Teachers and educators, I have something for you. I bet you didn't know that there is special financial assistance is available for teachers seeking to buy a first home, refinance a home, or even repair an old home or add energy-saving improvements.
National Education Association:
With your membership, you have access to home financing programs to educators through Wells Fargo. Receive special terms on down payment amounts and interest rates. Following a successful purchase, the program offers a gift card rebate as well.
Department of Veterans Affairs:
Teachers who are also veterans, the Department of Veterans Affairs, also known as the VA, offers special financing. Potential benefits include no down payment, no private mortgage insurance, and more flexible credit score requirements.
Other government programs for educators:
The U.S. Department of Housing and Urban Development, the Federal Housing Administration, and the U.S. Department of Agriculture offers educator-specific options on mortgage financing or can connect you to local lenders who provide loans.
Ask your lender for a 'good faith estimate' that will give you an idea of what options you have!
