Educator home loan program

The Educator Mortgage Program was designed specifically for you! We understand that buying a home is a special and exciting experience, and we are committed to making the process an excellent one. FHA insured loans are advantageous for many reasons. The two most notable reasons are that FHA insured loans only require a 3.

Additionally, FHA has great refinancing options including a streamline refinance that requires no income documentation or appraisal. Your location. Search radius 10 mi 25 mi 50 mi mi mi mi. Results 25 50 75 Join the movement. You shape our children, our communities, our future. Let us serve you, your family, your future. Call us today.

The credit applies to all loan products other than Bond Programs, which are not eligible under the Educator Mortgage Program. The lender credit will be reflected on the Closing Disclosure. No part of Lender Credit can apply to or offset down payment. Our real estate agent was very awesome. He found a really affordable home for me and my husband without.

We are very grateful to have worked with our agent, she was always available to help us even after the deal. Thumbs up! Cashback and discount amounts are estimates.

A VA approved lender; Not endorsed or sponsored by the Dept. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend.

Not all applicants will qualify for all loan products offered. All loan programs, terms and interest rates are subject to change without notice. All fees are subject to state and federal high cost thresholds. Home Loans for Teachers. Helping Educators Reach Ownership. Get Started. Providing Incredible Savings to Educators.

How Much Can You Save? We are committed to giving back to educators by helping them qualify to purchase a home. Our programs for educators can get you a low rate mortgage, rebates, grants, credits at closing, and discounts with vendors.

When you put your money into purchasing a new home, you will have a solid investment for years to come. We are on a mission. Some approve borrowers with scores around the mark.

If your credit score is really poor, you may not find a willing lender at all. It can help you quickly rebuild your credit, allowing you to get the mortgage you want. The goal is usually is to find a lender with the lowest total cost of home buying or refinancing — in other words, the biggest savings over the life of the loan.

For instance, if your goal is to get on the homeownership ladder quickly, you might prefer to pay a bit more in the long run for lower upfront costs. Maybe you need a low down payment.

Or to save on closing costs. Just rely on the math. You can start your mortgage eligibility check here. Verify your new rate Jan 13th, How Soon Can I Refinance? How Often Can I Refinance? It Is Worth Refinancing For 0. Talk to a Lender: Home loans for teachers: 9 programs with big savings. Peter Warden The Mortgage Reports editor. July 15, - 11 min read. Are teacher home buying programs worth it? Teacher Next Door mortgage As the name implies, Teacher Next Door is tailored to educators — though some other public servants have recently gained access to it.

Some can even buy with no money down at all No fees — The program does not charge application fees or other upfront costs Teacher Next Door will also assist you with your loan application, helping to streamline the process by working with you on your purchase, financing, and closing paperwork. For the most part, online Teacher Next Door reviews say yes. Homes for Heroes Homes for Heroes is a nationwide network of real estate, mortgage, and local business professionals that offer home loan discounts to select buyers.