Nevada Down Payment Teacher Program Extended (Again!)
This program now good through December 31, 2019
Teachers make it their life’s work to educate young minds. That is why the Nevada Housing Division has 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:
$7,500 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:
Borrower may not own property at the time of closing
Must be a licensed full-time K-12 public school classroom teacher in Nevada
Qualifying income below $98,500
Home price below $484,350
Minimum credit score of 660 for FHA / 640 for VA, USDA
Government insured loans only (no conventional loans)
Teacher must live in home as primary residence
Must meet standard underwriting requirements
One-time fee of $675 on first mortgage
If you're a teacher in Nevada, give me a call to see if this program could benefit you!
Our team's dedication to helping our clients prove how we stand out from our competition. Read our past client reviews and testimonials here.
Franco Manueli
Branch Manager & Residential Mortgage Loan Originator
NMLS #332420
2580 St. Rose Pkwy., Suite #230
Henderson, NV 89074
Office: (702) 420-2250
Fax: (855) 689-6691
Some products and services may not be available in all states. Programs, rates, terms, and conditions are subject to change without notice. Subject to verification of borrower qualifications, property evaluations and credit approval. Terms and conditions apply. This is not a commitment to lend and not all borrowers will qualify. Sierra Pacific Mortgage Company, Inc. may not be the lender for all products offered. Some loans may be made by a lender with whom Sierra Pacific Mortgage has a business relationship. Sierra Pacific Mortgage Company, Inc. NMLS #1788. Nevada Commissioner of Mortgage License #3268. Additional license info available at: www.nmlsconsumeraccess.org. Equal Housing Lender.
