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They know your community, current market trends and how to work within them. They will be a supportive partner who is in your corner to coach you through the process. Our specialists will look for strategic ways to streamline the process and maximize your savings. We prioritize one thing above all else – helping our heroes get into homes.
Our senior mortgage brokers have previously worked at credit departments of some of the major banks, and know the lending policies of over 40 lenders. That, in turn, enables them to negotiate better terms for your mortgage application. Preferably, all applicants who are employed by the same employer over the previous and current financial year.
Bonus Income Home Loan
Please note that casual front-line employees and non front-line, office-based admin staff are not eligible for this credit policy. Either applicant can be a paramedic or ambulance officer to qualify for waived LMI. Our award-winning mortgage brokers will find you the right home loan for your needs.
If down payments have you discouraged, an FHA loan can lower yours to 3.5% if you qualify. In contrast, for a conventional loan, the down payment can be as much as 20%. They are called FHA loans but the agency doesn’t actually issue the loan.
Tips For A Home Loan Pre-approval
The Eligibility Quiz will also help you determine if you qualify for an MCC. The industry standard for mortgages is that the purchaser should have a minimum credit score of 620. With first responder mortgages, however, there can be more flexibility, especially when income and debt-to-income ratio are taken into consideration. Any first responder can access savings opportunities through first responder home loans. These programs are designed to provide first responders with an easier entry point to homeownership.
Contact us today and become part of the Homes for Heroes community with thousands of other firefighters and EMS professionals! We will automatically connect you with our local specialists. They will contact you within 24 hours, answer your specific real estate and/or mortgage questions, and provide helpful tips. We simply know our local specialists will provide you with valuable insight and experience. You have our personal commitment that we will be there for you just as you’ve been there for us time and time again.
Home Loans for Paramedics
Here we take a closer look at some of the available assistance options. The role of an EMT is to assess a patient and determine if there are any life-threatening injuries or illnesses. Their treatment options focus on basic health procedures, such as CPR, oxygen administration, stabilizing and splinting injuries, or administering epinephrine for an allergic reaction. To become an EMT, you do not need a college degree but rather complete an EMT training program requiring at least 170 hours of education. Based on the industry you are employed within you may also be entitled to Salary Packaging, so banks will want to see any corresponding letters confirming this.
Our Homes for Texas Heroes Program offers home loans and down payment assistance for fire fighters and EMS personnel. Buying a home is an intimidating process, even if you have been through it before. When you add in the financial confusion and strain, it can be downright overwhelming! We work with our first responders to find the right mortgage loans and get them in touch with more cost-saving opportunities. Our consultants stay by your side during the process, as well, so you don’t have to tie up your free time with paperwork. Large down payment requirements can really put a damper on your house hunting, so down payment assistance is a huge step forward for EMS mortgage programs.
The Good Neighbor Next Door program is offered by the Department of Housing and Urban Development . This program provides homes to first responders at 50% off the listing price. This means if you find a home for $200,000, you will pay monthly mortgage payments of just $100,000. This only applies to select homes in revitalized communities. The good news is there are many different home mortgage programs available for first responders, including EMTs and paramedics. These programs offer everything from down-payment assistance to reduced fees and grants to help with the down payment.
When you sign a new mortgage or refinance a mortgage, you receive reduced lending fees. In addition, our title company and home inspector specialists provide discounts on their services. You are in professional hands with Medical Finance Group, an accredited licenced finance broker which specialises in the medical transport industry and loans for medical transport professionals. Our experience with the medical transport industry helps us to understand the particulars of your profession and your requirements.
The landscape of possibilities for EMS home loans is all over the map. Some mortgage programs are specifically for EMS workers and first responders while others, though helpful, are more generic loan assistance initiatives that you might qualify for. It’s helpful, whether you are going for your first home or buying a home later in your career, to know what’s out there for EMT home loans and paramedic home loans. What forms a major part of earnings for most emergency services workers, besides their base income, is a combination of overtime compensations, various allowances and relevant penalty payments. As such, these payments make for a regular and standard income source for many of them. Firefighters, law enforcement, military, healthcare workers, EMS and teachers save when they buy, sell or refinance a home.
Whether you have a deposit saved and ready to go or you just want to know what your options are, I can help you understand what you need to do at every step. Paramedic workers are some of the most valuable and hard-working members of our society. You answered the call to make the ultimate sacrifice, but that shouldn’t have to be affordable housing. This quiz will tell you whether you’re eligible for our assistance. To figure out which TSAHC program you’re eligible for, take our Eligibility Quiz.
And while we don’t require you to work with a specific REALTOR®, you can also use this search tool to find a REALTOR® familiar with our programs. If you are eligible, the quiz will then direct you to contact a participating lender in your area. If you meet one of the requirements listed above, you should complete our online Eligibility Quiz.
We’ll ask you a few questions to determine which TSAHC home buying program is best for you. Michelle was upfront and was knowledgeable in the home buying process. She listened to our concerns when they arose and dealt with them accordingly. Overall, we had a great experience and are very satisfied in our first home. I've been around many real estate agents and Teresa was as good as they come.
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