Teachers help the lives of millions of students everyday helping our communities excel in education. The Home Is Possible For Teachers™ Program allows us to give back to those that help educate our young minds. Receive up to $7,500 towards your down payment or closing costs and as a little extra credit we will donate up to 1% of our commission towards your dream of homeownership!
KEY BENEFITS:
•$7,500 In bonus money in the form
Of a second mortgage
•Simmons Home Group will contribute up to
1% of their commission
•Usable for down payment or closing costs
•Forgivable after 5 years (must stay in your home)
•Below-market fixed interest rate 30 year fixed
•Statewide Program
•No First-Time Homebuyer Requirement
•Can be combined with Mortgage Credit
Certificate (MCC) Program with program
fees discounted
PROGRAM REQUIREMENTS:
•Must be a licensed, full-time K-12 Public school
teacher in Nevada
•Qualifying income below $98,500
•Home price below $400,000
•Minimum credit score 660 for FHA or 640
for VA/USDA
•Government insured loans only
(No conventional loans)
•Teacher must live in home as primary residence
•Homebuyer education course required
•Standard underwriting guidelines apply
One time fee of $675 on first mortgage