Homebuying for Educators
County Office of Education
It’s a great time to buy, sell, or refinance your home. But the financing can be overwhelming. Explore the tips, tools, and resources below to learn more about the home buying process and the different mortgage options available.
Walk through the process of buying a home with this 7-minute interactive module.Lean More
Home Buying Guide
From finding your home to financing it, explore this comprehensive home-buying guide.Learn More
Check out this toolkit of videos, worksheets, and calculators to help you on your home-buying journey.Learn More
Watch this short video to learn about ARMs and whether they might be a good option for you!Learn More
Get to know the questions you should ask before choosing a mortgage with this short article.Learn More
Home-Buying with RCU
Explore the home-buying options RCU has to offer by visiting the RCU Home Loan Center!Learn More
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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