I like in Oklahoma where I make 34K per year. Houses aren't that expensive but on top of my other expenses, saving for a house seems nearly impossible.

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I live in Illinois and work here too. I understand your pain. I have my master’s so my loans for college are 69,000. Even trying to get some loan forgiveness still leaves me feeling overwhelmed and terrified of buying a home. I rent currently and my salary is about 39,000 net pay and Illinois is crazy expensive. I also pay rent, a car loan, my college loan and insurance. Plus other bills for living necessities. I’m 29 and nowhere near close enough to saving for a down payment so I can buy a house.

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It's sad but somewhat comforting that you and I are in similar positions. Alabama isn't anywhere near as expensive as I'd imagine Illinois is, but my net pay ends up being about 30k annually. Being able to afford a house and car payment simultaneously seems like an impossible feat, but I'm trying to pay off my debt before making any moves on either of those things.

Amen. This speaks to how our society needs to show more respect for the profession and pay our educators in accordance with the incredible value they provide all of us.

We don’t have a magic bullet, but my colleague Kelley has written some excellent pieces that I like to share with individuals who are in the very beginning stages of pursuing homeownership.
https://www.landed.com/blog/how-to-take-the-first-step-toward-financial-wellness
https://www.landed.com/blog/headed-in-a-new-direction

We’ve also curated a list of national resources that have been helpful to school employees we’ve worked with along the way. (If anyone here has resources you recommend we add to this national database, or resources specific to Oklahoma, please let us know!)
https://www.landed.com/national-resources

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Glad you are here to answer our questions. How exactly does landed work?

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Thanks for doing this! How did ya'll at Landed come up with this idea? Super interesting.

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

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

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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

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

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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.

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

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Hi everyone!! It’s Jess at Landed here. Excited to answer your questions over the next few days with my teammate Alex. Will be popping in and out until Friday - look forward to chatting!

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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.

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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.

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Is that something that's available to Teachers in Louisiana?

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