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Mortgage programs for teachers in Nevada

Trying to find out if any mortgage or down payment assistance programs for educators in Nevada exist? I have been teaching at the high school level for 2 years, am paying off student loans from my masters degree (obtained last year) and do not have a lot to put down as a result. My credit is 728 though and I've never defaulted on any student or car loan ever. Please let me know by ferenza.lee7842265 from Reno, Nevada. Jun 16th 2014 Reply


Chris Gummerson (cgummerson11)
#397 ranked lender in California - 648 contributions

You can do FHA with 3.5% down and either get the down payment as a gift from family, or possibly local city grants to help you finance the down payment. See what grants your city may have for you.

Jun 16th 2014
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Colby Neal (ScottsdaleInsurance)
#109 ranked lender in Arizona - 71 contributions

Yes, a GIFT from a family member or friend is an option. Google and check to see if the city or county has a down payment assistance program (or Grant). Banks / Lender's don't provide the DPA - it would come from a program outside of banking.

Jun 16th 2014
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Nathan Kessler (nathan.kessler@guaranteedrate.com)
#44 ranked lender in Nevada - 81 contributions

There are Down Payment Assistance programs available in Nevada. Call me today, and I will be more than happy to explore your options with you. Nathan Kessler, City First Mortgage Services (702) 522-6745. I look forward to your call.

Jun 16th 2014
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

FHA has the "Good Neighbor" program which allows you to purchase select homes at a drastic reduction.. the down side to this program is that these homes are usually in the worst of neighborhoods. I have had countless educators inquire about this program here in AZ, and once they see the home / neighborhood, not one of them has ever moved forward on this purchase.. Regular FHA financing requires 3.5% down, and conventional programs require 5% down.. If you have VA benefits available to you, you can purchase with zero down.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jun 16th 2014
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Ken Burrows (mortgagesforamerica)
#19 ranked lender in Nevada - 572 contributions

We offer a 1/2% down program in Nevada. It is an FHA loan with a 3% second. Get into touch with me if I can help.. 888-320-7888 - Ken@MortgagesforAmerica.org - Ken Burrows

Jun 16th 2014
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