Teacher Next Door Blog

According to a recent Forbes Magazine article, "Why Home Ownership Matters'" The average U.S. homeowner's new worth is an astounding $190,000.00 higher than the average renter.  While local markets vary, the national median home price continues to climb each year, even during recessions.

In addition to building equity and in turn, net worth, there are many other benefits to owning your own home.  Such as:

Tax benefits - mortgage interest and property tax are allowed IRS deductions.

Stabilizing your housing payment - While rent may increase every year, your fixed mortgage housing payment remains the same.  In fact, since most people's income tends to increase, your housing payment may soon be a lower percentage of your monthly budget.    

Greater privacy - Most people enjoy greater privacy when owning a home.

Pride of home ownership - Nothing compares to owning a home and being part of a local community.

One of the biggest challenges facing teachers and other school employees is coming up with a down payment.  Teacher Next Door helps alleviate this problem by offering GRANTS, down payment assistance and other programs.  Current grant amounts are up to $6,000.00 and down payment assistance can be as much as $10,681.00

There has never been a better time in history to purchase a home.  If you would like information on these various programs, click on the appropriate link below.


Teacher Next Door Reviews


First Time Home Buyers

Nurse Next Door

Officer Next Door

Firefighter Next Door

Soldier Next Door

Government Employee Program


Posted by Teacher Staff on February 11th, 2019 4:14 PM


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