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Home is Possible for Teachers

Attention Nevada Teachers!

Did you know there is a special program available to you for purchasing a home here in Nevada?

If not, listen up…

The Nevada Housing Division wants to show teachers how much they appreciate them by the creation of this special program just for you! One of the thoughts behind this creation is that

Teachers:
Take the smart way home.

This program is only available through September 30, 2020

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.

Are you a teacher that is residing or looking to reside in Nevada? Then consider purchasing a home and taking advantage of this program.

Check out the program benefits and requirements.

What is it you say?

The program is called “Home is Possible (HIP)” This is a super amazing, gravity-defying homebuyer program that offer opportunity, savings and yes, bonus money. If you meet the income limits, credit score minimums and house price maximums, you’ll be well on your way to taking advantage of our homebuyer-friendly programs.

Watch Video Clip Here

Check out the benefits for teachers:

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

Program Requirements:

Borrower may not own property at the time of closing
Must be a licensed full-time K-12 public school classroom teacher in Nevada
Qualifying income below $98,500
Home price below $510,400
Minimum credit score of 660 for FHA / 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
One-time fee of $755 on first mortgage

These are the steps you need to take to get started:

See if you meet the qualifications of one or more of the programs
Find a HIP-qualified lender to get pre-approved

Get your homebuyer education on
Find a HIP – qualified real estate agent (that’s Me)
Work with your realestate agent to find a qualifying house and make an irresistible offer
Work with your lender on the paperwork to close escrow
Get the keys and celebrate!