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

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Couldn’t agree more. Pay is absolutely a core factor in all of this. Especially in our expensive cities, teachers and others in the education field need to be paid more.

The more you’re paid, the more you can afford to pay for the cost of living while saving for a down payment. And even if folks don’t go into the profession for the money, y’all deserve our society’s respect. And that respect starts with the folks who are upholding all of us being able to choose to continue doing so AND have a pathway to financial security and freedom near the communities you serve. We’re seeing far too many folks being forced to move professions or cities because salaries and traditional financial tools (like a standard mortgage on a home) are incompatible. We need all sorts of solutions to this, from higher pay, to new financial tools, to government policy that makes sure there are enough homes on the market to keep prices down. No simple task...

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

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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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Over the next couple days, my colleague Jess (who heads all our customer experience work) and I will be popping in and out to take questions on the topic of becoming a homeowner. Hope we’re helpful!

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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

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