Educator Mortgage Program

Supreme Lending Willmar is proud to offer special home loans for teachers, educators, and other school employees. We believe in rewarding members of our community who take on the important responsibility of preparing our children and young adults for the future. We also know that teachers make good neighbors who have a positive impact on those around them. If you’re an educator looking for a new home, explore the benefits of our Educator Home Loans program and find out if this type of mortgage is right for you.

Mortgage Benefits for Teachers

Advantages of Supreme Lending’s Educator Home Loans include both financial incentives and community support.

Lower Closing Costs and Fees

The team at Supreme Lending is always looking for ways to give back to Texas communities. Our Educator Home Loans cut closing costs by up to $800, letting us give back by reducing the cost of buying a home for the teachers who live and work in our neighborhoods.

Teachers also qualify for discounted real estate agent fees of up to $800. In total, we apply $1,600 in credits to your home purchase at closing.

Faster Loan Processing

Teacher loans take priority at Supreme Lending. Our Educator Home Loans program features faster-than-average turnaround times for loan approvals, processing, and closing, which means you won’t stand in line when it comes to your mortgage. Supreme Lending mortgages close in an average of about 21 days, so you could potentially be in your new home within the month.

Giving Back to Your School

We know it can be challenging for schools to find the funds they need for both essentials and extras. When your loan closes with Supreme Lending, we’ll donate up to $400 to any program you choose at your school. You can use the money to stock the teacher’s lounge, buy new art supplies, contribute to team uniforms, or for anything else your students and faculty need to succeed. 

Who Qualifies for Teacher Home Loans?

You may be eligible for our Educator Home Loans program as a:

  • Public or private school K-12 teacher.
  • Coach.
  • School faculty member.
  • School librarian.
  • School nurse.
  • Staff member in administration, such as a secretary.
  • Staff member in facilities or custodial services.
  • Member of school or district leadership.
  • College or university adjunct faculty member or professor.
  • College or university employee.
  • School counselor.

Types of Teacher Home Loans

Home Purchase Programs

You can get an educator mortgage from Supreme Lending to purchase or refinance your home. Select from a wide variety of home loan options that include:

  • First-time home buyer loans for teachers, such as our down payment assistance program for Texas residents who meet specific income requirements.
  • Home improvement loans for teachers so you can renovate a newly purchased property right away.
  • FHA home loans for teachers, which require a down payment of just 3.5% and accept applicants with below-average credit.
  • Other government home loans for teachers, including VA and USDA mortgage programs.

Teacher Mortgage Refinancing

We offer rate-and-term refinancing to change the interest rate and/or the term of the mortgage so you save money. You can also cash out a portion of your home equity for renovations when you refinance with our Educator Mortgage Program.

We also try to partner with real estate agents who share our commitment to local philanthropy. Our team can provide recommendations if you’re looking for a trustworthy professional to help you find the ideal home in the Plano area. 

Consider Supreme Lending for your mortgage, especially if you’re a teacher or school employee. We have a customer satisfaction rate of nearly 98%. Contact one of our loan specialists today to find out more about the Educator Home Loan program and learn whether you qualify.

1. The Educator Mortgage Program through Supreme Lending entitles the borrower to a closing cost credit equal to .20% of the funded loan amount up to the lesser of $800 or the total closing cost amount. The credit applies to all loan products other than Bond Programs, which are not eligible under the Educator Mortgage Program. The lender credit will be reflected on the Closing Disclosure. No part of Lender Credit can apply to or offset the down payment. Special incentive program subject to change without notice. This offer is not valid with any other incentives or discounts.

2. The Educator Mortgage Program through Supreme Lending entitles the eligible home buyer and/or seller to a credit against real estate fees equal to .20% of the closed purchase price up to a maximum of $800. Subject to Real Estate Agent participation. Supreme Lending will make efforts to identify a participating Real Estate Agent but does not guarantee Real Estate Agent participation. In the case of no Real Estate Agent participation, the home buyer or seller will not receive the discounted Real Estate Agent fees. See the eligibility requirements listed above for qualifying buyers, sellers, and borrowers.

3. The Educator Mortgage Program through Supreme Lending also entitles the borrower to obtain a donation from Supreme Lending to their preferred school program equal to .05% of the loan amount, up to a maximum of $200. The donation is available on all loan products other than Bond Programs which are not eligible under the Educator Mortgage Program. The donation will be made directly to the school. A participating Real Estate Agent may also make a donation to the borrower’s preferred school program equal to .05% of the loan amount, up to a maximum of $200. Subject to Real Estate Agent participation. Supreme Lending will make efforts to identify a participating Real Estate Agent but does not guarantee Real Estate Agent participation. In the case of no Real Estate Agent participation, the home buyer or seller will not be entitled to this donation, but it will not affect the lender credit or lender donation in any way. The donation will be made directly to the school.

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NOT A GUARANTEE, OFFER OR AGREEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2017. Information, rates, & programs are subject to change without prior notice. Subject to credit & property approval. Not affiliated with any government agency. Intended for Texas Consumers Only. Texas- SML Mortgage Banker Registration Residential Mortgage Loan Originator.