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You are here: Home / Local Programs / Teachers – (HIP)

Home Down Payment Assistance – Teachers

The Nevada Housing Division offers a program called Home is Possible for Teachers to help Nevada teachers with down payment assistance when purchasing a home. The program will provide up to $10,000 towards down payment and/or closing costs for K-12 public school teachers.

Benefits – Teacher Home Down Payment Program

  • Program available statewide.
  • $10,000 in bonus money usable toward down payment and closing costs. (forgivable after 5 years of continued occupancy).
  • No requirement to be a first-time home buyer.
  • Reduced monthly mortgage payments due to fixed below market interest rate.
  • Can combine with the MCC (Mortgage Credit Certificate) program.

Requirements – Teacher Home Down Payment Program

  • Must be a licensed full-time K-12 public school teacher in Nevada.
  • Teachers income must be below $95,500.
  • Teachers credit score is at least 660.
  • Desired home purchase price below $400,000. See Northern Nevada homes for sale that qualify for down payment assistance now.
  • Only for Government insured loans.
  • Teacher must occupy home as primary residence.
  • Teacher meets standard underwriting requirements.
  • Program fee of $675 (one-time).
  • Funding limited to 300 teachers.

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


Additional State of Nevada Home Buyer Resources

Income Tax Credits
Military Programs
First Time Buyer Programs
Veterans Programs
Teacher Programs
Rural Programs

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