In an exciting new development, Connecticut teachers now have access to a down payment assistance program designed to make homeownership more attainable. Offered through the Teacher Next Door program, this initiative provides substantial financial support to educators, ensuring they can achieve their dream of owning a home without the burden of unmanageable costs.
Generous Grants and Assistance The Teacher Next Door program offers grants of up to $8,000. These grants can be used for closing costs and allowable prepaid items, and the best part is, they never have to be repaid. In addition to this, the program provides down payment assistance of up to $15,000. This financial support is crucial in helping underserved borrowers, particularly teachers, achieve homeownership with ease.
One of the standout features of this program is the 0% Down Purchase option. This down payment assistance program allows borrowers to receive a 3% loan up to $15,000. The second lien, which does not accrue interest and has no required monthly payment, is due in full only upon the refinance of the first lien or when the loan is paid off. This structure provides significant relief and flexibility for new homeowners.
Benefits of the Teacher Next Door Program The Teacher Next Door program offers a range of additional benefits to further support teachers in their homebuying journey:
Combining Resources for Maximum Benefit Teacher Next Door is the largest national home buying program in the United States, and not a lender. This allows them the ability to bring together a myriad of different resources, including several different grant and down payment assistance programs, combined with agents, title companies, and other resources, to streamline and enhance the homebuying process.
Success Stories from Connecticut Teachers The positive impact of the Teacher Next Door program shines through in the personal stories shared by Connecticut teachers who have benefited from it:
Wonderful Experience! “I had such a wonderful experience working with the Teacher Next Door program. I am a first-time home buyer and was not quite sure what the entire home buying process entailed. The folks at TND helped me every step of the way. They guided me through each step, partnered me with a reliable and knowledgeable Realtor, answered any questions I had along the way, were very organized and professional, and overall made sure I was happy and informed in my home buying process. I am much more knowledgeable about buying a home and feel confident that all of my ducks are in a row for my first place. It was truly a blessing to have people to help me through this process that I would not have been able to do or afford on my own." Shelby Morgan
Dream Come True! “The Teacher Next Door program recently made my dream of home ownership come true! He could not have made the process any easier from explaining the loan options, setting me up with an amazing Realtor, making sure I knew exactly what each home would cost before I viewed them, to arranging for the closing and talking me through the process. He answered a ton of questions with a calm kindness and seemed to always be available no matter the day or time. This is a wonderful program for teachers! I would not have a home today if it was not for James and his team! Don’t wait to call them, they will help change your life.” Krissy Vilagie
A Vision for the Future James Hadley, Director of Operations for Teacher Next Door, emphasizes the importance of homeownership for educators: "Homeownership provides stability and a sense of belonging. We are dedicated to helping teachers in Connecticut achieve this dream through our new $15,000 down payment assistance program."
Hear what actual teachers have to say about their experience with the Teacher Next Door Program. Video includes excerpts from interviews with four Teacher Next Door Program buyers and their reviews of the Teacher Next Door Program.
Up to $18,000 in home buying assistance is available for teachers and other public servants. Use the links below to learn more.
Next Door Program Reviews
Next Door Programs:
In an exciting new development, New York teachers now have access to a down payment assistance program designed to make homeownership more attainable. Offered through the Teacher Next Door program, this initiative provides substantial financial support to educators, ensuring they can achieve their dream of owning a home without the burden of unmanageable costs.
The Teacher Next Door program offers grants of up to $8,000. These grants can be used for closing costs and allowable prepaid items, and the best part is, they never have to be repaid. In addition to this, the program provides own payment assistance of up to $15,000. This financial support is crucial in helping underserved borrowers, particularly teachers, achieve homeownership with ease.
One of the standout features of this program is the 0% Down Purchase option. This down payment assistance program allows borrowers to receive a 3%loan up to $15,000. The second lien, which does not accrue interest and has no required monthly payment, is due in full only upon the refinance of the first lien or when the loan is paid off. This structure provides significant relief and flexibility for new homeowners.
The Teacher Next Door program offers a range of additional benefits to further support teachers in their homebuying journey:
Teacher Next Door is the largest national home buying program in the United States, and not a lender. This allows them the ability to bring together a myriad of different resources, including several different grant and down payment assistance programs, combined with agents, title companies and other resources.
The impact of the Teacher Next Door program is evident in the stories of those who have benefited from it. Ross and Shellie Jeske shared their heartfelt gratitude, stating, "We couldn't have been more impressed and thrilled with the work each of you carried out on our behalf. We appreciated your willingness to answer any of our questions and to be reachable at the various hours of the day to put our minds at ease during times of stress. Thank you, thank you, thank you!"
Similarly, Sarah and Matthew Brady expressed their satisfaction, saying, "We found the perfect home for us just in time for the school year to begin. We were able to close quickly, and the grant money definitely helped us get into our home without spending more than we could afford."
Steve Parks, the National Director of Teacher Next Door, emphasizes the importance of homeownership for educators: "Homeownership is a cornerstone of a brighter future. At Teacher Next Door, we are proud to offer the resources and support necessary for teachers to build that future for themselves and their families through our comprehensive homeownership programs, including the exciting new $15,000 down payment assistance program available in New York."
For more details about the program and to see how it can benefit you, visit Teacher Next Door.
Most recent reviews of the Officer Next Door National Home Buying Program:
Very Knowledgeable!
Officer Next Door Realtor: Tracie Chicoine Officer Next Door Loan Officer: Drew DiMessa
"Very knowledgeable! Super helpful with making every step of the process make sense!”Julia Taylor Mesa, AZ
Great Team!
Officer Next Door Realtor: Tamarah Taylor Officer Next Door Loan Officer: Drew DiMessa
"Drew and his team were amazing. I loved the open communication. This was my first home buying experience, and I had a great team”Cyntell H. Lanham, MD
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Most recent reviews of the Firefighter Next Door National Home Buying Program:
Excellent Experience!
Firefighter Next Door Realtor: Kyle Savage Firefighter Next Door Loan Officer: Philip Prince
"Excellent experience! As a first time home buyer, it was a very intimidating endeavor, I didn't know where to even start. Some nurse colleagues of mine recommended looking into the Nurse Next Door program and it was the best advice I could have taken. Once I spoke with Philip Prince he took all the anxiety of the new and unknown away. He is very down-to-earth and easy to talk to, he took the time to explain everything, gave me tips on ensuring it was a smooth loan process, and was available and responsive. Kudos to his team as well, Karoline Aung Khin was wonderful in making sure I had all necessary documentation for approval. Thank you Philip and Karoline for making things so easy, that the only stressful part of this process was packing up and moving everything to my new home!!!”April Passetti Tunkhannock, PA
Great Buying Experience!
Firefighter Next Door Realtor: Troy Thomas Firefighter Next Door Loan Officer: Drew DiMessa
"Drew was so great during our first ever home buying experience! He answered any and all questions we had promptly. He made sure we understood each part of the buying process and never hesitated to answer. We couldn't have done it without him and his team!” Geralyn Hawkins Houston, TX
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Infographic: Home Ownership Net Worth ComparisonSource: Forbes
Teacher Next Door’s stated mission is to increase home ownership, support community development and increase access to affordable housing, free from discrimination. So why is home ownership so important? The following research from multiple sources speak clearly to the importance of home ownership in America. KEY FACTS
“A safe, decent, affordable home is like a vaccine,” Dr. Megan Sandel of the Boston University School of Medicine testified to Congress. “It literally prevents disease. A safe home can prevent mental health and developmental problems, a decent home may prevent asthma or lead poisoning, and an affordable home can prevent stunted growth and unnecessary hospitalizations.”
Is Home Ownership Still Affordable?
Home prices have risen sharply over the past twelve months, which of course is why owning your own home represents such a good investment. However, despite the recent rise in prices, finding a home that works within your budget may not be as hard as you think.
In recent months, home prices have stabilized in many markets across the U.S., and even though the Federal Reserve has increased its benchmark interest rate, it was adjusted from near an all-time low, to a more typical level. So, mortgage rates today are still at an affordable level for most buyers and are far below some of the double-digit rates of the past.
Should I Wait to Buy a Home?
It may be tempting to want to wait for home prices or interest rates to drop, but that could prove to be a costly mistake. The fed has promised to boost interest rates again. And according to Steve Parks, National Director of Next Door Programs, “Even though home prices have stabilized, there’s no cliff dive on the horizon. The underlying fundamentals of the market ate still strong.”
“Even though home prices have stabilized, there’s no cliff dive on the horizon. The underlying fundamentals of the market ate still strong.”
The good news is, with the recent change in market conditions, many cash investors, including Zillow, have stopped, or slowed their home buying spree. Inventory has started to increase and there are less instances of purchase offers turning into bidding wars. In fact, Zillow recently announced plans to sell 7,000 homes, and according to Bloomberg, as many as two-thirds were being sold for less than the company paid for them.
So, despite some of the gloomy headlines, there are some tremendous opportunities in this market, and this may be an excellent time to buy. Purchasing a home now, could set you up for success in the future.
What Assistance is Available?
Available in all fifty states and DC, Teacher Next Door and Next Door Programs is the largest national home buying program in the United States, with access to over thirty-five different grant and down payment assistance programs.
GRANTS
Next Door Programs offers grants of up to $8,000.00. Grants never have to be repaid and may be comprised of any combination of state, Federal and privately funded programs.
Down Payment Assistance
Through Next Door Programs, you could qualify for down payment assistance of up to $10,681.00. Like the grants, the down payment assistance programs may be comprised of any combination of state, Federal and privately funded programs. Most down payment assistance programs require some form of repayment, although some state programs may offer a forgivable loan, after a certain period. (Three years in some cases.)
Examples:
Through the program, you may be able to qualify for a state-specific government program, such as Arizona Home in Five, California CalPLUS, Colorado FirstStep, Iowa IFA, Nevada NHD Home is Possible, Ohio Your Choice, Texas 5-Star Advantage or Utah UHC. Next Door Programs also utilizes national programs, such as Chenoa Fund, Home Ready and others. When you apply, a Next Door Certified Program Specialist will help you determine which loan and assistance programs will help you receive the maximum benefits and which programs may be combined.
Summary
While it’s true that home ownership will not solve every problem, home ownership still matters, possibly now more than ever. And with increasing inventory, fewer multiple-offer situations, and a wide variety of home buyer assistance programs, now may be an excellent time to buy. Next Door Programs is proud to help families across the United States realize their dream of becoming homeowners.
Nurse Next Door Reviews July 2023
Wonderful to Work With!
Nurse Next Door Realtor: Eric Torres Nurse Next Door Loan Officer: Kendall Grady
"Kendall was wonderful to work with. He was patient, kind, and always understanding. He took the time to explain each step of the loan process. We appreciate everything he did to make our dream home a reality."Rae Portwine Dallas, TX
Great Experience!
Nurse Next Door Realtor: Kathleen Booker Nurse Next Door Loan Officer: Bryan Friedman
"It was a great experience working with Bryan and his team. He was very responsive and made the process smooth. Also, he made all the information clear and easy to understand. I would highly recommend him!"Ada Blanchard Houston, TX
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Congratulations to the Guggino Family, on your beautiful new home in California! Thank you for the 5-star review! We were excited to be part of your journey!
Patrick teaches in the Long Beach area, and was able to take advantage of the Teacher Next Door grants and benefits. Here is what they had to say about their experience with the program.
Always Upfront!
Teacher Next Door Realtor: Kelly Hughes Teacher Next Door Loan Officer: Brian Cohrt
"Brian worked with us from the beginning with the Teacher Next Door program. He was always upfront about anything, good or bad, but would always try to see a way through any issue that arose. He was in constant communication with us about the status of things or if he needed anything. And on top of all of his technical knowledge on how to negotiate the mortgage landscape, he is just an incredibly nice guy.”Patrick Guggino Long Beach, CA
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Congratulations to the Lattimore Family on your beautiful new home in Georgia! Thank you for being a teacher! We are happy to be part of your journey.
Teacher Next Door Reviews