Take the smart way home.
Introducing 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.
$10,000 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
No first-time homebuyer requirement
Can be combined with the Mortgage Credit Certificate (MCC)
program with program fees discounted
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
Must meet standard underwriting requirements
One-time fee of $675 on first mortgage
Funding amount available for 300 teachers, provided on a first come,
first served basis