Who qualifies for the teacher home loan?
Any full time employee at the primary, secondary or university level. This includes teachers, professors, administrators, librarians, counselors, administrative support and custodial staff. In addition, part time teachers are also eligible as long as the applicant has regularly scheduled hours and the position is the primary source of income. Please note that unfortunately, the Teacher Loan does not exist with the same terms and conditions as it did in 2008. We regret this fact, but will do everything in our power to secure the lowest rates and best terms available today. Can I get a loan in conjunction with the Teacher Next Door Program? Of course! In addition to getting 50% off the price of your home, as a teacher you are eligible to get preferred rates on the mortgage for that home. The teacher mortgage/teacher next door program combo is very powerful. Is buying in HUD specified areas a requirement? No. You may receive a large discount for buying in certain areas, but there are teac