Good Neighbor Next Door Homes available in Waukegan and Rockford, IL

These homes are available at 50% discount off the mortgage.

Iowa has a home listed for the Good Neighbor Next Door Program

Follow this link to see the home that is available at a 50% discount for teachers.

Will the tax credit continue?

The $8,000 tax credit for first-time home owners helps many more than just teachers, but will it continue in 2010? Many think it will. Realty and home builder lobbies love it, and it could be the sole reason housing prices bottomed this summer. Without it, home prices might start testing new lows.

But time is running out on the credit, and there will likely be a hangover effect on housing prices after the November rush is processed.

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.