Mortgages Loans For Teachers
An activist for education by the name of Malala Yousafzai once said “One book, one pen, one child, and one teacher can change the world.” A teacher’s basic job definition is to instruct other individuals in any subject matter that’s given. However, we’ve noticed a lot of teachers that constantly go above and beyond the basic definition and make their students inspired. We should be honoring our teachers every day, but today, May 9th, we would like to applaud all of the teachers out there who are making a difference to our youth and others on Teacher’s Appreciation Day.
One of the ways we would like to tip our hats to our educators is by offering a special loan program we would like to call Mortgages for Champions. With Mortgages for Champions, current and retired teachers with verification of past employment can take advantage of saving some money on their closing costs when they apply for a mortgage with us. This program doesn’t require teachers to pay certain closing fees like the loan application fee and mortgage underwriting fee when they want to purchase or refinance their homes*. That’s a lot of money that can be saved in the closing process.
We offer special programs for anyone who’s a first time home buyer, even the second timer buyer! We offer financing for those who are looking to purchase a single family home, a two to four family union, a condominium, a manufactured home, or mixed usage commercial properties like the stores with apartments above them. We also offer a 203K streamline loan to help growing families expand their home with more bedrooms or update their bathrooms. However, if the individual is satisfied with their location and home, but are looking on ways to save more money on their mortgage, they can take a look at refinancing their current home for up to a 97.75% loan to value of the appraised value of the home. Or, if cash money is needed, the borrower can take up to an 85% loan to value with our cash-out refinance program.
There are many reasons why anyone should thank a teacher daily. Not only our teachers should get the recognition, but our school guidance counselors, librarians, tutors, nurses, and athletic directors should be recognized as well. Residential Home Funding wants to extend their thanks and gratitude to all those individuals who go out there every day to make a difference. Thank you!
*Minimum credit scores and maximum loan limits apply. Not all applicants qualify. RHF is an Equal Housing Lender. Certain products are not available in all states. Credit and collateral are subject to approval. This is not a commitment to lend. Program, rates, terms and conditions apply. Lender application, commitment, processing and underwriting fees waived. Borrower pays 3rd party fees including, but not limited to, title, appraisal and any points. Licensed Mortgage Banker: NMLS# 34973