Red Gold Foods in Indiana

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    A major producer of tomato products, Red Gold Foods offers to pay 5 percent of an employee’s required mortgage down payment, up to $10,000. The worker must purchase a new home near one of the company’s Indiana processing plants, which are located in the communities of Alexandria, Elwood, Orestes, or Geneva. Career path choices at Red Gold range from office support and lab assistance to quality assurance, maintenance, production, and electrical work, guaranteeing a wide variety of job options for skilled trade employees and college graduates alike. Click here for more .

    Related:  11 Myths Home Buyers Should Never Believe

    istockphoto.com

    Johns Hopkins in Baltimore, Maryland

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    Many full-time employees at Johns Hopkins facilities, including Johns Hopkins Hospital and Johns Hopkins University, can apply for housing grants of between $5,000 and $17,000. To be eligible, the employee must purchase a home within specified boundaries and complete a required homeownership counseling class. The home must be the employee’s primary residence, and it can't be sold for five years, or else a portion of the grant may need to be repaid. Click here for more .

    istockphoto.com

    Brookhaven National Laboratory in Upton, New York

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    Located on Long Island, Brookhaven is one of the largest multipurpose science and research facilities in the United States, employing nearly 3,000 scientists and engineers. The laboratory conducts research on renewable energy, climate, medicine, physics, and virtually everything in between. Brookhaven employees are eligible to participate in a larger Long Island housing initiative that offers up to $5,000 toward the down payment on a house in Suffolk or Nassau counties. A minimum five-year work commitment to Brookhaven is required. Click here for more .

    Related:  8 Home Costs That Take New Buyers by Surprise

    flickr.com via Brookhaven National Laboratory 

    Chicago Public School District

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    In an effort to attract quality K-12 teachers, Chicago Public Schools (CPS) provides a $3,000 loan to teachers purchasing their first home in the Chicago school district. The loan can be forgiven if a teacher works for the schools for five years; otherwise, it must be repaid. Teachers can also take advantage of a CPS-partnered “Tax Smart” program, which allows them to reduce their reported taxable income by up to $2,000 every year they pay their home mortgage. Click here for more .

    istockphoto.com

    Yale New Haven Hospital in New Haven, Connecticut

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    The Yale New Haven Hospital employs more than 12,500 workers. (Approximately 4,000 of these are medical staff, with the rest in support roles.) The hospital has developed its own Home Ownership Made Easier (HOME) program that provides up to $10,000 in forgivable loans to employees purchasing their first home. To qualify, you must reside in the home for a minimum of five years and remain a hospital employee during that time. Click here for more .

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    Wikimedia Commons via YNHHEditor

    U.S. Government in Washington, D.C.

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    Government employees in Washington, D.C. , can take advantage of some of the best EAH benefits around. The housing program, which is open to employees purchasing their first home , includes a deferred 0 percent interest loan of up to $20,000. This loan may be used for a down payment or closing costs, and it need not be paid back until the employee sells or refinances the home. To qualify, the employee must agree to a five-year work commitment. Click here for more .

    istockphoto.com

    University of Southern California in Los Angeles

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    Eligible faculty and staff at the University of Southern California (USC) can participate in the USC Neighborhood Homeownership Program, which encourages employees to purchase homes near the university. Over a seven-year period, employees can receive the lesser of $50,000 or 20 percent of their home’s purchase price, as long as they remain employed by USC and live in the home. This mortgage “rebate,” however, is treated by the IRS as taxable income, so recipients will have to pay income tax on the value of the rebate. Click here for more .

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    What career helps you buy a house?
    Real Estate Agent (aka Realtor) The job of a real estate salesperson is to assist the buyers and sellers to buy or sell a property. more
    Does CFA help career?
    Getting your CFA charter allows you to gain analytical skills and expertise in quantitative methods, economics, financial reporting, investments analysis, and portfolio management. This set of skills and knowledge you will develop as you become a CFA charterholder will serve you well throughout your career. more
    Do you pay Help to Buy monthly?
    you pay monthly interest of 1.75% of the equity loan. more
    How do I pay help to buy?
    How do you repay a Help to Buy Equity Loan?
    1. You can make repayments at any time.
    2. Repayments must be at least 10% of your home's current market value.
    3. Staircase payments may be subject to other criteria set by your lender.
    more
    Is anything Replacing Help to Buy?
    The government's flagship policy to replace Help to Buy, First Homes are now a material consideration in all planning applications. Eligible properties will be sold at a price of between 30 and 50% below market value – a discount that remains in perpetuity. more
    What is replacing Help to Buy?
    The government's flagship policy to replace Help to Buy, First Homes are now a material consideration in all planning applications. Eligible properties will be sold at a price of between 30 and 50% below market value – a discount that remains in perpetuity. more
    Is government help to buy worth it?
    The government loan is interest-free for the first five years. By lowering the loan to value (LTV), Help to Buy enables you to access lenders more affordable mortgage rates. These rates typically kick in around 75% LTVs, which are more attractive for lenders due to lower risk. more
    What's replacing Help to Buy?
    In October 2018 the government announced that the Help to Buy: Equity Loan (2021-2023) scheme would run from 1 April 2021 to 31 March 2023. There are no plans to extend or replace Help to Buy: Equity Loan. more
    Who qualifies Help to Buy?
    You must be at least 18 years old. You must be a first time buyer, meaning that you have never owned another property either in the UK or abroad. If you are purchasing a property with another person, you must both meet the definition of a first time buyer to benefit from the scheme. more
    Who qualifies for Help to Buy?
    The general eligibility criteria for Help to Buy is as follows:
    • You must be at least 18 years old.
    • You must be a first time buyer, meaning that you have never owned another property either in the UK or abroad.
    • You will require at least a 5% deposit of the full purchase price of the property.
    more
    What will replace help to buy?
    The government's flagship policy to replace Help to Buy, First Homes are now a material consideration in all planning applications. Eligible properties will be sold at a price of between 30 and 50% below market value – a discount that remains in perpetuity. more

    Source: www.bobvila.com

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