We work hard to keep our costs down and pass the savings on to you. That’s how we’re able to offer great loans—and great rates—that our competitors can’t match.
We offer same-day pre-approvals you can rely on. Find out your personalized rates in no time with our 5-Minute Loan Approval* application.
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What is the Teacher Appreciation Program?
Our Teacher Appreciation Program is a way to thank you for your dedication and sacrifice. Right now, we’re offering a $500 Target GiftCard to help pay for school supplies for all education professionals–including teachers, administrators, coaches, custodians and more–who purchase a new home or refinance this year. We’re doing this because we want to support the outstanding work America’s teachers do, both in our schools and in our communities.
Many teachers and other school staff face financial challenges due to limited income, but the process of receiving a home loan doesn’t have to be one of those challenges. When you call us to discuss your loan options, we’ll help connect you to the many options and assistance programs that can help secure great mortgages for teachers.
Does the Teacher Appreciation Program Work with Any Loan?
Yes! The Teacher Appreciation mortgage can be combined with other loans, including those that are designed to assist teachers and other public servants.
Good Neighbor Next Door program
The Department of Housing and Urban Development (HUD) offers the Good Neighbor Next Door program for K–12 teachers. It applies to eligible single-family homes in revitalization areas, and it provides an incentive in the form of a 50% discount off the list price of the home. The buyer has to commit to making the property their principal residence for 36 months.
For the purpose of this program, a person qualifies as a teacher if they are employed as a full-time teacher by a state-accredited public or private school and works in the locality where the home is located. The downside for some education professionals is that this program is only available to classroom teachers and does not apply to administrative or other types of school staff.
Teacher Next Door program
The Teacher Next Door program offers grants of up to about $4,000 and down payment assistance of up to about $10,000. All pre-K through 12th grade classroom teachers are eligible, as well as college and university professors. There is also a program for non-instructional school personnel including administration, office staff, lunchroom staff, custodians, and para-professionals.
Another key difference between Teacher Next Door and the HUD program is that education professionals taking advantage of this program can purchase any home on the market, regardless of the area.
State and local mortgage for teacher programs
There are many state, county, and local programs that teachers can take advantage of. For example, Homes for Texas Heroes applies to full-time K–12 public school professionals, including classroom teachers, teacher aides, school librarians, certified school counselors, and school nurses. It offers up to 5% down payment assistance, and you don’t have to be a first-time homebuyer to take advantage. Income limits vary by county. Remember, our Experts are knowledgeable about programs in different states and will help you understand all the options that are unique to your area.
How Can The Home Loan Expert help?
As a direct mortgage lender, The Home Loan Expert streamlines the entire mortgage process and makes everything easier on you. Because we handle the whole process, we’re able to approve loans that our competitors can’t, giving you more competitive terms that make your house buying or refinancing goals possible. Our unique approach also allows us to tailor home loan options to your unique needs as an education professional. No matter your situation, we’ll work hard to find the exact loan terms that work best for you.
Aside from being knowledgeable experts in our industry, we also provide superior customer service, taking good care of you from the moment you begin your approval process through closing. And, don’t forget that you’ll get a$500 Target GiftCard from usat closing!
We’re one of the fastest growing lenders in the nation, and our goal is to help more educators like you make their home buying dreams come to fruition. Our company was founded on a passion for helping people, and we’ll always put the needs of our customers first.
We appreciate everything you do as an educator,and we want to express our gratitude by helping you secure a great home loan with a rate you’ll love. Start your 5-Minute Loan Approval* app today to take advantage of our teacher appreciation loan program.