Arkansas offers forgiveable loans and rental stipends to teachers

Arkansas offers loans that are forgivable up to %10 of the purchase price of a new home to teachers who agree to teach in specified schools for five years. Those teachers who do not choose to buy can still take advantage of the program through a rental stipend worth $2,000.

Mississippi offers $6,000 for closing costs

Mississippi offers up to $6,000 to help with closing costs on a home purchased in a rural district designated in this program. The state requires that teachers remain in that district for at least 3 years.

Bank of America Offers a Loan to All Teachers

This loan called specialized profession loan is available to teachers, police officers, firefighters and medical personnel. The website does not give specifics on what interest rates or discounts they offer to teachers, but BoA does offer "free" life insurance as part of the package.

South Carolina offers special interest rates and money for down payments

The Palmetto Heroes Program is nearly a year old now. It may be in need of a new infusion of cash, but nevertheless, it is worth monitoring. South Carolina offers teacher help with down payment and, during 2008, offered what was a good rate. New initiatives to lower interest rates now make that special rate less attractive.

If you are looking in the Greenville area, read this post on where to live in Greenville.

Los Angeles Teacher Mortgage Assistance Program

Conveniently shortened to LATMAP, the Los Angeles Teacher Mortgage Assistance Program has a veritable warehouse of resources and links for teachers who are interested in owning their own home in Los Angeles County. This unique public-private partnership provides some of the best mortgage deals for teachers out there.

NYC give housing support to critical needs-area teachers

Only Mathematics, Science, and Special Education teachers are eligible for this program, but the benefits are huge. To start, teachers receive $5,000 in housing support money in the first few weeks of teaching. The money can be used to cover everything from moving expenses to a down payment on a mortgage. Then, after two years of teaching, there is another $10,000 available.

Texas Classroom Teacher's Association Reports Mortgage Assistance

The assistance comes in the best form–a grant. That means it does not have to be repaid, but it seems that the money is by application only and is first come, first serve. They offer %5 toward closing costs and down payment up to $5,000.

Chicago Public School Teachers Enjoy Special Status with Lenders

Chicago Public Schools has arranged a variety of deals for teachers with different lenders including one that offers 55% off lender fees and another that offers a $4,000 grant for CPS employees. Read more about it here.

Connecticut Offers Special Rates on a 30-year Mortgage

For all of those teachers who spent hours teaching children to spell the state's name, Connect-I-Cut is offering fixed rate 30-year mortgages at a special rate. You can see this week's rate by following this link. It changes every week. The page also has information about down payment assistance.

California's Extra Credit Program Gives Down Payment Help

For teachers who teach in certain schools, the California offers assistance of up to $7,500 for a down payment. Here's the link.