NEVADA HOME IS POSSIBLE FOR TEACHERS

Dated: 08/02/2019

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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

Contact me today to learn how home is possible for you! 

Lauren Gontero

702-918-2264

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