Zero Monthly Insurance Premium For First Responders and Teachers

The new bill proposed for the first responders and teachers introduced by .S. Representatives John Rutherford (R-Fla.), Al Lawson (D-Fla.), John Katko (R-N.Y.), and Bonnie Watson Coleman (D-N.J.) were presented with that of similar benefits to the Veterans Affairs (VA) loans.

“I believe that American first responders deserve the same access to affordable housing benefits that I have as a veteran,” said Samuel Royer, the national director for Heroes First Home Loans at Churchill Mortgage and a veteran. came up with the idea for the program, to acknowledge first responders’ sacrifices.

They called the bill "Homes for Every Local Protector Educator and Responder Act" which would allow the borrowers to finance up to pay an up-front mortgage insurance premium of 3.6 percent of the principal, which could be financed, and would not pay a monthly insurance premium. The bill would allow borrowers to finance up to 100% of the acquisition price. 

Police officers, prison guards, firefighters, paramedics, emergency medical technicians, and public or private school teachers would all be eligible as long as they meet the following criteria:

  • The candidate must have worked for at least four years
  • The candidate must not have any disciplinary action at their job
  • The candidate must show that they intend to keep working in the same job for another year

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