State Affordable Housing Corporation Announces 3.75-Percent Rate on Educator Mortgage Loans

The Texas State Affordable Housing Corporation has lowered the mortgage-loan interest rate on its Professional Educators Loan Program. The new rate is 3.75 percent, and the TSAHC makes that rate available along with a grant equaling 5 percent of the loan that can be used toward down payment and closing costs. You can find out if you are eligible by visiting the TSAHC Web site at www.tsahc.org. You also can contact TSAHC toll-free by phone at 877-508-4611.