
Home Is Possible™ Loan Program
Get bonus money. Buy a house. Celebrate. In a nutshell, that’s how the Home Is Possible program works.
THIS IS A PERMANENT PROGRAM!
Established by the state of Nevada in 2014, Home Is Possible helps homebuyers just like you to get up to 5% of the home loan value. That's thousands of dollars for a one-time fee of just $675. When you qualify, you can use that money for your down payment or closing costs.
Yes, really.
So what are the highlights of the Home Is Possible program? Here’s a handy dandy list.
Key Benefits:
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Get up to 5% of the loan value
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Usable for down payment and closing costs
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Forgivable after three years (if you stay in your home)
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Attractive 30-year interest rate
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No first-time homebuyer requirement
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Financing available for manufactured homes
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Statewide program
Program Requirements:
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Borrower may not own property at the time of closing
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For government loans (FHA, USDA, VA) — qualifying income must be below $98,500
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For conventional loans (HFA-preferred) — please visit our income limits by county page
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Home price below $484,350
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Minimum credit score of 640
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Must live in home as primary residence
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Must meet standard underwriting requirements
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One-time fee of $675
If you love the benefits of the Home Is Possible™ Program Find out if you qualify for thousands of dollars in bonus money, courtesy of Nevada Housing Division and our Home Is Possible program.
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