Teachers:
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.

Key Benefits:

  $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

 Statewide program

 No first-time homebuyer requirement

 Can be combined with the Mortgage Credit Certificate (MCC)
 program with program fees discounted

Program 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

 Funding amount available for 300 teachers, provided on a first come,
 first served basis