Mortgage Loan Programs for Educators
CRA - Community Reinvestment Act - See if your property is in the designated areas for a 0.50% gift. This can be used to buy down the interest rate or apply towards closing costs.This applies to new home purchase and refinances.
Home Ready - Designated to help borrowers buy homes with LOW down payment with no borrower contribution. The program allows for using non-traditional sources of income from non-occupant borrowers ( parents and relatives) You may also use income from a "boarder "to qualify. New purchase only.
HARP Program - EXTENDED!!! September of 2017
Fed says 300,000 home owners can benefit.
* Refinance with historically LOW rates.
* New Home Purchase.
* Home Improvement Loans.
* Less than perfect credit loans
* $500 Cash Back Program.
Please fill out the Short Form and submit for a no cost, no obligation consultation with a EDU lending specialist. A representative will contact you upon receiving your submission request.
Whether you are a K-12 ISD Teacher, Principal, Administrator, Nurse, Librarian, Professor, Adjunct Faculty or Secretary you may participate!
Community College and University employees are also welcome.
Over 40,000 educators have participated in this unique Partnership since 2001.