Teachers and First Responders Would be Eligible for No-Down-Payment Mortgages Under a House Proposal
House members of Congress recently introduced joint legislation that would allow teachers and first responders — such as cops, firemen, EMTs, and paramedics — to get a mortgage without putting down any money. The HELPER Act The HELPER Act (Homes for Every Local Protector, Educator, and Responder) aims to assist such persons in obtaining a house in today’s competitive housing market. The measure was sent to the House Financial Services Committee, but it has yet to have a markup. The bill would do the following: Under the Federal Housing Administration, … Read more