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 $7,500 in bonus money toward the purchase of a new home.

    Key Benefits:

    • $7,500 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 $98,500
      • 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