Extra Credit Teacher Program

This Down Payment Assistance Program, borrower must hold an appropriate credential for a teacher, administrator or staff member or be employed as a classified employee of a school district.

Income Limits Apply

Credit score: 660
Property type: SFR
Occupancy: Primary residence
Down Payment: No minimum borrower contribution
Loan to Value: 96.5%     Max. CLTV: 105%
Gift Funds Allowed. No minimum buyer contribution
Closing cost: Seller and/or lender can pay up to %
Debt Ratio: 45%
Income Limits:


  • Condos must be FHA approved
  • Lender-Paid Closing Cost Program available
  • Bankruptcy 4 yrs, Foreclosure 7 yrs, Short Sale 4 yrs (standard)
  • Must be first time home buyer
  • Home buyer education is required
  • 100% gift for closing funds allowed
  • Mortgage reserves required based on AUS results
  • Second Loan to be the greater of 4% of Purchase Price or $7500
  • This program can be combined with other down payment assistance programs.
  • Printable Flyer

All program are subject to change at any time without any further notice


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