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

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Normally our school with take up donations to give back to the family

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Like most things like this, if someone we know is going through tough times most of us pull together to help, donate etc...

This is a really important factor to consider when determining what property to buy. Before you buy a home, you have access to natural hazard maps which outline what level of risk each property is to certain natural disasters. Our team helps our buyers understand the risk level they’re taking on.

To help you manage that risk, home insurance exists to help make you whole in the case of fire, flood, earthquakes or other disasters. Not all policies cover all potential disasters -- for example, most of the time, homebuyers need to buy a separate earthquake insurance policy to get covered.
But even with insurance, it may still cost you money to get your home back to its original state.

With Landed specifically, over the time we work together, we expect our homeowners to keep the home in a similar shape to when they bought it. Like your mortgage lender, we also require that you carry certain insurance to help minimize the chance that an unlikely disaster bankrupts you and your family.

That said, working with Landed, you have an extra support system in figuring out how to proceed in the face of unexpected disasters. Because we are not a lender, but a co-investor, our interests are very aligned with homeowner’s interests.

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Additional Posts in Homeownership for Teachers

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

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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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What programs or resources do you have available for Texas teachers?

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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.

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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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I'm a younger teacher in a high COL area. In terms of wealth building, how does home ownership stack up to other methods like investing in stocks?

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What resources are there for single income teachers? I'm wanting to buy a house but struggling with my income being the only source.

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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

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

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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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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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My fiancé and I are planning to buy a home right around our wedding (we’d need to close next June). Has anyone heard of special programs we can look into? He’s military so we have VA Financing...

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

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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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