Teachers: Take the smart way home.
This program is available through December 31, 2024.
Teachers make it their life’s work to educate young minds. To show our appreciation, we've created the Home Is Possible For Teachers program. 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.
Program Benefits:
- $7,500 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
Eligibility Requirements:
- Must be a licensed full-time K–12 public school classroom teacher in Nevada
- Qualifying income up to $160,000
- Home price up to $766,550 (see Agency Guidelines)
- Minimum credit score 640 (680 for manufactured homes)
- Maximum debt ratio: 50% based on credit score and loan type (see guidelines)
- Purchaser cannot own other property at time of close
- Teacher must live in home as primary residence
- Homebuyer education course required
- Must meet standard underwriting requirements
Get started by finding an approved lender today.