit Score
640
Mortgage Rate
7.250%
Down Payment Assistance
w/0%
Second Mortgage
N/A
Description

Highlights

  • Maximum purchase price $726,200
  • Maximum income limit per county (View the county limits by clicking on this link)
  • Non-purchasing spouse's income must be included when determining qualified income
  • Cosigner's income does count towards program income limits (Fannie & Freddie requirement)
  • Minimum credit score 640 (680 for manufactured homes)
  • Maximum debt ratio: 50% (45% for Manufactured Homes) 
  • Purchaser cannot own other property at the time of close
  • DPA is in the form of a no interest, no payment prorated 3-year forgivable note.

This information is meant to show program highlights. For underwriting criteria please see the Home Is Possible Administrative Guidelines.

*Please note the above rates are informational only and may change at any time.

Notices and Program Updates