mortgages for teachers (California, credit, fees, bank) - Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers - City-Data Forum

Sam82 · 03-14-2009, 12:51 PM

Does anyone know of any mortgages for teachers? I looking for something with 5% down and maybe reduced fees. The only one I have found so far is Bank or America.

Thanks

texdav · 03-14-2009, 01:57 PM

Might want to look at FHA. As far as specifically for teachers ;no.Have a freind and he said the teachers credit union wasn't even the best he found when getting his mortgage.

bigcats · 03-14-2009, 02:48 PM

Calstrs in California but I don't think you live/teach there. But if you look at their info, they may direct you to national programs. If I recall theirs wasn't specifically Calstrs, they were more like the liason to mortgage programs for teachers.

I looked into theirs briefly but FHA ended up making more sense for me. I'm very happy with what I got (both house and mortgage)

bls8195 · 03-14-2009, 03:14 PM

I am using Bank of America currently and I am military and USAA is not even as good as BOA.