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LAMPLIGHTERONE

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.

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

What is the Program?

We offer a 5% down payment assistance grant program TSAHC (Texas State Affordable Housing Corporation) for professional educators who meet income guidlelines, or a tax credit program MCC (Mortgage Certificate program) that will refund you up to $2,000 a year for as long as you are paying interest on your home! These are programs offered by the State of Texas through a number of participating lenders. Please call us to determine your eligibility. Be sure to contact us to learn about additional new and exciting program assistance for first time homebuyers.

* Part-time employees are eligible if they can demonstrate that the educational institution has provided them with wages for a yearly position.
Closing Cost

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 Good News: You pay little or nothing at closng.
Savings

The expenses that are paid on behalf of educators are spread between , Lender, and Seller:
» Lender Credit Check paid by the Lender
» Cost of Title Insurance paid by the Seller
» Cost of Transaction Fee not charged by the Buyer
» Termite Inspection (if required) paid by the Seller
» Appraisal Fee paid by the Lender
» Cost of Home Warranty paid by the Seller
» Buyers Side Commission paid by the Seller
» Closing Costs paid by Seller for the Buyer
* Based on a $100,000 Mortgage
Restrictions

» Any home... Any home listed on the Multiple Listing Service (MLS) is available using LAMPLIGHTERONE, including foreclosures and HUD homes.
» Any area... You can buy a home in any area. For example, you can live outside your ISD boundaries and choose any location you wish.
» The right loan... We have offered a variety of loan programs for all buyers, the best rates, and superior service for more than 50 years.
» The best loan... Conventional, FHA, VA, or USDA, or whatever loan best fits your needs!

* Every Educator and Hero deserves to own the home they love!
NEW Group Eligible Heroes

» Military Personnel
» Law Enforcement
» Fire Fighters
» Health Care Professionals
» City, County, State and Federal Employees

* Part-time employees are eligible if they can demonstrate that the educational institution has provided them with wages for a yearly position.
MCC Credit Program

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

Who is eligible to receive an MCC?
The program is open to those individuals and families who:
» Meet income and home purchase requirements
» Have not owned a home as primary residence in the past three (3) years
» Meet the qualifying requirements of the mortgage loan
» Will use the home as their principal/ primary residence

About

At A Glance

Teacher Home-Buying Program

LAMPLIGHTERONE provides for the Teacher Home-Buying Program.
It is for school employees, in cooperation with our selected school districts.

Who Is It For?

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.

Get Pre-Qualified

» 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?

MCC Credit Program

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

NEW Group Eligible Heroes

» Military Personnel
» Law Enforcement
» Fire Fighters
» Health Care Professionals » City, County, State and Federal Employees

Get In Touch

Every Educator and Hero deserves to own the home they love!

Please contact us with any questions

Contact

Who Can Participate?

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.

Closing Cost

Cash To Close

What Are Closing Cost?

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.

How Are Closing Cost Paid?

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.

What Is A Down Payment?

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.

Reverse Mortage

At A Glance

How Does It Work?

Learn how a reverse mortgage could provide you more cash.

How It Works ⟶

Facts For Family Members

Get informed about how everyone is affected by a reverse mortgage.

Adult Children ⟶

How Much Can You Get?

Use our free calculator that will help you see how much you could qualify for.

Loan Calculator ⟶

Is It Right For You?

Get the facts from a qualified reverse mortgage originator.

Get The Facts

Learn More

A Reverse Mortgage Could Change Your Life

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Testimonials

“Thank you for all of your patience and assistance in our search for a new home. We gratefully appreciate your sense of responsibility; You truly wanted to find our family a home, not just sell us a house. Your LAMPLIGHTERONE program is a great community service to teachers, and we appreciate your dedication to helping teachers and their families. You and your team have done great things for the business, and you have truly changed our minds about the intentions of agents in our community. Thanks again for all of your hard work. We will be happy to provide referrals for you and your team at any time.”

The Green Family, Coppell ISD

“LAMPLIGHTERONE was instrumental in the purchase of my new home in January 2006. They were not only professional and extremely knowledgeable, they made the process pleasant and relatively easy. I cannot say enough good things about my experience with this company and highly recommend them.”

Marsha L, Sanger ISD

“Knowing, going into the process, that our credit would not be good enough to qualify for anything near what I would like to spend the rest of my life in (I never want to move again), but you all at LAMPLIGHTERONE were there working behind the scenes. Thank you for the encouragement, for the personal concern about our needs and doubts and for standing behind us every step of the way. I am so thankful to the Lord, that He led us to you.”

Barbara F., Mesquite ISD

“I would like to take this opportunity to express my appreciation to you for making it possible for me to have my dream home. Through your hard work and dedication I was able to purchase my first home. Howard patiently walked me through the mortgage process and answered all of my questions! Your staff possesses high levels of professionalism, integrity and a genuine desire to assist people in securing a home. I would recommend LAMPLIGHTERONE to other prospective buyers. Thanks so much.”

Vicki C., Northwest ISD

“I do not know what I would have done without the great help and dedication these two people in helping me purchase my home in Springtown, TX. This is one company I put my entire trust and confidence in. They are the home owners dream come true. They value and respect each individual loan as if it was for themselves. I can highly recommend this company to take care of you and your family.”

Peggy B., Springtown ISD

Welcome

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.

What is the Program?

Closing Cost

Savings

Restrictions

NEW Group Eligible Heroes

MCC Credit Program

About

Teacher Home-Buying Program

Who Is It For?

Get Pre-Qualified

MCC Credit Program

NEW Group Eligible Heroes

Get In Touch

Who Can Participate?

Closing Cost

What Are Closing Cost?

How Are Closing Cost Paid?

What Is A Down Payment?

Reverse Mortage

How Does It Work?

Facts For Family Members

How Much Can You Get?

Is It Right For You?

Learn More

Applications

Apply

Spanish Application

Need A Realtor

Testimonials

4801 Woodway Drive, Suite 300 East, Houston, TX - 77056

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Referral

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