Frequently Asked Questions

Who is eligible to take advantage of the Educator Mortgage Program?

The Educator Mortgage Program is a great program we extend to Teachers, Faculty, Coaches, Librarians, Nurses, Secretaries, Custodial/Facilities Staff, School/District Leadership, Professors, Adjunct Faculty, Counselors, any ISD/Higher EDU/Private EDU employee.

Do I need to have a certain amount of time in my current position?

Having a certain time in your current position is not required in many cases.  Find out about your specific situation today.

What if I retired from a school am I still eligible?

Yes, if you retired from a school, that means you helped teach our future, so thank you- Here’s our way of saying “thank you for your service!”

Can I do a VA loan with this program?

Yes!  All veterans welcome.

Can I use a down payment assistance program as well?

No.  At this time the Educator Mortgage Program does not participate in down payment assistance programs.

Can I do a cash-out refinance with this program?


What credit score do I have to have to qualify for a home loan? 

We can lend down to a 620 credit score.

How much money do I need to have as cash down when I buy a home?

You can buy a home with as little as 3.5% down, and that money can be gifted from a family member!

How do I start the process?

The first step is to complete our easy online form or call us today. We have representatives standing by ready to get the ball rolling.

Can I use the Educators Mortgage for a second home or investment property?

Yes! We can help with your primary residence, vacation home, and even investment property.

How long does the process take?

When purchasing or refinancing a home, our branch averages 20 days for our turn-around time.

Can I still buy a house if I’ve had a bankruptcy?

Yes you can, FHA has a minimum waiting period of 2 years for a Chapter 7, and 12 months for a Chapter 13 bankruptcy.

Can I still buy a house if I’ve had a foreclosure, or a short sale?

Yes you can, with an FHA borrowers must wait a minimum of 3 years after a short sale is complete, or 3 years after a foreclosure is complete to apply for a new home loan.

What does it cost to apply?

We do not charge an application fee for the Educators Mortgage Program. There is no cost or obligation to review your needs.

What hours do your loan officers work?

We are available 24 hours a day to meet your needs.

Are your loan officers licensed?

Yes, all of our loan officers are fully licensed through the National Mortgage Licensing System. You can look up our licensing through their website:

How does the home purchase process work?

How does the home refinance process work?

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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    Minimum credit score of 620 required.

    The Educator Mortgage Program does not offer down payment assistance.

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