How does LATMAP serve teachers who are in the process of purchasing a home?
The Los Angeles Teachers Mortgage Assistance Program is designed to provide you with all of the resources you need to be successful in the home buying process. Whether you are seeking specialized home loans, homeownership counseling services, credit repair, or the services of real estate professionals, LATMAP can guide you on the path to successful homeownership.

Is LATMAP restricted only to full-time, credentialed teachers working for LAUSD?
No. LATMAP services extend to all employees of the Los Angeles Unified School District.

Which of the available home loans are limited to first-time homebuyers?
A few of the home loans are designed for first-time homebuyers.  A first-time homebuyer is defined as an individual who has not held title on a property in the last two years.  We advise all clients to contact the lender to find out more information.

Are there any geographic restrictions associated with any of the available services?
The only resource available through LATMAP that contains any geographic restriction is the HUD Teacher Next Door program. HUD homes available to teachers for purchase have to be located in HUD-designated revitalization areas in Los Angeles. The remainder of the services available through LATMAP extends anywhere in California.

Which home buying resources require teachers to be state certified in order to participate?
The HUD Teacher Next Door program and the Los Angeles Housing Department Extra Credit program are restricted to teachers who are state certified. Teachers of all experience levels can qualify for the remainder of the available home loans.

How good does your credit have to be in order to become eligible for the home loans designed specifically for teachers?
Mortgage lenders evaluate a variety of factors to assess your credit worthiness and ability to repay the loan.  Again, we advise clients to contact the lender directly to understand the lender’s underwriting criteria.

Does one have to attend a Homebuyers Education Workshop to be eligible for the home loans designed specifically for teachers?
Most of the loan products available through the Housing Department for both the City and County of Los Angeles requires the homebuyer to complete at least 8-hours of pre-purchase and post-purchase counseling.

Does LATMAP have contacts for teachers seeking home improvement loans or refinancing?
Yes.  Please contact our office for more information.

Is it possible to combine subsidy programs, such as an Individual Development Account (IDA) Program for down payment assistance with any of the home loans designated for teachers?
In most cases, one is eligible to combine several subsidy programs that provide down payment assistance with a mortgage loan.  However, the lender must verify whether or not this is possible, based on their underwriting criteria.  Please contact the lender for more information.