Home is Possible Program

Get bonus money. Buy a house. Celebrate. In a nutshell, that’s how the Home Is Possible program works.

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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:

• Get up to 5% of the loan value

• Usable for down payment and closing costs

• Forgivable after three years (if you stay in your home)

• Attractive 30-year interest rate

• No first-time homebuyer requirement

• Financing available for manufactured homes

• Statewide program

Program Requirements:

• Borrower may not own property at the time of closing

• For government loans (FHA, USDA, VA) — qualifying income must be below $98,500

• For conventional loans (HFA-preferred) — please visit our income limits by county page

• Home price below $484,350

• Minimum credit score of 640

• Must live in home as primary residence

• Homebuyer education course required

• Must meet standard underwriting requirements

• One-time fee of $675

If you love the benefits and meet the qualifications, the next step is to find a Home Is Possible qualified lender. They’ll help you get thousands of dollars in bonus money, courtesy of Nevada Housing Division and our Home Is Possible program.

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