Posted in Home is Possible for Teachers

Home is Possible for Teachers

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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

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