If you are a public school teacher, making $40-60,000, how are you supposed to buy a house?  Well, it is possible.  Many lenders are ready to help our teachers (and other municipal workers) with low-interest, government-backed loans. And our state housing agency, THDA, is already prepared to help with low-interest loans for closing costs and down payment assistance. Try to have some savings, around 3% of the price, work on improving your credit, and go to a reputable lender who knows how to work with FHA and THDA. You wouldn't believe the beautiful homes out there that are within reach for teachers!