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Showing posts from May, 2024

Educator Advantage: Navigating Home Buying Programs for Teachers

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Every teacher dreams of buying a home, but the down payment between salary limitations and rising housing costs can seem unsustainable. No need to worry! Educator Mortgage offers several programs to help educators achieve their dream of buying a home. Let's explore these options and ways teachers in California can save on purchasing a home. Teacher Home Buying Grants: Teacher Next Door Program: This program helps qualified teachers nationwide by giving them funds and help with down payment. Grants are worth up to $8,000, and down payment help is worth $10,681. It also makes it easier to buy a house with the program's help. Eligibility: To qualify for the Teacher Next Door Program, borrowers must work with an agent who works with this program. However, they must be pre-K through 12th-grade public or private school teachers and college and university professors. Some benefits of the program are also available to non-instructional school employees, such as school administrator