Nurses- Yes! You Can Own a Home – Here’s How

Whether your a Registered Nurse (RN) or a nursing assistant, if you’re educated in nursing, you qualify for the services and savings benefits provided by Homes for Heroes. It can be a challenge for nurses to get a mortgage loan. Mortgage lenders like the the consistency of the 8-5, Monday-Friday job with predictable income. Still, home ownership for nurses is definitely attainable, and Homes for Heroes can help. Our home buying services will find you the perfect home, and the benefits we provide nurses will save you significant money.

Save Money Using Homes for Heroes

When you decide to purchase, sell or refinance a home using a real estate professional affiliated with Homes for Heroes, you will save money. It’s that simple. We have a national network of over 2,400 affiliate real estate and lending specialists who are committed to serving the heroes in their communities, just like you.

When you buy a home through one of our real estate specialists, Homes for Heroes will send you a check for 0.7 percent of the home purchase price after closing. You will receive additional savings on lending fees when use a Homes for Heroes mortgage specialist. The national average savings for one of our heroes is $2,400 when buy or sell a home. Buy and sell a home, and you could save double that amount!

Even if you’ve already started the home buying process with a real estate professional, have your real estate agent contact Homes for Heroes for more information on how they can offer the same great rewards and savings. If you’ve yet to begin the buying journey but are ready to make a move, here are a few tips to make things easier as you go through the process.

Income Verification is Important

Mortgage lenders typically need two years of verifiable income to approve your mortgage loan. This can be a barrier for traveling nurses, but there’s no reason to get discouraged. Just be sure to track when you worked, moved, and the days and weeks in between jobs. Keeping accurate records and contact information from previous jobs can help speed the lending process along.

If you travel often, consider shortening your gaps to less than one month when possible. When your gaps are shorter than one month, it doesn’t raise red flags for lenders and can make it easier to get approved.

Not everyone is willing or able to work a staff nursing job for two years before buying a home. If this describes you, do your best to provide the bank with 24 months of successful employment as a travel nurse. That way you can give them your average monthly income over a two-year period. Make sure to add a letter of explanation to improve your chances of securing a loan.

Be Cool, Stay in School

Although most lenders will require two years of employment history, it’s important to note that your schooling counts as work history. The bank may want to see an employment offer letter stating your expected hours and rate of pay, but this means you can buy a home even if you’re still working towards your nursing degree. If you’re a traveling nurse having a hard time getting approved because of your employment gaps, be sure to include your time spent in school. That may help hurry the process along.

Circle of Giving

Homes for Heroes offers benefits to nurses because we know how much nurses mean to the communities in which they live. The savings we provide is our way to say, “Thank You” for the selflessness and care nurses offer on a daily basis. But, by working with Homes for Heroes, you actually continue to give back in a rather unique way.

When you sign up on the Homes for Heroes website, you will be automatically connected with one of our local specialists. Our specialists have partnered with Homes for Heroes because they want to honor and support the work you do. By working with our affiliate partners to buy or sell a home, you also help heroes in need. Every time you buy or sell a home using the services provided by Homes for Heroes, we make a donation to the Homes for Heroes Foundation to serve heroes in need.. The Homes for Heroes Foundation awards grant money to non-profit organizations that help support firefighters, EMS, law enforcement, military, healthcare professionals, teachers and their families who are in dire need as it pertains to housing or emergency financial assistance.

So, when you purchase your home through one of our affiliates, you are not only saving money, but you are helping to give back to others like yourself.

Are you a nurse ready to buy the home of your dreams? Sign up and get started today.