Home Is Possible For Teachers

Nevada offers a fantastic program called Home Is Possible For Teachers, designed to help educators achieve homeownership with significant financial assistance. This program provides $7,500 in forgivable down payment and closing cost assistance, making it easier than ever for our community's teachers to buy a home.

Program Benefits

• $7,500 in Assistance: Receive a generous, forgivable loan to cover your down payment and closing costs.
• Forgivable Loan: The assistance is completely forgiven after five years of living in the home.
• Competitive Rate: Access a competitive fixed interest rate on a 30-year loan.
• Statewide Availability: The program is available for eligible properties across Nevada.
• No First-Time Buyer Requirement: You do not have to be a first-time homebuyer to qualify.

Eligibility Requirements

Specific eligibility criteria apply to this program. You must be:

• A licensed full-time K-12 public school teacher in Nevada.
• Meet income and home price limits (currently $165,000 and $806,500, respectively).
• Have a minimum credit score of 640 (680 for manufactured homes).
• Plan to live in the home as your primary residence.
• Complete a required homebuyer education course.