Teacher Next Door Blog

Congratulations to Kelsey Wilhere & Dennis Lynch of Henderson, NV on your beautiful new home! Thanks to Shannon Gaccione, Realtor and Russ Black, Loan Officer for the great job. "

"The Teacher Next Door program is one I will highly recommend to current and future teachers to receive assistance with their home buying process. Russell and Shannon were not only professional, but also 
friendly, supportive, patient, and quick to respond to all emails and phone calls. My fiancé and I couldn’t have got through the process without their help. We will be forever grateful for the opportunity we had to work with Russell and Shannon, as well as the friendships that formed while finding our forever home."

Posted by Teacher Staff on December 7th, 2016 4:11 PM
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Teacher Next Door - Fresh Start Program
Credit Repair


Teacher Next Door is committed to helping you achieve your goal of home ownership. Our credit repair program, formerly Fresh Start, is now provided by Cake Credit Repair.  

T
his service is available nationwide and has proven to be extremely effective in helping buyers remove inaccurate negative items from their credit reports and they work with borrowers to help raise their credit scores

To see if your situation qualifies for credit repair, s
et up your FREE consultation today!  CLICK HERE
Posted in:Credit Repair and tagged: credit repairFICO
Posted by Teacher Staff on November 9th, 2016 6:05 PM

Teacher Next Door has housing grants available for teachers, police, firefighters, EMT, nurses, military and government employees.  To see the video and get additional information, please visit www.teachernextdoor.us/Grants.  Thank you to all that serve the communities in which we all live and work. 

Posted by Teacher Staff on August 17th, 2016 3:31 PM
Congratulations Natala!

Thank you to Loan Officer Sheff Brisbin and Teacher Next Door Realtor Alex Ramos for your awesome work! 















Posted by Teacher Staff on August 17th, 2016 1:47 PM
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Congratulations to Angela of Severn, Maryland!

To Teacher Next Door: (James Ward, Loan Officer and Steven Bilinky)

“This letter is one of gratitude and appreciation for James Ward, Sr. Loan Officer. James was tremendous in the service he provided when I applied for a loan for a house under the “Teacher Next Door Program”. He walked me through the process and immediately responded to all questions and concerns that came up. James made sure the entire process flowed accurately and smoothly.

“Thank You” James, I really appreciate your efforts in assisting me with all details from putting me in touch with a knowledgeable Teacher Next Door Realtor (Steve Belinky) to the settlement on a property that I’m very satisfied with.

Angela--
Severn, Maryland


Posted by Teacher Staff on August 17th, 2016 10:47 AM









Nurse Next Door Program
(Administered by Teacher Next Door®)

Teacher Next Door has pledged up to $5 Million in home buyer assistance grants
for medical professionals.


Many of the benefits of our national home buying program for teachers have been extended to ALL medical professionals including nurses, medical staff and doctors. Additionally, grant amounts have been increased up to $8,000.00* 

*subject to availability

Benefits of the Nurse Next Door Program:
  • Purchase ANY home on the market
  • Increased grant amounts up to $8,000. (Where available)
  • NO application fees
  • NO up-front fees
  • NO Broker fees
  • Preferred interest rates
  • FREE appraisal (up to $400.00 credit at closing)
  • FREE home buyer representation
  • FREE access to (MLS) home listings
  • FREE nationwide access to foreclosures
  • Discount title fees
Who is Eligible:
  • Nurses
  • Doctors
  • Medical Assistants
  • Medical Staff


APPLY NOW
                   Grant Availability  

Information updated April 18, 2016

Posted by Teacher Staff on April 18th, 2016 9:24 AM
Congratulations to the Clinch family of sunny Miami Florida!  We are so happy for you!


“Home is where your story begins.” My story began on Thursday, February 25, 2016! With the help of the Teacher Next Door Program and James Ward (with ENG) my dream of purchasing my first home became a reality! Throughout the entire process from beginning to end James was a tremendous help to making the process run smoothly. James always made sure I fully understood everything." 
Read full letter


Ashley D. Clinch
MDCPS Teacher
Miami, FL


Posted in:General and tagged: housing grantsMiami-DadeFL
Posted by Teacher Staff on March 8th, 2016 11:10 AM
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By
Kimberly Dawn Neumann

From Realtor.com

Is it really 2016 already?  For those of you who happen to be planning on buying a home in the new year—or even just trying to—there’s a whole lot to celebrate. Why? A variety of financial vectors have dovetailed to make this the perfect storm for home buyers to get out there and make an (winning) offer. Here are six home-buying reasons to be thankful while ringing in the new year:

Reason No. 1: Interest rates are still at record lows

Even though they may creep up at any moment, it’s nonetheless a fact that interest rates on home loans are at historic lows, with a 30-year fixed-rate home loan still hovering around 4%.

“Remember 18.5% in the ’80s?” asks Tom Postilio, a real estate broker with Douglas Elliman Real Estate and a star of HGTV’s “Selling New York.”“It is likely that we’ll never see interest rates this low again. So while prices are high in some markets, the savings in interest payments could easily amount to hundreds of thousands of dollars over the life of the mortgage.”

Reason No. 2: Rents have skyrocketed

Another reason home buyers are lucky is that rents are going up, up, up! (This, on the other hand, is a reason not to be thankful if you’re a renter.) In fact, rents outpaced home values in 20 of the 35 biggest housing markets in 2015. What’s more, according to the 2015 Rent.com Rental Market Report, 88% of property managers raised their rent in the past 12 months, and an 8% hike is predicted for 2016.

“In most metropolitan cities, monthly rent is comparable to that of a monthly mortgage payment, sometimes more,” says Heather Garriock, mortgage agent for The Mortgage Group. “Doesn’t it make more sense to put those monthly chunks of money into your own appreciating asset rather than handing it over to your landlord and saying goodbye to it forever?”

Reason No. 3: Home prices are stabilizing

For the first time in years, prices that have been climbing steadily upward are stabilizing, restoring a level playing field that helps buyers drive a harder bargain with sellers, even in heated markets.

“Local markets vary, but generally we are experiencing a cooling period,” says Postilio. “At this moment, buyers have the opportunity to capitalize on this.”

Reason No. 4: Down payments don’t need to break the bank

Probably the biggest obstacle that prevents renters from becoming homeowners is pulling together a down payment. But today, that chunk of change can be smaller, thanks to a variety of programs to help home buyers. For instance, the new Fannie Mae and Freddie Mac Home Possible Advantage Program allows for a 3% down payment for credit scores as low as 620.

Reason No. 5: Mortgage insurance is a deal, too

If you do decide to put less than 20% down on a home, you are then required to have mortgage insurance (basically in case you default). A workaround to handle this, however, is to take out a loan from the Federal Housing Administration—a government mortgage insurer that backs loans with down payments as low as 3.5% and credit scores as low as 580. The fees are way down from 1.35% to 0.85% of the mortgage balance, meaning your monthly mortgage total will be significantly lower if you fund it this way. In fact, the FHA predicts this 37% annual premium cut will bring 250,000 first-time buyers into the market. Why not be one of them?

Reason No. 6: You’ll reap major tax breaks

Tax laws continue to favor homeowners, so you’re not just buying a place to live—you’re getting a tax break! The biggest one is that unless your home loan is more than $1 million, you can deduct all the monthly interest you are paying on that loan. Homeowners may also deduct certain home-related expenses and home property taxes.

_____________

Teacher Next Door has grants and programs available for:


For information on our home buying grant programs - CLICK HERE

For Good Neighbor Next Door Program info - CLICK HERE

To see what you qualify for - APPLY NOW

Posted by Teacher Staff on January 10th, 2016 12:46 PM

Good Neighbor Next Door home currently available:

List Price: $49,000.00 

Actual price: $24,500.00 

Address: 353 Gunnison Ave SW
Grand Rapids, MI 49504

Bed/Bath: 3/2

To bid on this home, learn more about HUD's Good Neighbor Next Door Program or to check availability on Good Neighbor homes in your area, please visit: www.teachernextdoor.us/GoodNeighborNextDoor.HOME  or CLICK HERE.

Period Deadline:10/25/2015 11:59:59 PM  CT

Posted by Teacher Staff on October 23rd, 2015 11:37 AM
Congrats to the Rockrich family!! smile emoticon We hope you enjoy your new home. Thank you David Schleif for being a Teacher Next Door Preferred Realtor Partner and helping take such great care of or teachers. smile emoticon smile emoticon

Facebook Post:

Posted by Teacher Staff on October 23rd, 2015 11:13 AM
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