In an effort to help teachers purchase a piece of Lexington real estate , a new initiative has been recently released. The reality of owning a home is a long way off, especially since the salary average for first-year teachers is $31,794.
Partnering together, lending and title companies hope to extend mortgage options for educators. They also want to inform teachers of individualized loan programs that exist for those in the education field. All around the country, teaching is one of the most underpaid professions. Teacher might be able to purchase a home closer to their school, with their present salary, with help from these programs.
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