“The Teacher’s Mortgage Program offers a special low interest rate, and down payment assistance to make the dream of homeownership more affordable for certified public school teachers.”
Mortgage Services, Inc.
If you are a certified full-time or part-time public school teacher or vocational-technical
teacher employed by and teaching in your endorsement area in a priority or transitional
school district, or are certified to teach and are teaching in a state-identified subject matter
shortage area, you may qualify for the Teachers Mortgage Assistance Program. As a
certified school teacher, you will be qualified for a teacher mortgage loan based on
guidelines that include credit, income and employment history. The teacher mortgage
program offers financing of existing and newly constructed single family homes, existing
two- to four-family homes, eligible condominiums, and newly constructed two-family
The Teachers Mortgage Assistance Program Offers Many Benefits:
Teacher Mortgages are 30-Year fixed rate loans, carrying an interest rate below comparable market rates.
Down Payment Assistance (DAP) provides homeownership opportunities to eligible teachers who are unable to provide their own down payment.
Teacher Mortgage Program may be used to purchase an existing one- to four family home, a newly constructed single family home, or a newly constructed two family home in a targeted area.
24 Hour Preapprovals
To speak directly with a Teacher Mortgage Assistance Specialist call us today at (800) 922-3210, or apply online using our secure online teacher mortgage application.
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This teacher mortgage program is designed to help teachers overcome one of the main obstacles to owning a home - the down payment. With no money down required, the Teacher Mortgage makes it possible to afford a home now.
No down payment
100% mortgage financing available for teachers with good credit. Little or no cash needed.
All mortgage closing costs can come from a gift or other sources.
Less income required - makes it easier to qualify for a mortgage. Only two months' cash reserves needed - so borrowing is more affordable.