This home buyer program is like extra credit for teachers who help make Nevada a great place to live.
Check out the program benefits and requirements.
Key Benefits:
- $10,000 in bonus money
- Usable for down payment and closing costs
- Forgivable after five years (if you stay in your home)
- Below-market fixed interest rate 30-year loan
- 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 on below-market fixed interest rate first mortgage
- Required to record a second mortgage and pay associated fees
- Funding amount available for 300 teachers, provided on a first come, first served basis
Contact me for more information by the form to the right, call or text 702-542-3089 or email: LasVegasHomesByJennifer@yahoo.com
