Teachers are you facing challenges when it comes to down payment?

Dated: January 25 2019

Views: 124

The Nevada Housing Division’s “Home is Possible for Teachers” program offers free money to low and middle income homebuyers who can afford a monthly mortgage payment, but may face challenges when it comes to securing a down payment and closing costs.

Teachers: Take the smart way home.



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
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.

Get started (HERE)

Blog author image

Kenneth Manesse

Helping you experience something new in Las Vegas that's guaranteed. Real Estate with less stress!....

Latest Blog Posts

Should You Negotiate When buying A Home In A Sellers Market?

Whether you are a first-time homebuyer or a seasoned veteran, the negotiation part of the transaction can be a little daunting and stressful. However, it is necessary to ensure you are getting the

Read More

27.9% of Las Vegas Local Property Sales - CASH

The total number of existing local homes, condos, town homes and other residential properties sold in Southern Nevada during 2021 was 50,010, according to lasvegasrealtor.com That was the first time

Read More

Las Vegas Predictions for 2022 Real Estate

Experts agree that the Las Vegas real estate housing market will continue to favor sellers for some time, possibly for years, but with slower growth in home prices and decelerating inflation. The

Read More

Las Vegas Most Underestimated Homeowner Project.

With growing demand for home remodeling and construction material shortages, budgeting accordingly for house projects has been unpredictable. Many homeowners may be getting sticker-shocked at how

Read More