Home is Possible for Teachers

For questions or more information, please contact

Dwight Pace
Homebuyer Program Supervisor
(775) 687-2236
  • Teacher

Introducing Home Is Possible for Teachers

To help Nevada communities recruit and retain teachers, NHD has introduced a new program, HIP For Teachers, which offers Nevada’s K-12 teachers $10,000 in bonus money toward the purchase of a new home.

Key Benefits:

• $10,000 in bonus money
• Usable for down payment and closing costs
• Forgivable after five years (if the teacher stays in the home)
• Below-market fixed interest rate
• Statewide program
• No first-time homebuyer requirement
• Can be combined with the 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 $95,500
    • Home price below $400,000
    • Minimum credit score of 660
    • Government insured loans only (no conventional loans)
    • Teacher must live in home as primary residence
    • Homebuyer education course required
    • Must meet standard underwriting requirements
    • One-time fee of $675 (also required to record a second mortgage)
    • Funding amount available for 300 teachers, provided on a first come, first served basis