NV Housing Division: “Teachers’ First” Payment Assistance
- Maximum Income Limits for Clark County, 1-2 Person household: $77,640; for a household of 3+ Persons: $90,580.
- 640 minimum required credit score.
- Cannot have assets greater than 50% of the purchase price.
- Must use participating Lender for 1st Lien mortgage at 3.5%.
- Must attend 8-hour first time homebuyer education class with a HUD approved provider.
- Payment Subsidy: $15,000 as a 2nd Mortgage with 20 year term at 5.5%.