The HELPER Act is a bipartisan legislation bill and home loan assistance program backed by Republican Sen. Marco Rubio of Florida and Democratic Sen. Jon Ossoff to allow law enforcement, firefighters, EMS and educators of grades K-12 to purchase homes in the communities they serve.
The HELPER Act, or Homes for Every Local Protector, Educator, and Responder, would provide civil servants a one-time-use home loan at a 3.6% premium fee to the federal government without requiring a down payment. This fee populates an insurance fund that houses money in case of foreclosure from a recipient of the loan.
"That kitty right now, I think, is 300% overfunded," said Samuel P. Royer, Marine veteran and National Director of Heroes First Home Loans.