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Phone: 713-343-6000 | 877-595-9894
LAMPLIGHTERONE is designed with school Employees and Heroes in mind!
LAMPLIGHTERONE
LAMPLIGHTERONE is a provider of the teacher home-buying program. It is open to school district and university employees as well as their retirees, that offers special incentives and out-of-pocket savings when buying a home. It is available to teachers and school staffs who register with LAMPLIGHTERONE.
LAMPLIGHTERONE is pleased to service you. This opportunity will insure better service, (faster closings) reduced costs, (lower Fees) and the most competitive rates available. It is our mission and promise to you to always find ways to improve the quality of our services. Please contact us any time for more information about LAMPLIGHTERONE.
Teacher Home-Buying Program
At A Glance
LAMPLIGHTERONE provides for the Teacher Home-Buying Program.
It is for school employees, in cooperation with our selected school districts.
If you work for a public or private educational institution, PK-12 or university level, you are eligible. Retired school and university personnel are also eligible for this program.
» What can I do about my credit score?
» How much would the bank loan me?
» What would my monthly payment be?
» Do I qualify for a professional education grant?
A Mortgage Credit Certificate allows the homebuyer to claim a tax credit for some portion of the mortgage interest paid per year. It is a dollar for dollar reduction against their Federal Tax Liability
» Military Personnel
» Law Enforcement
» Fire Fighters
» Health Care Professionals » City, County, State and Federal Employees
Please contact us with any questions
Teachers
Counselor
Librarian
Nurse
Administrator
Secretary
Clerical Aide
Instructor
Teaching Assistant
ROTC Instructor
Communities in Schools
Instructional Aide
Part-time Employee
Bus Driver
Cafeteria Worker
Maintenance Worker
Custodian
District Retiree
Security Worker
Salaried Worker
Head Start Employee
Campus Police Officer
* Part-time employees are eligible if they can demonstrate that the educational institution has provided them with wages for a yearly position.
Cash To Close
They are the expenses associated with the transaction of buying a home.
Some closing costs are: loan fees, title fees, survey, appraisal, attorney fees, couriers, transaction fees, etc.
Taxes and homeowners insurance are paid at closing, and are loosely referred to as closing costs
although the proper
term is pre-paid expenses
. These costs amount to several thousand dollars, depending on the price of the home.
Both Seller and Buyer have closing costs.
The Seller usually pays for Seller closing costs (including commissions) from the money received from the Buyers lender. The Buyer usually pays for Buyer closing costs by bringing a cashers check for the closing cost (and down payment). However, LAMPLIGHTERONE often adds Buyer closing costs to the sales price of the home. The bad news: you pay more monthly. The good news: you pay a LOT less cash at closing.
Down Payment is the percentage of the homes sale price that the Buyer is paying upfront. Banks require Buyers to pay a portion of the cost so that the Buyer has money invested in the home. A bigger down payment can mean a lower interest rate. FHA loans currently require the least down payment, which is calculated at 3.5% of the sales price of the home.
At A Glance
Get informed about how everyone is affected by a reverse mortgage.
Adult Children ⟶Use our free calculator that will help you see how much you could qualify for.
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Branch ID: 1301736 - 4801 Woodway Drive, Suite 300 East, Houston, TX - 77056 - P: 713-343-6000 | Texas Mortgage Banker Houston
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