Home Buying Programs for Teachers

Home Buying Programs for Teachers

Contra Costa County Real Estate | East Bay Homes

Home Buying Programs for Teachers

Posted by marketing
21 February 2018 | Blog

As housing prices keep going higher, many of our civil servants, first responders, and educators are being pushed out of the marketplace. There are many programs out there to support these people and help them move into a new home.

The following are financing options for educators:



This loan option is insured by the Federal Housing Administration and provides the first mortgage for a teacher. The term is for 30 years and can finance homes up to $660,000. This loan has the following requirements:

  • The home that is purchased must live and have the home be their primary residence. They cannot have a co-signer who is not a occupant of the home. 
  • The purchaser must do homebuyer education counseling. They will then get a completion certificate through an eligible homebuyer counseling organization. 
  • Educators must meet the income requirements
  • Homes have to be single-family, one-unit residence, including approved condominium/PUDs


Extra Credit Teacher Home Purchase Program (ECTP)

ECTP is a program that places a second on a home that can serve to help educators and teachers with their down payment. This option is for first time homebuyers and allows for them to get a junior loan to help with closing costs or down payment from $7,500 to $15,000. This option have income and area eligibility requirements including being a part of a CALHFA loan.


Over the past couple years, a company has arisen in the Bay Area that his providing another resource for teachers. Landed offers down payment assistance. They offer up to 50% down payment assistance in exchange for a 25% interest in the property. As a result, when you sell or refinance your home, you would have to repay the loan and 25% of any appreciation.

Teachers in the East Bay have options if they want to stay in the area. From San Ramon to Pleasant Hill to Lafayette, these programs provide options for our dedicated educators to be able to own their home.

The Laura Wucher Team is very loyal to the teachers of our community and would love to work with you to get you into your dream home. Contact us today to schedule your free consultation.

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