Housing Bill will allow teachers and first responders to access mortgages without a down payment



House members have introduced a law that will give teachers and first aiders a no-down payment option for a mortgage. (iStock)

Members of the House of Representatives recently introduced a bipartisan law that will give teachers and first responders, including law enforcement, firefighters, emergency medical technicians (EMT) and paramedics, access to mortgages without paying a down payment.

The Homes Act for Every Local Protector, Caregiver, and Respondent (HELPER) aims to help these people acquire a home in the current competitive housing market. The bill has been referred to the House Financial Services Committee, which has yet to mark-up it.

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“The ongoing pandemic has garnered the attention of some of America’s most important undetected heroes,” he said. says Rep. John Katko (RN.Y.) “From teachers to police officers, paramedics, nurses and firefighters, we have seen these professionals genuinely support our country during the pandemic and at times risk their own lives in fulfilling their responsibilities.

“Unfortunately, these heroes, who make great sacrifices for our communities, often fail to find affordable housing in the communities they serve,” he said. “That’s why I’m proud to work with Republicans and Democrats to enact the Homes Act for every Local Advocate, Educator, and Respondent (HELPER).”


  • Create a one-time home loan program with the Federal Housing Administration (FHA).
  • Elimination of the down payment requirement
  • Opt out of monthly mortgage insurance premiums (MIPs)

The legislation is modeled on the Virginia Home Loan Program, which offers benefits to veterans of the US military. This is expected to save skilled professionals about $ 90 per month in their monthly bills, as well as reduce the initial cost of buying a home.

Many home buyers can save money on monthly mortgage payments today by simply shopping with different lenders to compare interest rates. Visit Credible to see how much you can save.


In addition to Katko, HELPER was represented by Al Lawson (Florida), John Rutherford (Florida) and Bonnie Watson Coleman (Florida). It began as an initiative by Samuel Royer, national director of Heroes First Home Loans, who says the bill is likely to be passed by Congress with its bipartisan backing and a positive approach to its goals.

If you don’t want to wait for a bill to go through legislative process, check Credible to compare rates and talk to the lender about other options available to you.

The Association of American Educators (AAE), a national non-union professional association, is calling on Congress to support the HELPER Act.

“Educators have always given more than expected, often working overtime and spending hundreds of dollars annually to provide quality education for their students,” said AAE Executive Director Colin Sharkey. “Despite their commitment to their communities, too many teachers in our country cannot afford to buy their first home.

“Our teachers continue to meet the challenge of providing quality education to their students despite the many challenges during the COVID-19 pandemic,” Sharkey said. “They deserve our support, and giving them access to affordable housing is one way to ensure that we respect their obligations to our students and our community.”

If you are considering buying a home, visit Credible speak with a home loan specialist and get all your questions answered.

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