You Could Get a Huge Discount on Your House if You Work in One of These Professions

This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.

Homeownership comes with many responsibilities that can be hard to manage. Luckily, these professions give substantial discounts. Find out what they are. 

Owning a home is a dream come true for many people. It’s a significant milestone that marks a sense of security, belonging, and comfort. However, the process of acquiring a house and getting a mortgage can be costly, time-consuming, and overwhelming. Fortunately, some professions open up access to exclusive discounts to make homeownership more affordable. Here are some of the professions that qualify you for huge discounts on house purchases.

1. Medical professionals

If you work in the medical field, congratulations! You could be eligible for a substantial discount on your future home from Nurse Next Door. The home buyers program offers grants of up to $8,000 and down payment assistance of up to $10,681. It also offers a free appraisal (up to a $545 credit at closing), free access to (MLS) home listings, a discount on title fees for first-time home buyers, and more.

Here’s who is eligible for the program:

Nurses (RN, LPN, NP)CNA’sDoctorsMedical assistantsMedical staffSpecialistsOrthodontistsEndoscopy/radiology techsLab techsChiropractorsDentistsVeterinariansHospital employeesPharmacist

Plus, there are many different federal, state, and local programs available to nurses and healthcare workers, including the State Housing Initiative Program (SHIP), Keystone Challenge Fund, and USDA Rural Program.

With these discounts, medical workers can save tens of thousands of dollars on their home purchases. You only need to show proof of your employment, and you’re good to go. So, if you’re a medical professional looking forward to owning a house, this could be your chance.

2. Teachers

Teachers play a crucial role in shaping the futures of many people across the nation. That’s why there is a wide range of programs offering educators a special discount for home purchases.

The Good Neighbor Next Door Program offers pre-K through 12th-grade teachers a 50% discount off the list price of homes in certain neighborhoods. Teachers need to live in the house for at least 36 months as their principal residence.

Another home-buying program offering discounts to teachers is Teacher Next Door. Similar to Nurse Next Door, it offers grants up to $8,000 and down payment assistance up to $10,681. There are also many other federal, state, and local programs teachers can apply for.

3. Military personnel

Soldiers who serve in the military face unique challenges and risks to keep the nation safe. To honor their service, there are many federal and state programs offering special discounts on housing purchases.

Soldier Next Door is a home-buying program offering, among other things:

Grants of up to $8,000Down payment assistance of up to $10,681A free appraisal (up to $545.00 credit at closing)Free access to (MLS) home listingsFree home buyer representationDiscount title fees

In addition, there are numerous non-profits, such as the Military Housing Assistance Fund, that pay for the closing costs for military members and veterans. If you are a veteran, do your research to find the program right for you. The VA Loan program is another popular program that offers substantial benefits for those who qualify.

4. Police officers and firefighters

Police officers and firefighters play an essential role in protecting communities and saving lives. Therefore, there are many programs offering them exclusive discounts on home purchases.

Two popular programs are Firefighter Next Door and Officer Next Door. Both programs offer many benefits, including:

Grants of up to $8,000Down payment assistance of up to $10,681A free appraisal (up to $545.00 credit at closing)Free access to (MLS) home listingsFree home buyer representationDiscount title fees

Anyone working in law enforcement, such as crime scene technicians, park rangers, and substance abuse counselors, qualify for the program. Similar to the other professions, there are other programs officers and firefighters can apply for.

Take advantage of discounts available to you

Owning a home is a significant investment that increases your net worth and provides a sense of stability and pride. While it can be a challenge to acquire a home, discounts targeted at specific professions can make it more affordable. For example, another popular program is Homes for Heroes, which helps all of the professions listed above save on average $3,000 when they buy or sell a home.

If you work in any of these professions, explore the home-buying discounts you are eligible for. You could be closer to owning your dream home than you think!

Our picks for the best credit cards

Our experts vetted the most popular offers to land on the select picks that are worthy of a spot in your wallet. These best-in-class cards pack in rich perks, such as big sign-up bonuses, long 0% intro APR offers, and robust rewards. Get started today with our recommended credit cards.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy.

 Read More