Mortgages for Teachers and First Responders

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Mortgage and Lending with ChangeMyRate.com® A Mortgage Corporation NMLS #1326269

 

A new bipartisan bill in the House of Representatives, called the HELPER Act (or Homes for Every Local Protector, Educator and Responder) aims to help teachers and other first responders who kept things going during the height of the COVID-19 pandemic by providing them with a one-time, down payment-free mortgage.

The bill still has a way to go before possibly being enacted, but if it is passed, here’s what it could mean for those covered by the legislation. We also have information on existing programs for people in these professions.

What is the HELPER Act?

The bill would create a one-time home loan program under the Federal Housing Administration, which would allow eligible borrowers to get a mortgage without needing to fund a down payment or pay for private mortgage insurance (PMI).

To learn more about mortgages for teachers and first responders and the home buying process, visit the SCOOP! Blog

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