Homeownership for Teachers

65 members
Chat with Alex Lofton and Jess Zhao of Landed, which specializes in helping educators buy homes where they teach!
like
Reaction Icon Like
Arrow Icon

How does your help help with interest rates if we're only putting 10% down. In addition to a meager down payment, I also worry abt interest :( Definitely didn't get into this for the money

Reaction Icon Like
Arrow Icon

My honest opinion is that biggest impediment to home ownership for teacher is our bullshit pay.

like
Reaction Icon Like
Arrow Icon

Signing off for the day! Looking forward to continuing the conversation tomorrow. Keep the questions coming :)

like
Reaction Icon Like
Arrow Icon

How is homeownership impacted by the type of school you teach at (public vs charter vs private)? Do you find one type is better compensated and better positioned for the down payment?

like
Reaction Icon Like
Arrow Icon

Landed’s been working with the College Football Playoff Foundation, and we just gave away another $25,000 to help a Bay Area teacher buy a home. We surprised Jenna, 3rd grade teacher this AM.

Post Photo
like
Reaction Icon Like
Arrow Icon

What happens if a teacher you work with looses their home to a disaster like a fire or earthquake?

smart
Reaction Icon Like
Arrow Icon

I'm in my second year of TFA, and am thinking of sticking with this teaching thing (crazy, I know). I'm wondering if you have savings accounts I can use to work towards a down payment.

like
Reaction Icon Like
Arrow Icon

I'm a leader in our union and am finding what you're talking abut here pretty interesting. Do you think we should talk to our unions about including home ownership in negotiations? How cld we do this?

like
Reaction Icon Like
Arrow Icon

My score is 620 nothing outstanding but my student loans are killing me. I cant get approve for a house

like
Reaction Icon Like
Arrow Icon
likehelpful
Reaction Icon Like
Arrow Icon

What's your favorite story helping someone buy a home? I'm going through the process now and it's so stressful. I need a little positivity :)

likeuplifting
Reaction Icon Like
Arrow Icon

What a great conversation so far! I’m headed to a couple meetings but will check back in soon - keep the questions coming!

like
Reaction Icon Like
Arrow Icon

Related to a teacher from Indiana who had to make a big repair, how do you recommend we budget for maintenance? I feel like we can work towards downpayment, but maintenance puts it out of reach.

likehelpful
Reaction Icon Like
Arrow Icon

I recently closed on a home and felt like I had to claw for 10% of my downpayment - didn't do 20. Do you think it was a mistake to not do 20? It just seems impossible as a teacher.

like
Reaction Icon Like
Arrow Icon