Home is Possible
Nevada Housing Division, HIP | At-A-Glance
| AVAILABLE PROGRAMS | HIP |
| ELIGIBLE AREA | Entire state of Nevada |
| BULLETINS | Bulletins |
| ELIGIBLE BORROWER(S) | NO First-time homebuyer requirement in this program |
| RATES | SEE CHART |
| DPA AVAILABLE | See Rates/Offerings Table |
| LOAN TYPE | SEE CHART |
| HiP INCOME LIMITS | HiP Income Limits |
| HiP LOAN LIMITS | The program does not establish a maximum or minimum loan amount or purchase price for this program. Lenders must comply with agency limits per loan guidelines (FHA, Fannie Mae, etc.). The Program does not permit Jumbo loans. |
| TIMELINE REQUIREMENTS | 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing. |
| HOMEBUYER EDUCATION | Homebuyer Education |
| CO-SIGNORS | Co-Signer and Non-Occupant Co-Borrowers are permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines. |
| PROGRAM GUIDELINES | Program Guidelines |
| PARTICIPATING LENDERS | Participating Lenders |
Home is Possible for First- Time Buyers
Nevada Housing Division, HIP FTHB | At-A-Glance
AVAILABLE PROGRAMS
Home Is Possible for First-Time Buyers
QUESTIONS
Questions
ELIGIBLE AREA
Entire state of Nevada
BULLETINS
Bulletins
ELIGIBLE BORROWER(S)
Borrower and non-purchasing spouse must be first-time buyers.
RATES
See Chart
DPA AVAILABLE
See Chart
LOAN TYPE
See Chart
INCOME AND PURCHASE PRICE LIMITS
Income and Purchase Price Limits
TIMELINE REQUIREMENTS
70 days from reservation (in eHPortal) to loan purchase by US Bank.
HOMEBUYER EDUCATION
Homebuyer Education
CO-SIGNORS
All loan products - For purposes of the Program, cosigners are non-occupying loan guarantors only. They are not permitted to occupy the property, may not sign the Deed of Trust and may not have any vested interest in the property. Cosigners are permitted per Agency (FHA, USDA-RD, VA), GSE and U.S. Bank guidelines.
PROGRAM GUIDELINES
HIP for First-Time Buyers Guidelines
PARTICIPATING LENDERS
Participating Lenders
Worker Advantage
Nevada Housing, Worker Advantage | At-A-Glance
| AVAILABLE PROGRAMS | HiP Worker Advantage Program - Available Dec. 1st |
| ELIGIBLE AREA | Entire state of Nevada |
| BULLETINS | Bulletins |
| ELIGIBLE BORROWER(S) | NO First-time homebuyer requirement in this program. Must be a resident of Nevada for at least six months prior to loan reservation. |
| APPROVED PROFESSIONS | NHD HiP Worker Advantage Program Approved Professions |
| RATES | SEE CHART |
| DPA AVAILABLE | Borrowers will receive $20,000 in down payment assistance, which may be used in one of two ways: 1) Apply the full $20,000 toward down payment assistance and/or closing costs; OR 2) Pay discount points equal to 2% or 4% of the principal loan amount to permanently buy down the Worker Advantage Program interest rate. |
| LOAN TYPE | SEE CHART |
| INCOME LIMITS | NHD HiP Worker Advantage Program Income Limits |
| LOAN LIMITS | The program does not establish a maximum or minimum loan amount or purchase price for this program. Lenders must comply with Agency or GSE limits per loan guidelines . The Program does not permit Jumbo loans. |
| TIMELINE REQUIREMENTS | 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing. |
| HOMEBUYER EDUCATION | Homebuyer Education |
| CO-SIGNORS | Co-Signer and Non-Occupant Co-Borrowers are permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines. |
| PROGRAM GUIDELINES | NHD Worker Advantage Guidelines |
| PARTICIPATING LENDERS | Participating Lenders |
Home Attainability
Home Attainability, Nevada Housing Division | At-A-Glance
| AVAILABLE PROGRAMS | Home Attainability - Coming Soon |
| ELIGIBLE AREA | Entire state of Nevada |
| BULLETINS | Bulletins |
| ELIGIBLE BORROWER(S) | NO First-time homebuyer requirement in this program |
Today’s Rates & Offerings
Nevada Housing Division, Home is Possible | Rates & Offerings
| [ Business Days 8:00am - 7:00pm PT ] | |||
|---|---|---|---|
| Home is Possible (HiP) | |||
| Offering | FICO | DPA | Lock Rate |
| CLICK HERE FOR TODAY’S RATES | |||
| First Mtg | |||
| 30 Year, Fixed Rate, Amortized | |||
| SRP 2.25% | |||
| DPA – please reference the Guidelines Tab for details | |||
| Teachers = 5 year forgivable | |||
| HIP = 30 year Deferred Second | |||
| Home is Possible (HIP) Worker Advantage | |||
| Offering | FICO | DPA | Lock Rate |
| CLICK HERE FOR TODAY’S RATES | |||
| First Mtg | |||
| 30 Year, Fixed Rate, Amortized | |||
| SRP 2.25% | |||
| DPA 20K - Please Reference Guidelines for Discount Options | |||
Home First DPA
Nevada Housing Division, HIP | At-A-Glance
AVAILABLE PROGRAMS
HIP
ELIGIBLE AREA
Entire state of Nevada
BULLETINS
Bulletins
ELIGIBLE BORROWER(S)
NO First-time homebuyer requirement in this program
RATES
SEE CHART
DPA AVAILABLE
See Rates/Offerings Table
LOAN TYPE
SEE CHART
HiP INCOME LIMITS
HiP Income Limits
HiP LOAN LIMITS
The program does not establish a maximum or minimum loan amount or purchase price for this program. Lenders must comply with agency limits per loan guidelines (FHA, Fannie Mae, etc.). The Program does not permit Jumbo loans.
TIMELINE REQUIREMENTS
70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION
Homebuyer Education
CO-SIGNORS
Co-Signer and Non-Occupant Co-Borrowers are permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines.
PROGRAM GUIDELINES
Program Guidelines
PARTICIPATING LENDERS
Participating Lenders
HIP Options
Nevada Housing Division, HIP FTHB | At-A-Glance
AVAILABLE PROGRAMS
Home Is Possible for First-Time Buyers
QUESTIONS
Questions
ELIGIBLE AREA
Entire state of Nevada
BULLETINS
Bulletins
ELIGIBLE BORROWER(S)
Borrower and non-purchasing spouse must be first-time buyers.
RATES
See Chart
DPA AVAILABLE
See Chart
LOAN TYPE
See Chart
INCOME AND PURCHASE PRICE LIMITS
Income and Purchase Price Limits
TIMELINE REQUIREMENTS
70 days from reservation (in eHPortal) to loan purchase by US Bank.
HOMEBUYER EDUCATION
Homebuyer Education
CO-SIGNORS
All loan products - For purposes of the Program, cosigners are non-occupying loan guarantors only. They are not permitted to occupy the property, may not sign the Deed of Trust and may not have any vested interest in the property. Cosigners are permitted per Agency (FHA, USDA-RD, VA), GSE and U.S. Bank guidelines.
PROGRAM GUIDELINES
HIP for First-Time Buyers Guidelines
PARTICIPATING LENDERS
Participating Lenders
Worker Advantage
Nevada Housing, Worker Advantage | At-A-Glance
| AVAILABLE PROGRAMS | HiP Worker Advantage Program - Available Dec. 1st |
| ELIGIBLE AREA | Entire state of Nevada |
| BULLETINS | Bulletins |
| ELIGIBLE BORROWER(S) | NO First-time homebuyer requirement in this program. Must be a resident of Nevada for at least six months prior to loan reservation. |
| APPROVED PROFESSIONS | NHD HiP Worker Advantage Program Approved Professions |
| RATES | SEE CHART |
| DPA AVAILABLE | Borrowers will receive $20,000 in down payment assistance, which may be used in one of two ways: 1) Apply the full $20,000 toward down payment assistance and/or closing costs; OR 2) Pay discount points equal to 2% or 4% of the principal loan amount to permanently buy down the Worker Advantage Program interest rate. |
| LOAN TYPE | SEE CHART |
| INCOME LIMITS | NHD HiP Worker Advantage Program Income Limits |
| LOAN LIMITS | The program does not establish a maximum or minimum loan amount or purchase price for this program. Lenders must comply with Agency or GSE limits per loan guidelines . The Program does not permit Jumbo loans. |
| TIMELINE REQUIREMENTS | 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing. |
| HOMEBUYER EDUCATION | Homebuyer Education |
| CO-SIGNORS | Co-Signer and Non-Occupant Co-Borrowers are permitted by the program subject to the Lender following all applicable loan agency and US Bank guidelines. |
| PROGRAM GUIDELINES | NHD Worker Advantage Guidelines |
| PARTICIPATING LENDERS | Participating Lenders |
Work Attainability
Home Attainability, Nevada Housing Division | At-A-Glance
| AVAILABLE PROGRAMS | Home Attainability - Coming Soon |
| ELIGIBLE AREA | Entire state of Nevada |
| BULLETINS | Bulletins |
| ELIGIBLE BORROWER(S) | NO First-time homebuyer requirement in this program |