Is a recession coming in the near future? Many economists have debated this point and even considered whether or not the U.S. dropped into a recession in the second quarter of 2022. Experts believe we could be headed toward a recession, but we may see a period of growth before it arrives.
The ability to say “Thank You First Responders” is tricky. Usually, if they have arrived, you are in an emergency situation, so there often isn’t time or opportunity to show your appreciation. Often folks go back, after the emergency, to thank individual or whole crews of rescuers. And that’s great. First responders such as police officers, EMS workers and firefighters really love to get those notes and tokens of gratitude from the people they have rescued.
Among the mortgage loan programs for first responders, there are two existing initiatives (and one proposed change) that you should keep an eye on. They work together or separately. If you are a first responder–police officer, EMS professional or firefighter–looking to buy a home, these discounted home loan programs for first responders are designed for you. Knowing how they work is a good step in the right direction of finding a home.
When you are a national organization serving community heroes in every corner of the United States, you might miss some of the amazing charities in your own backyard. We didn’t. This month, Homes for Heroes targeted three of our neighboring organizations (Homes for Heroes is headquartered in Minnesota) because of their generous work helping first responders with some of the toughest issues out there: mental health, stress and community support. This month, each of the three grants for first responder organization were $10,000 to help them in their missions AND to honor the anniversary of 9/11.
Welcome to the Housing Market Trends September 2022 monthly update from Homes for Heroes. This report focuses on the residential real estate housing market. We listen to the experts and boil down what they have to say to assist you, our heroes, with decision making regarding buying a home, selling your home, or refinancing your mortgage.
Twenty years ago, Ruth Johnson and her family created Homes for Heroes, Inc. as a way to give back to community heroes who commit themselves to serving others; in the role of firefighter, EMS, law enforcement, military (active duty, reserve or veteran), healthcare professional or teacher. Today, Homes for Heroes has surpassed $100 million given back to more than 56,000 heroes on their home purchase or home sale transactions. It is one of several major milestones recently achieved by the company.
Now, as buyers ask, “Are interest rates going up?”, a closer look reveals they are in fact moving higher, but remain low by historical standards. The mortgage rate environment this year has changed drastically from the previous few years, when borrowers enjoyed historically low interest rates.
The Teacher’s Resource is dedicated to supporting the whole person that is the teacher – body, mind, soul, everything. The Homes for Heroes Foundation awarded the organization a $10,000 hero grant to assist in their mission.
The Million Dollar Teacher Project is dedicated to elevating the teaching profession through increased recognition, compensation and support. Their vision is to create a world where every student is taught by a highly trained, qualified, understanding and engaged teacher. The Homes for Heroes Foundation awarded the organization a $5,000 hero grant to assist in their mission.
VA loan closing costs are a little different than average closing costs using a conventional mortgage because there are rules about what VA borrowers can and can’t pay. Consequently, the VA closing costs are not as straightforward as you might imagine, and you’re going to need some skilled negotiators on your side to complete the process. Fortunately, Homes for Heroes can provide you with a team of negotiators to help you work through your VA loan closing day.