Educator Down Payment Assistance for First-Time Homebuyers
This act aims to help teachers, principals, and other school staff buy their first home. The program offers grants to cover down payment costs, closing costs, and interest rate reduction, significantly easing the initial financial burden of homeownership.
Key points
Educators and school staff can receive up to $25,000 for down payments or home purchase costs.
In high-cost areas, the grant amount may exceed $25,000.
To qualify, applicants must be first-time homebuyers and have worked in education for at least 3 years.
Completion of housing counseling is required before applying for a loan.
The purchased home must be used as a primary residence for at least 3 years, unless an emergency event occurs.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.