FHA Home Loan Programs for Teachers – Purchase and Refinance Home Loans admin
FHA Home Loan Programs
Watch to see how the Educator Mortgage Program works:
Special programs available to: Teachers, Faculty, Coaches, Librarians, Nurses, Secretaries, Custodial/Facilities Staff, School/District Leadership, Professors, Adjunct Faculty, Counselors, any ISD/Higher EDU/Private EDU employee.
Discounted Closing Costs1
Up to $800 in reduced closing costs for you.
We believe in education and giving back to teachers and the education field.
FHA Home Loans for Teachers and the Education Field
Low down payments – as low as 3.5% to purchase a home.
Credit scores down to 620
Refinance loan-to-values up to 97.15%
Down payments can be gifted. Family members and employers may gift up to 100% of the down payment.
Debt-to-income ratio maximums are more lenient compared to Fannie Mae or Freddie Mac loans.
Less than perfect credit accepted.
FHA loans are for primary/owner occupied residences only.
Government recently lowered the monthly mortgage insurance for FHA loans.
Bankruptcy rules more lenient than Fannie Mae or Freddie Mac loans. 2 year seasoning for Chapter 7 and 1 year for Chapter 13
Foreclosure rules more lenient than Fannie Mae or Freddie Mac loans. 3 year waiting period.
Short Sale rules more lenient than Fannie Mae or Freddie Mac loans. 3 year waiting period.
Seller concession for purchases allowed for up to 6% of the purchase price.
There are no income limits for FHA loans.
FHA to FHA refinances (Streamline) available with no income documentation and no appraisal necessary.
Get Started Today
Want to learn more about our home loan programs? Please provide us with your information below or contact us at
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1 The Educator Mortgage Program through Supreme Lending entitles the borrower to a closing cost credit equal to .20% of the funded loan amount up to the lesser of $800 or total closing cost amount. The credit applies to all loan products other than Bond Programs, which are not eligible under the Educator Mortgage Program. The lender credit will be reflected on the Closing Disclosure. No part of Lender Credit can apply to or offset down payment. Special incentive program subject to change without notice. This offer not valid with any other incentives or discounts.
2 The Educator Mortgage Program through Supreme Lending entitles the eligible home buyer and/or seller to a credit against real estate fees equal to .20% of the loan amount up to a maximum of $800. Subject to Real Estate Agent participation. Supreme Lending will make best efforts to identify a participating Real Estate Agent but does not guarantee Real Estate Agent participation. In the case of no Real Estate Agent participation the home buyer or seller will not receive the discounted Real Estate Agent fees. See eligibility requirements listed above for qualifying buyer, seller and borrower.
3 The Educator Mortgage Program through Supreme Lending also entitles the borrower to obtain a donation from Supreme Lending to their preferred school program equal to .05% of the loan amount, up to a maximum of $200. The donation is available on all loan products other than Bond Programs which are not eligible under the Educator Mortgage Program. The donation will be made directly to the school.
A participating Real Estate Agent may also make a donation to the borrower’s preferred school program equal to .05% of the loan amount, up to a maximum of $200. Subject to agent participation. Supreme Lending will make efforts to identify a participating Real Estate Agent but does not guarantee Real Estate Agent participation. In the case of no Real Estate Agent participation the home buyer or seller will not be entitled to this donation, but it will not affect the lender credit or lender donation in any way. The donation will be made directly to the school.