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Homeownership is closer than you think!

DOWN PAYMENT ASSISTANCE

HIP For Teachers™

Down Payment Assistance

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 home-buyer program is like extra credit for teachers who help make Nevada a great place to live.

This program is only available through June 30, 2020. 

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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

Requirements

✔ May not own property at the time of closing
✔ Must be a licensed full-time public school classroom teacher in Nevada
✔ Qualifying income below $98,500
✔ Home price below $510,400
✔ Minimum credit score of 660 for FHA
✔ Minimum credit score of 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
✔ Additional one-time fee of $755 on first mortgage

This down payment assistance program requires a home loan mortgage approval. Find out if you are approved by applying:

Home Loan Down Payment Assistance Programs:

Home Is Possible™
Down Payment Assistance

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HIP For Heroes™
Down Payment Assistance

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HIP For First-Time Homebuyers
Down Payment Assistance

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Home At Last
Down Payment Assistance

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Culinary & Bartenders Housing Partnership
Down Payment Assistance

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W.I.S.H.
Down Payment Assistance

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For more information about mortgage related programs

Get in contact with our home loan mortgage lending experts

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