Last Updated on June 9, 2021 by Maggie Sutton
Becoming a teacher is a calling of the heart. But sadly, that calling often means low salaries, with many teachers taking second jobs to make ends meet. Despite the financial strain, teachers continually put a portion of their paycheck back into the classroom as they purchase much-needed supplies for their students. With student loan payments and tight finances, home ownership for teachers can seem like a distant dream. Thankfully, Homes for Heroes developed a home buying program for teachers to help educators find affordable housing options and make their dreams of home ownership a reality. You can use these savings to live anywhere in the United States.
Savings on Home Loans for Teachers
For teachers, the word “loan” often carries a decidedly negative connotation. Many teachers are saddled with heavy student loan debt for years after they graduate. But Homes for Heroes works to turn that negative into a positive with a teacher mortgage loan program that saves teachers money.
Homes for Heroes partners with an extensive network of real estate and lending professionals nationwide who are dedicated to serving the heroes in their communities. When you purchase a home through a Homes for Heroes real estate specialist, we’ll send you a check for 0.7% of the purchase price after closing. For example, if you purchase a home for $220,000, Homes for Heroes will send you $1,540 after closing that you can use as you’d like. You could purchase something for your new home like furniture or appliances, use it to pay off debts, put it in savings, take a vacation, or anything else you choose. The money is yours as our way of saying thank you for being a teacher.
And that’s just the start of the savings we offer. Heroes who work with our mortgage specialists also save on lender fees. Mortgage specialists provide an average savings of $500. In addition, title service specialists provide an average savings of $150, and home inspection specialists provide an average savings of $50. When teachers leverage our specialists to help manage their home purchase or sale, the national average savings is $2,400.
How We Work
Saving money through our teachers’ home buying program is simple. First, sign up to get in touch with a Homes for Heroes affiliate. There is no obligation once you’ve signed up, just a conversation to see whether you’re looking to buy, sell or refinance a home. We’ll then ask where you’re looking, and get you started on the path to home ownership.
From there, we’ll work with you throughout the home-buying process just as any other real estate professional would. There are no additional hoops to jump through, hidden or upfront fees, or limitations to your home search. Just incredible savings and the highest quality buying experience.
Steps to Working with Us:
- Sign up on our website
- Work with our specialists
- Buy a home
- Receive Hero Rewards savings
Whether you’re moving across the country or just across the street, we’ll connect you to a Homes for Heroes affiliate in your desired area. Also, keep in mind that savings aren’t limited to home buyers. If you’re looking to sell or refinance your home, Homes for Heroes can save you money as well. If you’re looking to buy and sell a home, you’ll get Hero Rewards on both your transactions, not just buying.
Other Ways Teachers Can Save Money
Discounts for teachers aren’t limited to the home-buying process. There are several ways teachers can save money throughout the year with deals from local and national retailers. Nationwide chains, such as Discount School Supply and Barnes & Noble, often have an on-going teacher discount that allows educators to buy clearance items and regular priced items at a discounted rate. For local deals, Homes for Heroes created a search tool that shows which businesses in your state offer discounts for teachers.
Teacher Appreciation Week is another great time for teachers to save money. Retailers nationwide typically offer discounts on items like coffee, restaurant deals and other useful savings. During the week, check your local retailers to see what deals they offer.
Teacher Comments About Their Homes for Heroes Experience
Don’t just take our word on how great the Homes for Heroes teacher home loan program is. We have hundreds of testimonials from teachers and other educators who have used our program. We also help the other heroes in our community like healthcare workers, law enforcement, firefighters, EMS, and military. See what they have to say:
“What an incredible program! As a teacher, I have times where I work a “thankless” job, so it was heartwarming to be honored through a program like this. My husband and I are first time homebuyers and Homes for Heroes was a big incentive for choosing our agent, as well as knowing him and appreciating him personally. Thank you for honoring me in my profession! We are delighted to have gotten some money back, which we then poured right into our (first!) house!” – Courtney, Purchased a Home in Minnesota
“My agent was great and made me feel at ease during the entire home buying process! The money we received after our purchase was the icing on the cake!” – Anne, Purchase a Home in Indiana
“I am more than satisfied with the service that Home for Heroes provides 🙂 I had no idea how helpful and how much of a blessing this program is to those who are teachers, officers, and others who serve in the community. Thank you so much for everything. This was a very smooth process ;)” – Vanessa, Purchased a Home in Texas
Teachers Make the Difference
Teachers are community-minded individuals who may take teaching positions in hard-to-staff districts. By revitalizing education in the classroom, dedicated teachers make an enormous impact on their community. Teachers who purchase homes in their district can continue that cycle of change through home ownership. At Homes for Heroes, we’ve made it our mission to help everyday heroes like teachers get on the path to home ownership.
Are you a teacher looking to buy or sell a home? Sign up and start saving money today.