Who says teaching doesn’t have its perks?

The Professional Educators Home Loan Program offered through the Texas State Affordable Housing corporation  provides below market 30-year fixed rate mortgage loans to eligible homebuyers wishing to achieve the American dream of homeownership.  In addition to a low interest rate, this program offers down payment and closing cost assistance, up to 5% of the mortgage loan amount, in the form of a grant.

To be eligible for this program, a homebuyer must be:

• A full time Texas classroom teacher, teacher’s aide, school librarian, school nurse, school counselor, or allied health or professional nursing program faculty member;
• A first-time homebuyer or have not had an ownership interest in any principal residence during the last three years or purchasing a property in a targeted area;
• Reside in Texas;
• Meet the income and home purchase price limits;
• Meet standard mortgage underwriting requirements demonstrating credit worthiness; and
• Occupy the purchased home as their primary residence.

Those meeting these eligibility requirements should contact one of our participating lenders to access this program.  For more information visit www.tsahc.org, www.texasareahomes.com,  or call one of these contacts.

Debbie Copeland RE/MAX Trinity – Rookie brokerage of the year RE/MAX Texas 817-304-2914

Texas State Affordable Housing Corporation 1005 Congress Avenue, Suite 500 Page McGilloway, Single Family Programs 888638-3555 x 411