House bills would give teachers and first responders access to a no down payment mortgage

Members of the House of Representatives introduced a law that would give teachers and first responders a no-deposit mortgage option. (iStock)

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

The Homes for Every Local Protector, Educator, and Responder (HELPER) Act is designed to help these people buy a home in the current competitive housing market. The bill has been forwarded to the House of Representatives Financial Services Committee, which includes a surcharge for it.

If you want to see what mortgage options are available to you, visit an online marketplace like Credible to compare lenders.

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“The ongoing pandemic has put some of America’s most important unsung heroes in the spotlight,” says Rep. John Katko (RN.Y.). “From teachers to police officers to paramedics, rescue workers and firefighters, we’ve seen these professionals loyally support our nation during the pandemic, and sometimes risk their own lives to fulfill their duties.

“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 be working with Republicans and Democrats to bring about the Homes for Every Local Protector, Educator, and Responder (HELPER) Act.”

The legislation would:

  • Create a One-Time Home Loan Program Under the Federal Housing Administration (FHA)
  • Eliminate a down payment requirement
  • Eliminate a Monthly Mortgage Insurance Premium (MIP)

The legislation is modeled on the VA Home Loan Program, which provides benefits to U.S. military veterans. Qualified individuals are expected to save about $ 90 a month on their monthly payment and reduce the upfront cost of buying a home.

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


In addition to Katko, the HELPER Act was approved by the Reps. Al Lawson (D-Fla.), John Rutherford (R-Fla.) And Bonnie Watson Coleman (DN.J.) introduced. It started as an initiative from Samuel Royer, national director of Heroes First Home Loans, who says the bill is very likely to be passed in Congress because of its bipartisan support and positive goals.

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

The Association of American Educators (AAE), a national non-union professional body, calls on Congress to endorse the HELPER Act.

“Teachers have always given more than expected, often working long hours and spending hundreds of dollars annually to ensure their students receive quality education,” said Colin Sharkey, executive director of AAE. “Despite their commitment to their communities, too many educators in our country have a hard time affording their first homes.

“Despite numerous challenges during the COVID-19 pandemic, our educators have continued to rise to the challenge of delivering quality education to their students,” Sharkey said. “They deserve our support, and giving them access to affordable housing is one way to ensure that we honor them for their dedication to our students and our communities.”

If you are considering buying a home, visit Credible to speak with a home loan expert and have all of your questions answered.

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