Home is Possible for Teachers

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Teachers: Take the smart way home.


Introducing Home Is Possible For TeachersTM

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.

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 requirementnhd_160549-teacher-prog-icon
  • 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 $95,500
  • 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 below-market fixed interest rate first mortgage
  • Required to record a second mortgage and pay associated fees
  • Funding amount available for 300 teachers, provided on a first come, first served basis

For more info: OneNevada.org

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