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

Bill Merren is Loan Advisor with New American Funding in Las Vegas Nevada

Josh Coomer is Loan Officer with Mann Mortgage

Let's Find your New Home together!

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