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Low-Cost Mortgage Loans Available To Educators Teachers, teacher aides, librarians, school nurses, and counselors employed by public schools are eligible for low-cost mortgage loans through the Texas State Affordable Housing Corporation.
The agency will provide up to $10 million in mortgage loans at an interest rate of 5 percent for educators who meet program qualification guidelines . Three percent of the loan amount is provided as a grant to help the educator afford down payment and closing costs.
