Usda | Home Buying Loan Programs For Teachers

: Must be a modest, safe, and sanitary primary residence. Some lenders may restrict homes with in-ground swimming pools or those larger than 2,000 square feet. Complementary Programs for Teachers

: Low and very-low-income applicants who cannot obtain other financing. usda home buying loan programs for teachers

: Provides average savings of $3,000 through reduced lending fees and rebates when using their network of specialists. Single Family Housing Guaranteed Loan Program : Must be a modest, safe, and sanitary primary residence

: Requires a 1% upfront guarantee fee and a 0.35% annual fee , both of which can typically be rolled into the loan. Structure : Typically a 30-year fixed-rate mortgage. Single Family Housing Direct Home Loans : Provides average savings of $3,000 through reduced

: Offers a 50% discount on the list price of homes in designated revitalization areas for teachers who commit to living there for three years.

If you are buying in a non-rural area, you may consider these teacher-specific alternatives:

: Teachers changing school districts can still qualify if they have a signed contract and a verified one-year employment history.