Nevada Home is Possible for Teachers

The Nevada Home is Possible for Teachers program is a very special down payment assistance program being offered through the Nevada Housing Division.  

Home is Possible for Teachers offers full-time K-12 teachers the opportunity to receive up to $7,500 in bonus money towards their down payment and/ or buyer closing costs on their new home!  

Let's break it down and see if this program is for you or your favorite teacher!

Key Benefits:

• $7,500 in Bonus Money
• Bonus money can be used for down payment and/ or closing costs
• Forgivable after 5 years of living in the home you purchase
• Below-market fixed interest rate 30-year loan (Current Home is Possible for Teachers Rates: Today's Rates) 
• Available anywhere in Nevada
• Great for teacher first time home buyer but not a requirement... NO first-time homebuyer requirements!
• Can be used with the Mortgage Credit Cerfitcate (MCC) program with program fees discounted 

Home is Possible for Teachers 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

Approved Home is Possible for Teachers Lenders

Let's Find your New Home together!