Home Is Possible For Heroes

What is Home Is Possible For Heroes?

Home Is Possible For Heroes is a first mortgage for homebuyers in Nevada, administered by Nevada Housing Division (Home Is Possible).

• A statewide Nevada Housing Division homeownership program established in 2014 exclusively for veterans, active-duty military, National Guard members, and surviving spouses. It provides a below-market fixed interest rate 30-year government-insured loan to reduce the monthly mortgage payment, with no first-time homebuyer requirement, and can be combined with the Nevada Mortgage Tax Credit (MCC) with program fees waived. Delivered through a statewide network of more than 70 approved participating lenders rather than directly by NHD.
• Below-market fixed interest rate 30-year loan.
• Reduced monthly mortgage payment.
• No first-time homebuyer requirement.
• Can be combined with the Mortgage Tax Credit (MTC/MCC) with program fees waived.
• Statewide availability.
• Honors veterans and military service.
• Funding comes from Nevada Housing Division (bond-financed/HFA program).

Do you have to pay it back?

Home Is Possible For Heroes is a first mortgage and is repaid under the terms set by Nevada Housing Division (Home Is Possible).

• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Home Is Possible For Heroes is open to buyers who will live in the home as their primary residence.

What are the income limits?

Home Is Possible For Heroes limits household income to $95,500.

• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Home Is Possible For Heroes caps the purchase price at $400,000.

Is there eligibility for specific groups?

Home Is Possible For Heroes names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Home Is Possible For Heroes serves buyers purchasing anywhere in Nevada.

How do you apply?

Applications for Home Is Possible For Heroes go through Nevada Housing Division (Home Is Possible), which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact Nevada Housing Division (Home Is Possible) to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.