Teacher Home Loans

One of the financial benefits of being a teacher is qualifying for a special home loan that includes a low rate guarantee and discounted fees. HUD introduced the teacher home loans with the Good Neighbor Next Door program that is designed to reward teachers when they buy a house in low or moderate-income neighborhood. Under the Teacher Next Door program, the school must certify that the borrower is a teacher working full-time or a school administrator.

Compare Loans and Rates on Special Teacher Mortgage Programs

Teachers are encouraged to apply for an FHA mortgage with a $100 down-payment. HUD also allows teachers to finance their closing costs. In most cases, borrowers are prohibited to finance the lender fees and closing costs on purchase loan transactions. Compare rates and Teacher loan terms now.

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Teacher Next Door Loan - The only catch for teachers financing a home with this program is that the home-buyer cannot have owned another house for one year prior to the time a purchase offer was given to the Realtor. In addition, borrowers must agree to reside in the property for three years without buying an additional home during that time frame. If buying a HUD home at a discount isn't enough, there are also home financing incentives that are offered exclusively to teachers.

Find Out If You Qualify for the Teacher Next Door Mortgage Loan

Teacher Home Loans

Our lenders have helped thousands of teachers get approved for unique home purchase mortgages. Take advantage of BD Nationwide's experience with home financing and cash back refinancing. Whether you need a help getting a little extra money with a 2nd mortgage or a complicated purchase of multiple homes, we have the staff to meet your finance needs without making your life stressful.

  • Low Rate Guarantees
  • Discounted Lending Costs
  • Reduced Down-Payments

About the Teacher Home Loan Program

The Department of Housing and Urban Development introduced unique teacher home loan incentives a few years ago. This entitlement program offers a 50% discount on single-family houses, townhouses and condominiums that are sold to a teacher. The qualified teacher may buy the HUD-owned home discounted up to 50% from the list price. The "Teacher Home Loan" is a unique program that reduces the costs and interest for qualified teachers looking to maximize the benefits of today's special financing initiatives.

Learn about the Good Neighbor Next Door Program for Teachers


Resource Tools


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