BENEFITS
$10,000 in bonus money (May use for down payment and closing costs)
Forgivable after 5 years (if you stay in the home)
No first-time homebuyer requirement
Below-market fixed interest rate 30-year loan
Statewide Program
May be combined with the Mortgage Credit
Certificate (MCC) program with program fees discounted
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 660
Government insured loans only (no conventional loans)
Teacher must live in home as primary residence
One-time fee $675 on below-market fixed interest rate first mortgage 0.5% origination fee will be charged