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You are here: Home / Local Programs / City Programs / City of Fallon Programs / Teacher Home Buyer Programs (Fallon)

City of Fallon – Teacher Home Buyer Programs

The City of Fallon offers Home is Possible for Teachers – developed by Nevada Housing Division. This program will benefit full-time teachers in the City of Fallon – with down payment assistance when buying a home. The program pays up to $10,000 towards down payment and/or closing costs for K-12 public school teachers!

Benefits – City of Fallon -Teacher Home Down Payment Program

  • Home Is Possible is available for teachers in the City of Fallon as well as available throughout the state of Nevada.
  • $10,000 in bonus money usable toward down payment and closing costs. (forgivable after 5 years of continued occupancy).
  • Can combine with the Mortgage Credit Certificate program.
  • No requirement to be a first-time home buyer.
  • Low monthly mortgage payments with fixed below market interest rates.

Requirements – City of Fallon -Teacher Home Down Payment Program

  • Available to licensed full-time K-12 public school teachers in the State of Nevada.
  • Teachers credit score is at least 660.
  • Home purchase price below $400,000. Look at Fallon – Homes for sale that will qualify for down payment assistance.
  • Must live in the purchased home as primary residence.
  • Teachers yearly salary must be below $95,500.
  • Only for us with Government insured loans.
  • Teacher meets standard underwriters requirements.
  • Must pay one-time program fee of $675.
  • Funding limited to 300 teachers – Apply NOW!

Get Started! Complete the form below to see if you qualify for this program.


City of Fallon Home Buyer Programs

First Time Home Buyer
Teacher Programs
Military Programs
Income Tax Credits
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