Mortgage Affordability Pressures Are Creating a New Education Gap for First Responders and Blue-Collar Homebuyers
As homebuying becomes more complex, specialized mortgage programs are placing greater emphasis on financial education, income analysis and buyer readiness. NEW YORK — Affordability remains one of the biggest challenges facing prospective homebuyers, but for many first responders and blue-collar workers, the challenge begins before they ever apply for a mortgage. Police officers, firefighters, EMS professionals, corrections officers, nurses, teachers, transit employees, sanitation workers, union members and skilled-trade workers often earn income that extends beyond a traditional fixed salary…
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