A mortgage preapproval letter is usually good for 30 to 90 days, and some lenders will lock the rate for that time.
Having a letter of preapproval from a financial institution can help ensure that you’re ready to snap up a home you love.
Key Points
• Mortgage preapproval letters are valid for 30 to 90 days, depending on the lender and loan type.
• Interest rates may be locked during the preapproval period, providing cost stability.
• Preapproval helps you understand your homebuying budget and shows sellers you are a serious shopper.
• Updated financial information is required if preapproval expires.
• Renewing preapproval is usually not hard if your finances are unchanged.
What Is Mortgage Preapproval?
Mortgage preapproval has become an essential part of the home-buying process. Real estate agents often want to see a preapproval letter before showing houses.
Note: A SoFi Verified Preapproval Letter is valid for 90 days.
A letter shows sellers that you are serious about buying their home — even if you’re a first-time homebuyer — and that a mortgage lender is likely to give you a home loan of a specific amount quickly.
The lender will review your credit history, credit score, income, debts, and assets to determine the amount you tentatively qualify for.
Preapproval will help you focus on homes that are in your price range. Knowing how much of a mortgage you can afford is important when you don’t want to waste time reviewing homes outside your range.
Mortgage Preapproval Process
The mortgage process starts informally for many would-be homebuyers.
Some buy into the 28% rule — spend no more than 28% of gross monthly income on a mortgage payment — and play with calculators like this home mortgage calculator with taxes and insurance or the one later in this article.
Seeking mortgage preapproval means you’re getting serious. First, you’ll need to understand the different types of mortgage loans — fixed rate, adjustable rate, conventional, government insured (FHA, VA, USDA), jumbo — and what you can qualify for.
Then you’ll need to apply for a loan from one to several lenders and provide a good deal of documentation. Each lender will perform a hard credit inquiry, and you’ll receive a loan estimate within three business days.
If you’re shopping for a home loan, allowing multiple mortgage companies to check your credit within 14 or 45 days, depending on the credit scoring model being used, will minimize the hit to your credit scores.
How Long Does It Take to Get Preapproved?
It usually takes seven to 10 business days to receive a preapproval letter after submitting all the requested information.
Mortgage Preapproval Letter
Other than stating the specific amount you’re preapproved for, a mortgage preapproval letter may outline stipulations to gain the loan, such as maintaining your employment or not taking on any additional debt.
How Long Does Mortgage Preapproval Last?
Some lenders will make a commitment of 60 or 90 days. That time frame tends to work, since homebuyers typically shop for a home for 10 weeks, according to the National Association of Realtors®.
Other lenders will issue preapproval for only 30 or 45 days.
Mortgage Prequalification vs. Mortgage Preapproval
Since they sound similar, it’s worth mapping out the difference between prequalification and preapproval.
Prequalification is a key first step, when borrowers tell lenders about their income, assets, and debts. Lenders use that unverified information, and usually a soft credit inquiry, to give a ballpark estimate of how much they might be willing to lend.
The response is quick: You can often get prequalified immediately or within a day or two. Just realize that prequalification does not mean that a lender is guaranteeing a loan.
• Income: Employees will need to provide pay stubs, W-2s, and tax returns from the past two years, as well as documentation of any additional income, such as work bonuses. Self-employed workers often need two years’ worth of records and a year-to-date profit and loss statement, although many lenders and loan programs are flexible.
• Assets and liabilities: You’ll need to provide proof of savings, investment accounts, and any properties. Lenders view assets as proof that you can afford your down payment and closing costs and still have cash reserves.
Lenders also look at monthly debt obligations to calculate your debt-to-income ratio.
• Credit score: Your credit score is a three-digit representation of your credit history.
Once your lender has reviewed the information, it may offer a preapproval letter. Importantly, receiving preapproval from a lender does not obligate you to use them.
First-time homebuyers can
prequalify for a SoFi mortgage loan,
with as little as 3% down.
Estimate Your Mortgage Payment
Before you seek prequalification or preapproval, you might want to get an idea of how much your monthly mortgage payment could be. Use the mortgage calculator below to quickly see the difference in mortgage payments based on down payment, interest rate, and a 15- or 30-year term.
What Should I Do If My Mortgage Preapproval Expires?
Lenders put an expiration date on preapproval letters because they need to have your most up-to-date financial information on hand. The credit, income, debt, and asset items they reviewed for your preapproval typically need to be updated after the letter expires, and your credit may be checked again.
You can minimize the effect of “hard pulls” on your credit score by avoiding seeking a renewal when you’re not actively shopping for a home.
If your finances have mostly stayed the same, your lender is likely to renew your preapproval.
Finalizing Your Mortgage
If you find a house while your mortgage preapproval is still valid, you can choose a lender and move on to finalizing your mortgage application. At this point, in many cases, the lender will check again to see if there have been any changes in your financial situation.
The mortgage underwriter will review all the information, order an appraisal of the chosen property and a title report, and consider your down payment. Then comes the verdict: approved, suspended (more documentation is needed), or denied.
Your mortgage is officially approved when you receive a final commitment letter. A closing date can be scheduled. It generally takes 43 days to close on a house, but it could happen in as little as 20 days.
Buyers may want to minimize changes, like applying for other loans or credit, when a home loan is in underwriting.
The Takeaway
How long is mortgage preapproval good for? Often 30 to 90 days. Getting prequalified is a smart precursor to getting preapproved for a mortgage. Preapproval can give you a competitive edge in a tight home market, and helps you more clearly understand how your home mortgage loan will affect your monthly budget.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
FAQ
How does mortgage preapproval affect my credit score?
The preapproval process involves a hard credit inquiry, which may cause a dip in your credit score. Each hard pull may lower your credit score but typically by less than five points. Multiple hard inquiries are usually counted as one inquiry as long as they are made within the same 14 to 45 days.
What’s the difference between mortgage prequalification and preapproval process?
Prequalification usually takes just minutes and requires you to provide only the most basic financial information in the application process. It also results in only a soft inquiry on your credit score. Preapproval will require more in-depth information, such as pay stubs and tax returns, and involves a hard credit inquiry. Getting preapproved may take a week or 10 days.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.
†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.
Conventional loans — mortgages that are not insured by the federal government — are the most popular type of mortgage and offer affordability to homebuyers.
Private mortgage lenders originate and fund conventional loans, which are then often bought by Fannie Mae and Freddie Mac, publicly traded companies that are run under a congressional charter.
By buying and selling these mortgages, Fannie and Freddie help to ensure a reliable flow of mortgage funding.
Key Points
• Conventional loans in 2024 typically require a minimum FICO® score of 620, with better interest rates offered to those with higher scores.
• A down payment of 20% is ideal to avoid PMI, but first-time homebuyers can qualify with as little as 3% down.
• A borrower’s loan-to-value ratio and debt-to-income ratio are also important considerations for lenders.
• Conventional loans above a certain amount set by the Federal Housing Finance Administration are considered nonconforming loans.
• Conforming loan limits vary by location, with higher limits in high-cost areas.
Just realize, for one thing, that a higher credit score is usually required for a conventional home loan than an FHA loan backed by the Federal Housing Administration, a type popular among first-time buyers.
Here are factors a lender will consider when sizing you up for a conventional loan.
The FICO score range of 300 to 850 is carved into these categories:
• Exceptional: 800 to 850
• Very Good: 740 to 799
• Good: 670 to 739
• Fair: 580 to 669
• Poor: 300 to 579
In general, the higher your credit score, the better the interest rates you’re offered.
Down Payment
Putting 20% down is desirable because it means you can avoid paying PMI, or private mortgage insurance, which covers the lender in case of loan default.
But many buyers don’t put 20% down. The median down payment on a home is 15%, according to a recent study by the National Association of Realtors®.
Conventional loans require as little as 3% down for first-time homebuyers, and the down payment can be funded by a gift from a close relative; a spouse, fiancé or domestic partner; a buyer’s employer or church; or a nonprofit or public agency. The gift may require a gift letter for the mortgage.
Just keep in mind that the smaller the down payment, the higher your monthly payments are likely to be, and PMI may come along for the ride until you reach 20% equity.
First-time homebuyers can
prequalify for a SoFi mortgage loan,
with as little as 3% down.
Debt-to-Income Ratio
Your debt-to-income ratio (DTI) helps a lender understand your ongoing monthly debt obligations relative to your gross monthly income.
To calculate back-end DTI:
1. Add up your monthly bills (but do not include groceries, utilities, cellphone bill, car insurance, and health insurance).
2. Divide the total by your pretax monthly income.
3. Multiply by 100 to convert the number to a percentage.
In general, lenders like to see a DTI ratio of 36% but will accept 43%.
The Fannie Mae HomeReady® loan, for lower-income borrowers, may allow a DTI ratio of up to 50%.
In any case, the lower your DTI ratio, the more likely you are to qualify for a mortgage and possibly better terms.
Loan-to-Value Ratio
The loan-to-value ratio (LTV) is the amount of the mortgage you are applying for compared with the home value. The higher the down payment, the lower the LTV ratio.
Fannie Mae typically sets LTV limits at 97% for a fixed-rate mortgage for a principal residence (think: 3% down) and 85% for a fixed or adjustable loan for a one-unit investment property.
When LTV exceeds 80% on a conforming loan, PMI will likely apply, although some borrowers employ a piggyback loan to avoid mortgage insurance.
Conventional Conforming Loan Limits
Many loans are both conventional and conforming — meaning they meet the guidelines of secondary mortgage market powerhouses Fannie Mae and Freddie Mac, which buy such mortgages and often package them into securities for investors.
Conventional conforming loans fall below limits set by the Federal Housing Finance Agency (FHFA) every year.
Staying under a conforming loan limit often equates to a lower-cost mortgage because the loan can be acquired by Fannie and Freddie.
The conforming loan limits for 2025 in many counties in the contiguous states, Washington, D.C., and Puerto Rico rose with market prices:
• One unit: $806,500
• Two units: $981,500
• Three units: $1,186,350
• Four units: $1,474,400
In high-cost areas like Alaska, Hawaii, Guam, and the U.S. Virgin Islands, the 2025 conforming loan limits are:
• One unit: $1,209,750
• Two units: $1,472,250
• Three units: $1,779,525
• Four units: $2,211,600
If you’re curious about your county’s specific conforming loan limits are, you can check out this FHFA guide.
Nonconforming Loans
Word games, anyone? Nonconforming loans are simply mortgages that do not meet Fannie and Freddie standards for purchase. They usually take the form of jumbo loans and government-backed loans.
A homebuyer or refinancer who needs a mortgage beyond the FHFA limits can seek a jumbo mortgage loan. A jumbo loan is still a conventional loan if it’s not backed by a government agency; it’s just considered a “nonconforming” loan.
FHA, VA, and USDA mortgages — those backed by the Federal Housing Administration, Department of Veterans Affairs, and the U.S. Department of Agriculture — are also nonconforming loans.
Nonconforming mortgage rates for jumbo loans may be higher because the loans carry greater risk for lenders, but when the nonconforming loan is backed by the government, its rate might skew lower than conventional conforming rates.
The Takeaway
Conventional loan requirements are good to know when you’re looking at the most popular type of mortgage around. Would-be homebuyers will want to make sure their credit score, debt-to-income ratio, and down payment numbers are lined up as favorably as possible before pursuing their dream property.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
FAQ
Are there any drawbacks to a conventional loan?
The main drawback to a conventional loan is that you will need to make some type of down payment on the property. It doesn’t need to be the 20% down payment that was common in decades past. But even a low down payment of, say, 3.5% could add up to tens of thousands of dollars given today’s home prices.
What’s the main reason I might not qualify for a conventional loan?
The most common reason someone might not qualify for a conventional home loan is usually related to credit — perhaps the applicant has a credit score below 620, or maybe there is some other significant warning sign on the credit report, such as a history of delinquencies or bankruptcy.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.
†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.
Checks may not be as common as they once were, but there’s one kind of check that remains a gold standard in large financial transactions: a cashier’s check.
Also known as an official check, a cashier’s check is backed by bank funds rather than personal funds. This provides assurance to the recipient that the money is available and ready to go. Due to their security, cashier’s checks are often required for high-value transactions or when certainty of payment is critical. For example, you may need a cashier’s check when making a large purchase or putting a down payment on a home.
To get a cashier’s check, you need to provide the full amount of the check, plus any fee, up front to the bank. This allows the bank to stand behind the check. Read on to learn more about this important financial tool.
Key Points
• A cashier’s check is backed by bank funds, making it more secure than a personal check.
• Cashier’s checks are often used for large purchases, real estate transactions, and online marketplace payments.
• Since they’re drawn from bank funds, cashier’s checks are often considered more secure than certified checks, and allow for higher amounts than money orders.
• To get a cashier’s check, you will likely need the name of the payee (the recipient of the check), the exact amount of the check, and a government-issued ID.
• To avoid fraud, verify a cashier’s check you receive with the issuing bank, wait for it to clear before providing goods or services to a stranger, and be cautious of overpayment or refund scams.
🛈 SoFi does not offer cashier’s checks.
What Is a Cashier’s Check?
A cashier’s check is a check that is issued by the bank or credit union, rather than the payer. Unlike a personal check, which is drawn from the check writer’s account, a cashier’s check is drawn from the bank’s own funds.
When you get a cashier’s check, the bank moves the money from your bank account into its own and guarantees the payment to the recipient. This makes cashier’s checks one of the most secure payment methods available, as the recipient can be sure that the check will not bounce due to insufficient funds.
A cashier’s check includes details like the bank’s name, the amount, and the recipient’s name, all printed by the bank, which adds an extra layer of security.
Cashier’s checks are often used for transactions where immediate availability of funds is required or when the seller wants an extra guarantee that the funds are legitimate. You may need to use a cashier’s check in the following situations:
• High dollar payments: Due to their security, cashier’s checks are often used when making large transactions such as buying a car, a home, a boat, or fine art. When there is a lot of money at stake, sellers often prefer cashier’s checks because they reduce the risk of bounced checks or fraud.
• Real estate transactions: Cashier’s checks are commonly requested for down payments or closing costs on homes and other types of property. Even if you’re only entering a rental contract on a home, a landlord or property management company may ask for a cashier’s check to cover the first and last month’s rent.
• Online marketplace purchases: Cashier’s checks are frequently used for payments between individuals that don’t know each other. For instance, if you are buying a used car from a stranger who listed it online, the seller may request a cashier’s check to make sure they will get paid.
How and Where to Get a Cashier’s Check
Banks and credit unions typically provide cashier’s checks to their customers (and sometimes to non-customers). Here’s how to get a cashier’s check.
• Visit your bank or credit union: Typically, you need to be a bank account holder to get a cashier’s check at a bank or credit union. However, some institutions offer cashier’s checks to non-account holders if they pay the full check amount in cash up front.
• Provide the necessary details: To issue a cashier’s check, the bank will request the name of the payee (the recipient of the check) and the exact amount you wish to pay. They may also ask for any information (such as the reason for the check) to print in the memo line. You’ll likely also need to present a government-issued ID, such as a driver’s license or passport.
• Pay the check amount and (if applicable) fee: The bank will typically withdraw the check’s amount from your checking account, along with any fee they charge for issuing the check (more on that below). If you do not have an account with the issuing bank, you may need to pay in cash or with a debit card.
• Receive the cashier’s check: Once the bank processes your request, they will print the cashier’s check with the payee’s name and the amount. The teller will then sign the cashier’s check and give it to you.
While you typically need to purchase a cashier’s check in person, some banks (traditional and online) will allow customers to order cashier’s checks through their website or mobile app. In this case, the check is typically mailed directly to the recipient.
🛈 SoFi does not offer cashier’s checks.
How Much Do Cashier’s Checks Cost?
The cost of obtaining a cashier’s check varies by bank or credit union, but fees typically range from $5 to $15. Some institutions may waive this fee for premium account holders or customers who meet certain criteria, such as maintaining a certain minimum balance. Fees may be higher for non-account holders.
Cashier’s Checks and Safety
One of the main reasons people use cashier’s checks is their high level of security. Since the funds are guaranteed by the bank, there is little risk that the check will be returned for insufficient funds. These checks also have some extra features, like watermarks and at least one bank employee signature, that make them harder to counterfeit. In addition, you don’t have to worry about sharing your personal checking account information with the recipient, since the check isn’t drawn from your account.
Despite their safety and reliability, however, cashier’s checks are not immune to fraud. They are sometimes forged and used by criminals to solicit payments from unsuspecting victims. One popular scam (called the “job scam”), for example, is when a person is offered a job and then receives a fake cashier’s check for a too-high amount as prepayment. They are then asked to return the excess payment as a gift card. Later, they learn that the cashier’s check was counterfeit.
These tips can help you avoid cashier’s check scams:
• Beware of any unexpected windfalls being paid out by a cashier’s check.
• If you sell items online and get paid by cashier’s check, it’s wise to wait for the check to fully clear before providing any goods.
• Be cautious of overpayment scams where a cashier’s check is used to pay for something, and you are asked to send the excess funds back.
• Verify the issuing bank by contacting them directly and ensuring the check is legitimate.
How Cashier’s Checks Compare to Certified Checks and Money Orders
Cashier’s checks look similar to other types of secure payments, such as certified checks and money orders. While there are some similarities between all three payment types, there are also distinct differences. Here’s a look at how they compare and why you’d choose one over the other.
Cashier’s Checks vs Certified Checks
A certified check is a personal check that the payer’s bank has confirmed is backed by sufficient funds and bears an authentic signature. Unlike a cashier’s check however, a certified check is drawn from the payer’s funds, not the banks.
Typically, the bank will set aside the funds needed for the check and won’t allow them to be withdrawn for any other reason. This makes a certified check more secure than a personal check. A special stamp and a signature from a bank representative shows that the check has been certified by the bank.
While certified checks offer a higher level of security than personal checks, they do not provide the same guarantee as cashier’s checks because the bank isn’t responsible for covering the funds directly. Cashier’s checks are generally considered more secure and often preferred over certified checks for larger transactions.
Cashier’s Checks vs Money Orders
Like a cashier’s check, money orders are guaranteed funds. You purchase a money order with cash or a cash equivalent (such as a debit card), assuring that it cannot bounce. Unlike cashier’s checks, however, money orders can be purchased at many different locations. This includes banks as well as post offices, grocery stores, drug stores, convenience stores, and check-cashing stores. Also, fees tend to be lower, often between $1 and $5.
Another difference is that money orders have limitations — they are often capped at no more than $1,000, making them less suitable for large transactions like buying a car or making a down payment on a house. Money orders are often used for smaller transactions or for people who don’t have access to traditional banking services.
The Takeaway
While checks have largely been replaced by digital payments, cashier’s checks are still the payment of choice in many large transactions. These checks are backed by, and paid out by, the bank; you supply the bank with the funds in advance. Just keep in mind that some online banks (including SoFi) do not offer cashier’s checks.
Understanding how cashier’s checks work, and how they compare to certified checks and money orders, can help you choose the right payment method for your needs.
FAQ
How can I avoid cashier’s check fraud?
To help reduce the risk that you’ll be a victim of cashier’s check fraud:
• Only accept cashier’s checks from trusted sources or individuals.
• Contact the issuing bank directly to verify that the check is legitimate.
• Avoid transactions with overpayment or refund requests, as these are common scams.
• If you’re selling something to a stranger, wait for the cashier’s check to fully clear before providing goods or services, as it can take several days for a bank to verify funds.
What happens if a cashier’s check is lost or stolen?
If a cashier’s check is lost or stolen, contact the issuing bank immediately to report the issue. You will need to provide details like the check amount and payee. The bank will likely require you to file a declaration of loss and may impose a waiting period (often 90 days) before reissuing the check. During this time, the bank verifies that the original check has not been cashed. Some banks charge a fee for reissuing a lost or stolen cashier’s check.
Does a cashier’s check have your name on it?
Yes, a cashier’s check typically has your name on it as the purchaser. It will also include the bank’s name, the payee’s name (the person or entity you’re paying), and the exact amount of the check. Your name is included to ensure the recipient knows who issued the payment and allows for easier record-keeping on both sides of the transaction.
Does a cashier’s check come directly out of your account?
When you request a cashier’s check, the bank withdraws the full amount from your account before issuing the check. Once the funds are withdrawn, the check is backed by the bank’s own funds, providing a guarantee to the recipient.
If you do not have an account with the issuing bank, you may need to provide cash or pay with a debit card.
What info is needed for a cashier’s check?
To obtain a cashier’s check, you need to provide the following information:
• Payee’s name: The person or entity to whom the check will be made payable.
• Exact amount: The dollar amount you want to transfer.
• Your identification: A government-issued ID to verify your identity.
In addition, you’ll need to make sure sufficient funds are available in your account (or provide cash) to cover the check amount and any fee.
SoFi members with direct deposit activity can earn 4.00% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. SoFi members with direct deposit are eligible for other SoFi Plus benefits.
As an alternative to direct deposit, SoFi members with Qualifying Deposits can earn 4.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant. SoFi members with Qualifying Deposits are not eligible for other SoFi Plus benefits.
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Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
By Emma Diehl |
Life & Career, relay |
Comments Off on 25 Easy Jobs That Make a Lot of Money With Little Work Without College
Attending a four-year university isn’t for everyone, but that doesn’t mean a high-paying job should be out of reach. There are plenty of roles that allow you to make a lot of money without a college degree. We’re not talking about brain surgery or rocket science — just normal jobs that pay well and may even be fun or cool.
Read on to learn more about various jobs that pay well and don’t require a college degree.
Key Points
• There are many high-paying jobs that don’t require a college degree, offering opportunities in health care, construction, and technology.
• Roles like radiation therapist, MRI technician, and claims adjuster are lucrative without needing a degree.
• Some jobs require certifications or on-the-job training, which are typically less costly than a four-year degree.
• Foregoing a college degree means you can enter the workforce earlier and avoid student debt, though some roles may be physically demanding.
• Networking and industry research can help you find these opportunities.
Why It’s Difficult to Know About Easy Jobs Without a Degree
When it comes to job searching, it’s hard to beat the power of networking. College students and graduates often have a leg up in this department. From alumni networks to on-campus job fairs, many institutions offer different ways to build important professional connections — and potentially learn about not-yet-posted job opportunities.
But you don’t necessarily have to go to college to create a professional network or find a job that doesn’t require a degree. Some strategies include attending industry events, engaging with social networks related to your area of interest, and requesting informational interviews with companies you’re interested in.
If you’re just starting out — or are considering a career change — you may also want to research growing industries that need workers. Certain roles may require some technical certifications or on-the-job apprenticeships. Still, they could offer competitive pay, coming close to or exceeding the annual expected salary for someone with a bachelor’s degree.
No matter your salary, it’s important to pay attention to your spending and saving. SoFi’s budget tracker tool gathers all your finance info in a single place so you can look at spending patterns, set financial goals, and monitor your credit score for free.
• Don’t traditionally excel in an academic environment
• Don’t want to take on student debt
• Are eager to enter the workforce
• Have interest in a trade or technical job
25 Easy Jobs That Make a Lot of Money With Little Work Without College
Many jobs that don’t require a degree are minimum wage or low paying. However, there is a sweet spot where jobs that pay well but don’t expect a degree overlap. While some of the following call for certification or training, it’s unlikely to cost as much as a traditional four-year degree.
The following salary figures from the Bureau of Labor Statistics represent the national median, and the job growth outlook is for 2023 to 2033.
1. Power Plant Operator, Distributor, and Dispatcher
Description: Control and manage the electrical power systems of a plant.
Salary: $100,890
Job Growth: -8%
Requirements: High school diploma or equivalent
2. Commercial Pilot
Description: Fly commercial airplanes and other aircraft.
Salary: $171,210
Job Growth: 5%
Requirements: Flight school
3. Elevator Installer and Repairer
Description: Install, repair, and maintain elevators and escalators.
Salary: $102,420
Job Growth: 6%
Requirements: High school diploma or equivalent
4. Makeup Artist, Theatrical and Performance
Description: On-set makeup application in the entertainment industry.
Salary: $47,390
Job Growth: 9%
Requirements: On-the-job training or beauty school certifications
5. Fire Inspector and Supervisor
Description: Inspect buildings to ensure they meet local, state, and federal standards.
Salary: $71,420
Job Growth: 6%
Requirements: Experience as a firefighter; high school diploma or equivalent
6. Aircraft Mechanic
Description: Work on plane equipment, including maintenance and repair. While pilots tend to be extroverted high achievers, aircraft mechanic is a solid job for introverts.
Salary: $75,400 per year
Job Growth: 5%
Requirements: On-the-job military training or certification from an FAA-approved technician’s school
7. HVAC Technician
Description: Install, repair, and maintain HVAC systems in residential and commercial properties.
Salary: $57,300
Job Growth: 9%
Requirements: Technical school and/or an apprenticeship
8. Plumber
Description: Install and repair plumbing systems in homes, factories, or businesses. Plumber roles may include on-call emergency hours.
Salary: $61,550
Job Growth: 6%
Requirements: High school diploma or equivalent
9. Drafter
Description: Digitize and convert architecture and engineering drawings using software.
Salary: $62,530
Job Growth: -1%
Requirements: Associate degree or technical certification
10. Sales Rep, Wholesale and Manufacturing
Description: Sell goods, at wholesale, to businesses and organizations.
Salary: $73,080
Job Growth: 1%
Requirements: Depends on the industry. Technical sales roles may require certification beyond a high school diploma.
11. Physical Therapist Assistant
Description: PT assistants work alongside physical therapists in a medical setting to help patients regain mobility.
Salary: $58,740
Job Growth: 19%
Requirements: Associate degree, licensing, or certification
12. Radiation Therapist
Description: Administer radiation to patients in a hospital setting.
Salary: $98,300
Job Growth: 3%
Requirements: Associate degree
13. MRI Technician
Job Description: Operate the MRI machine to examine patients, and interpret scans.
Salary: $76,020
Job Growth: 6%
Requirements: Associate degree
14. Programmer
Description: Write and test code for a variety of programs and software across industries and verticals. Programming is considered a popular job choice for antisocial people.
Salary: $99,700
Job Growth: -10%
Requirements: Historically, roles have required a bachelor’s degree. Recently, employers are considering candidates with certifications or bootcamp training.
15. Postal Service Worker
Description: Process, collect, and deliver mail to homes and businesses.
Salary: $56,510
Job Growth: -4%
Requirements: High school diploma or equivalent
16. Claims Adjuster, Appraiser, Examiner, and Investigator
Description: Examine and appraise insurance claims, from automotive to residential or commercial building damage.
Salary: $75,020
Job Growth: -5%
Requirements: For most entry-level roles, a high school diploma or equivalent is required. In some industries, such as auto damage appraisal, a certification may be required.
17. Construction and Building Inspector
Description: Inspect residential and commercial buildings to ensure they adhere to local codes and specifications.
Salary: $67,700
Job Growth: 0%
Requirements: High school diploma or equivalent
18. Court Reporter and Simultaneous Captioner
Description: Create exact transcripts of exchanges, including courtroom proceedings, or live captioning on television.
Salary: $63,940
Job Growth: 2%
Requirements: Training or certification
19. Sound Engineering Technician
Description: Maintain sound systems for live performances, broadcasts, and other programming.
Salary: $59,430
Job Growth: 3%
Requirements: Varies but often includes technical certification
20. Police Detective
Description: Gather facts and investigate crimes. Some police departments are currently offering generous signing bonuses.
Salary: $74,910
Job Growth: 4%
Requirements: Police Academy completion and on-the-job training
21. Electrician
Description: Repair, install, and maintain electrical systems.
Salary: $61,590
Job Growth: 11%
Requirements: High school diploma or equivalent
22. Brick Mason
Description: Use concrete, stone, or brick to build structures.
There’s a potential to earn a high salary in many jobs that don’t require a college degree. However, it may require some research and certifications beyond a high school diploma. Some jobs that pay well, don’t require a degree, and may even be enjoyable range from the medical field and construction to computers and insurance. If you know someone who’s a brick mason or a sonographer, take them out for coffee to get the inside scoop. You might even offer to shadow them at work to find out what their industry is really like.
Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.
See exactly how your money comes and goes at a glance.
FAQ
What is the easiest job that pays the most?
One of the easiest jobs that pays well is working as a claims adjuster for insurance companies. A college degree isn’t usually required, but you may need to earn a license before you can start working.
What is the easiest job to get without a degree?
Depending on the industry, it can be relatively easy to get a job in sales with little to no prior experience. However, the role may include on-the-job training to get you up to speed.
What jobs pay a lot but are easy?
There are many jobs in the health care space that don’t require manual labor but pay well. This includes roles such as a radiation therapist or MRI technician.
Photo credit: iStock/damircudic
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Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Teaching can be a rewarding profession, but it typically isn’t a high-paying one. If you’re a teacher, it won’t surprise you to learn that 17.1% of teachers earn supplemental income from side jobs, according to a study by the Learning Policy Institute. The challenge is landing a gig that pays enough to make it worth your time and effort.
Not only do those positions exist, these days they can often be done online and on your own schedule. Read on for a look at some of the best-paying options for teachers looking for a side job in 2024.
• Many teachers seek side jobs to supplement their income due to the generally low pay in the profession.
• Online side jobs offer flexibility, allowing teachers to work around their existing schedules.
• Side gigs can range from tutoring and creating educational content to roles unrelated to teaching, like data analysis or graphic design.
• These positions not only provide extra income but also opportunities to develop new skills and potentially explore alternative career paths.
• It’s important for teachers to consider the impact of additional work on their work-life balance and personal well-being.
Qualities of a Good Side Job for Teachers?
Teachers need to consider a number of factors before committing to a side gig: How much stress could the second job cause? Will the hours fit with your current work schedule? And of course, do you plan to work a second job year-round or just during seasonal breaks?
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Things to Look for in a Year-Round Gig
• Hours that accommodate your teaching schedule.
• Workload and deadlines that won’t add to your stress level or lead to total burnout.
Things to Look for in a Summer Gig
• A fun environment or flexible schedule that makes you feel that you’re still getting a break?
• Something you can return to year after year — and maybe during other school breaks — so you don’t have to start over seeking a new job each summer.
• Could the work you’re doing damage your career as a teacher? (It can be a good idea to check with your employer to see if there are rules for outside jobs.)
• Can you build skills you’ll use as a teacher, or in another career you might be interested in pursuing?
Pros & Cons of Online Side Jobs for Teachers
Teaching is a challenging job that requires patience and preparation. If you choose to add a side gig, it’s important to have realistic expectations. As you decide whether to take on more work — and what that work might be — here are some pros and cons to keep in mind:
Potential Benefits of a Side Job
• Make extra money: It may take some searching to find a side gig that offers competitive pay — enough to make a difference in your financial situation. Even a few hundred a month can help cover day-to-day bills or finance a future goal, like paying off student loans. A free budget app can help, too.
• Develop a backup plan: Your side job can help fill a financial gap if you ever decide to transition to another career, or if you leave one teaching job and take a while to find another. You may even decide the side job is a better fit than what you’re currently doing.
• Acquire new skills: A side job can offer opportunities to network and socialize with new people, and learn or fine-tune skills.
Potential Downsides of a Side Job
• Undermines work/life balance: Teaching already takes up much of your day — even when you aren’t physically at work. If you put that same amount of time and effort into a second job, it could take your attention away from your family and other things you love and enjoy.
• Turns a passion into a pain: You might lose your love for your favorite hobby (photography, reading, writing, crafting, etc.) if you make it an obligation.
• Requires startup costs: You don’t need a money tracker app to discover that if you have to invest money in equipment to get your business going — even if it’s just a new laptop or phone — it may take a while before you start making money.
Why It Can Be Difficult for Teachers to Find Online Side Jobs
Even though opportunities to work remotely are increasing, it still may be hard to find a side job online that meets your needs. The skill set required for an online job might be quite different from what you’re used to as a teacher — and some jobs can require applicants to have specialized training. If you’re completing an application online, it may be tough to convince the employer you can do the job even if you don’t have the training.
It also can be challenging to separate legitimate remote side jobs for teachers from scams that require you to put in some of your own money upfront in order to get the job. (Don’t ever pay for an opportunity!) Employment ads that aren’t specific about pay, or that require a lengthy application process, can also be a turnoff.
Here are some steps that can help you along on your side-gig search:
Assess Your Skills
Think beyond the classroom as you consider the many marketable skills you can bring to a second job.
Consider Your Interests
You’ll be more engaged and confident if you’re doing something related to your areas of casual expertise or hobbies.
Do Your Research
You may have to learn a new lingo just to understand some online job postings — and respond to them appropriately. Don’t let what seems to be gibberish keep you from finding your fit.
Find a Mentor
If you know someone who has a successful side gig, ask for advice about how to get started. For example, if you’re obsessed with budgets, consider an apprenticeship with an experienced financial planner.
Update Your Online Profile
Take the time to update your profile on relevant social media platforms — whether that’s LinkedIn or Etsy.
Keep Your Priorities in Mind
Be prepared to start small. If you love the work, you can always grow your role over time. You may choose at some point to change careers, but you’ll want to make that decision on your terms, not because you were distracted from your duties as a teacher.
24 Best-Paying Online Side Jobs for Teachers, Part 1: Year-Round
The amount of money you can earn through an online side job varies widely, depending on how many hours you put in, and whether you’re starting at an entry-level salary or being compensated for your experience and skills.
Below are two dozen online side jobs for teachers that potentially offer higher earnings. Average wages and job growth outlook are based on data from the Bureau of Labor Statistics. Most side jobs pay an hourly rate vs. a salary, but we’ve included both.
1. Data Scientist
Potential for Remote Work: Although full-time data scientists typically work in an office environment, much of their work is done online, which makes part-time remote work with flexible hours a possibility.
National Average Pay: $51.93 median hourly wage; $108,020 median annual wage
Job Growth Outlook: 36% (faster than most occupations)
Job Description: Data scientists create the algorithms and predictive models used to extract meaningful information used in making business decisions.
Job Requirements: Entry-level data scientists generally have at least a bachelor’s degree in mathematics, statistics, computer science, or a related field.
How to Get Started: Networking and attending in-person and virtual meetups can help get your foot in the door. Sites like Indeed and LinkedIn post data science jobs, and many companies post open jobs on their own websites.
2. English as a Second Language (ESL) Teacher
Potential for Remote Work: There are many opportunities for ESL teachers to instruct students virtually through video-conferencing platforms. Because learners come from around the world, teachers can put together a work schedule that fits their needs.
National Average Pay: $29.11 median hourly wage; $60,560 median annual wage
Job Growth Outlook: -13% (declining)
Job Description: ESL teachers tutor students who want to improve their English language skills.
Job Requirements: A bachelor’s degree (in English, communications, or a related field) and/or teaching certificate is typically required; good computer and communication skills are a big plus.
How to Get Started: Job sites like Indeed regularly post remote ESL teaching jobs. Other online platforms recruit ESL teachers, including VIPKid and Skooli.
3. Online Tutoring
Potential for Remote Work: There are all kinds of opportunities for teachers who want to tutor students online. One of the perks is that you can set appointments around your schedule.
National Average Pay: $19.01 mean hourly wage; $39,580 mean annual wage (pay varies based on subject and student needs)
Job Growth Outlook: 1%
Job Description: Duties might range from teaching toddlers their ABCs to offering test prep (SAT, ACT, LSAT, etc.) to high school and college students.
Job Requirements: Requirements vary based on subject and student age; a bachelor’s degree and/or teaching certificate may be required.
How to Get Started: You can find tutoring gigs on job boards or through platforms such as Care.com and Tutors.com. Or you may decide to set up your own tutoring business and advertise online.
4. Selling Lesson Plans
Potential for Remote Work: Thanks to the internet, teachers can now share learning materials they’ve created both locally and globally.
National Average Pay: Not available (varies by subject, grade, and amount of content sold)
Job Growth Outlook: Not available
Job Description: Create shareable lesson plans, flash cards, tests, etc., and sell them on your own website or an online platform.
Job Requirements: No set requirements, but you may be asked to prove your credibility when selling your content.
How to Get Started: Check out what others are doing on marketplace sites like TeachersPayTeachers or Etsy. Once you’ve created your content (be careful about copyright infringement), you can market your products on social media or through these platforms. Networking opportunities (attending conferences, etc.) can also help get the word out.
5. Editing / Proofreading
Potential for Remote Work: Content typically can be edited online and on your own schedule, depending on deadline needs.
National Average Pay: For editors, $36.07 median hourly wage, $75,020 median annual wage; for proofreaders, $23.45 mean hourly wage, $48,790 mean annual wage
Job Growth Outlook: For editors, -2% (declining); for proofreaders, -3%
Job Description: Editors plan, review, and revise content provided by writers; proofreaders check copy for errors.
Job Requirements: Good grammar and communication skills; some jobs may require a bachelor’s degree in English, journalism, or a related field.
How to Get Started: You can find editing and proofreading work on job boards or advertised by individual companies.
6. Freelance Writing
Potential for Remote Work: Because you generally can create content anytime and anywhere, freelance writing easily lends itself to remote working.
National Average Pay: $35.43 median hourly wage; $73,690 median annual wage
Job Growth Outlook: 5% (average for all occupations)
Job Description: Freelance writers provide content for print and online media.
Job Requirements: Good grasp of English language, spelling and grammar, and excellent communication skills. Some employers may require a bachelor’s degree in English, journalism, or a related field.
How to Get Started: You can pitch ideas to your favorite publications or look for work on job boards and platforms such as Upwork and Fiverr. Consider creating a website to showcase your talent. And networking (word of mouth) can be key. If you have a particular expertise (technical, travel, or food writing, for example), make that information known.
7. Creating Printables
Potential for Remote Work: This is another job you can do on your own time and almost completely online.
National Average Pay: Not available
Job Growth Outlook: Not available
Job Description: Create customized calendars, cheerful stickers, classroom decorations, etc.
Job Requirements: Creativity and good design skills are a must; you’ll also need the appropriate design software.
How to Get Started: Creators typically sell printables on sites like Etsy or their own website. Get the word out on social media and by networking and attending conferences for educators, organizational experts, etc.
8. Selling Artwork and/or Crafts
Potential for Remote Work: It may be easier to sell your goods in person at a local craft fair, but if you sell online, you can reach a wider audience and do it on your own time.
National Average Pay: $25.44 median hourly wage; $52,910 median annual wage
Job Growth Outlook: 3% (average)
Job Description: Selling your own creative works (paintings, photos, sculptures, etc.)
Job Requirements: Creativity and skill in your artistic niche as well as marketing, business, and computer skills.
How to Get Started: Check out e-commerce sites like Etsy and Society6 to see how others are marketing themselves and their products. You can use social media to get the word out, and you may want to develop your own e-commerce site to sell your goods. Be sure to check into whether a business license is required in your area.
9. Medical Transcriptionist
Potential for Remote Work: Because you’ll be working from recordings, you typically can do this work remotely and when it’s convenient for your schedule (deadlines may apply). This position may also be a low-stress option for introverts.
National Average Pay: $17.82 median hourly wage; $37,060 median annual wage
Job Growth Outlook: -5% (declining)
Job Description: Transcribe audio content into written content.
Job Requirements: May require certification. Employers may test for typing speed and accuracy. Discretion and some knowledge of medical terms and basic anatomy are a plus. You may have to purchase special equipment to do the job.
How to Get Started: Check out job boards and medical transcription sites. A transcription course (in-person or online) may offer career services.
10. Graphic Designer
Potential for Remote Work: Graphic designers can do most of their creative work on their own schedule, but you will have to find time to communicate with your clients. And deadlines may be a factor.
National Average Pay: $28.32 median hourly wage; $58,910 median annual wage
Job Growth Outlook: 2% (slower than the average for all occupations)
Job Description: Use design software to create visuals that convey your employer’s message.
Job Requirements: Knowledge of design software, creative skills, and an ability to collaborate with others; some employers may require a bachelor’s degree in graphic design or a related field.
How to Get Started: Job boards offer remote graphic design positions for a wide range of specialties. You also can build an online portfolio and use social media to generate interest.
11. Life Coach
Potential for Remote Work: Life coaches can manage client sessions by phone or with video conferencing.
National Average Pay: Not available
Job Growth Outlook: Not available
Job Description: Assist clients in reaching their full potential.
Job Requirements: No formal requirements exist for life coaches, but prospective clients may prefer that you have some type of training or credentials. A background in counseling and psychology is helpful. Important traits include empathy, patience, and creative problem-solving skills.
How to Get Started: It may help to work with an experienced life coach when starting out. Networking and social media can be a useful way to find clients.
12. Translator
Potential for Remote Work: Freelance translators typically can work from home using their own computer.
National Average Pay: $27.45 median hourly wage; $57,090 median annual wage
Job Growth Outlook: 2% (slower than the average for all occupations)
Job Description: Convert written content from one language to another.
Job Requirements: Must be proficient in English and at least one other language; some employers may require a bachelor’s degree.
How to Get Started: Check translation agencies and job boards, or you can solicit work through social media.
13. Digital Marketer
Potential for Remote Work: If you can collaborate with clients and coworkers without meeting in person, this job can be done remotely.
National Average Pay: Not Available
Job Growth Outlook: Not Available
Job Description: Promote individuals and businesses using social media, search engines, websites, and other online tools.
Job Requirements: Should be familiar with social media platforms. Creativity, patience, and strong communication and problem-solving skills are a plus. Some employers may require a bachelor’s degree in communications, marketing, public relations, journalism, or a related field.
How to Get Started: Networking — online and in person — can be a good way to get your foot in the virtual door; check job boards for listings.
14. App Developer
Potential for Remote Work: Developers often work independently.
National Average Pay: $44.59 median hourly wage; $92,750 median annual wage
Job Growth Outlook: 8% (faster than average)
Job Description: Create, test, and improve software applications.
Job Requirements: Collaboration, creativity, and tech savviness are important. Some employers may require a bachelor’s degree in information technology, computer science, or a related field.
How to Get Started: Taking courses in app development and networking with like-minded creative types Can help with finding a mentor and freelance gigs.
15. Creating Video Tutorials
Potential for Remote Work: You can produce videos on your own anywhere you like and on your own time.
National Average Pay: Not Available
Job Growth Outlook: Not Available
Job Description: Film tutorials and monetize them.
Job Requirements: Knowledge of your subject, technical ability to produce videos, and marketing savvy to build your brand. You’ll also need a good video camera and computer.
How to Get Started: Anyone can make an instructional video and upload it to YouTube. Building a strong portfolio and a reputation for solid content will help you monetize your videos.
16. Fitness Trainer
Potential for Remote Work: If you can find clients who prefer to exercise from home and can do their workouts when you’re available, you can teach them from your home.
National Average Pay: $22.35 median hourly wage; $46,480 median annual wage
Job Growth Outlook: 14% (much faster than average)
Job Description: Teach online classes in general fitness, yoga, strength training, etc.
Job Requirements: Though no degree is required, there are certifications available for personal trainers. You’ll also need good lighting, space to do your workouts, and video and computer equipment.
How to Get Started: If you’re a physical education teacher, coach, or a longtime gym-goer, you can spread the word on social media and through word of mouth.
17. Blogging
Potential for Remote Work: Blogging can be done at your convenience.
National Average Pay: Not available
Job Growth Outlook: Not available
Job Description: Entertain and inform an online audience with written and visual content.
Job Requirements: To make money from a blog, you’ll need to engage your audience and post frequently.
How to Get Started: You can start out by writing on a popular blogging platform, and then get the word out on social media. Network with others who may be interested in what you’re blogging about.
18. Test Scorer
Potential for Remote Work: Remote workers can score most types of multiple choice and essay exams.
National Average Pay: Not available
Job Growth Outlook: Not Available
Job Description: Grade tests and offer feedback to test-givers and test-takers.
Job Requirements: Subject expertise and attention to detail. Some employers may require a bachelor’s degree in education or a related field.
How to Get Started: Job boards frequently offer test scoring gigs, or you can query evaluation services like ETS and Measurement Incorporated.
19. Curriculum Specialist
Potential for Remote Work: Teachers typically can provide curriculum support online at their convenience, though you may have to meet with others in person or at scheduled online conferences.
National Average Pay: $35.87 median hourly wage; $74,620 median annual wage
Job Growth Outlook: 2% (slower than average)
Job Description: Develop curriculum and/or offer feedback to schools and other education services.
Job Requirements: Employers may require a bachelor’s or master’s degree as well as a few years of experience in teaching or a related field.
How to Get Started: Check job boards, but you may also find opportunities while networking with other educators.
24 Best-Paying Online Side Jobs for Teachers, Part 2: Seasonal / Summer
Because these jobs may require interacting with an employer or team members in person or remotely during the day, teachers may find it’s easier to put in their hours during seasonal school breaks.
20. Customer Service Representative
Potential for Remote Work: Customer service representatives often can work from home. However, you may have to attend some in-person training sessions before you get started, and you’ll have to find a work schedule that fits with your teaching job.
National Average Pay: $19.08 median hourly wage; $39,680 median annual wage
Job Growth Outlook: -5% (declining)
Job Description: Provide support to customers who require assistance.
Job Requirements: Patience and good communication and problem-solving skills are key. Some type of on-the-job training likely will be required. Some companies have requirements for the type of computer and phone you can use, and a strong Wi-Fi connection is a must. (Shy types need not apply, but there are plenty of jobs for antisocial people.)
How to Get Started: Customer service jobs are often listed on online job boards and through employment agencies.
21. Travel Agent
Potential for Remote Work: This job can be done remotely, but travel agents should be available to communicate with anxious clients who have questions and concerns.
National Average Pay: $22.79 median hourly wage; $47,410 median annual wage
Job Growth Outlook: 3% (as fast as average)
Job Description: Help clients choose and book work and leisure trips; provide assistance when problems arise.
Job Requirements: Good communication, customer service, and organizational skills are important. Some employers or clients may expect you to have some type of certification. Lots of travel experience is a plus.
How to Get Started: Check job boards and local agencies. It may help to work for an agency first before starting your own business.
22. Tax Preparation
Potential for Remote Work: Tax services regularly hire seasonal workers to prepare returns from home.
National Average Pay: $23.56 mean hourly wage; $49,010 median annual wage (does not include accountants and auditors)
Job Growth Outlook: 4% (as fast as average)
Job Description: Work with individuals and businesses to prepare tax returns and assist in resolving tax issues.
Job Requirements: Must be well-versed in current tax code. May have to complete company training. Must maintain a Preparer Tax Identification Number and may need an Electronic Filing Identification Number (EFIN).
How to Get Started: Check job sites or go directly to companies like H&R Block, Intuit, or small local firms. Seasonal work (January through April) is easier to find, but some year-round opportunities may be available.
23. Appointment Generator
Potential for Remote Work: Working remotely should be doable, but it may be difficult to manage the work during off hours.
National Average Pay: Not available
Job Growth Outlook: Not available
Job Description: Handle cold calling and book appointments for real estate agents and other sales professionals.
Job Requirements: Strong communication and organizational skills.
How to Get Started: Check job boards and promote your services on social media; attend networking events.
24. Virtual Assistant
Potential for Remote Work: Many administrative duties can be handled online and after hours. If you’re required to do phone work, however, you may have to limit your work time to school breaks.
National Average Pay: $22.12 average median salary; $46,010 median annual salary (includes administrative assistants who work onsite)
Job Growth Outlook: 1% (slower than average)
Job Description: General administrative support may include organizing and answering emails, scheduling appointments, arranging travel, and making phone calls.
Job Requirements: Strong communication and organizational skills, attention to detail.
How to Get Started: Job boards are loaded with positions for different types of virtual assistants.
The Takeaway
If you’re a teacher looking to earn additional income, you’ll find there are many side jobs that fit your skills and schedule, and still offer a competitive paycheck. You can take on jobs that tap into your educational expertise: tutor, curriculum specialist, lesson plan developer, test scorer. Or you may prefer to pursue another passion, like selling your artwork or working as a virtual assistant for a nonprofit you admire. The keys are to avoid burnout and to make the most of the time you put in.
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FAQ
How can teachers make extra money online?
Working remotely allows teachers to pursue a second job that fits their schedule and their skills. Many opportunities are available on job boards and freelance sites.
What are the best side jobs for teachers?
The best side jobs for teachers are those that allow them to earn a good paycheck while maintaining a healthy work-life balance. Remote freelance work is easy to find these days, and generally pays better than minimum wage. Check freelance job boards for ideas.
What are the most profitable side hustles?
Some of the most profitable side hustles are technology-oriented. Those jobs also can be a good fit for people who wish to work remotely. If you have skills or experience with computers, IT, or app development, you can parlay it into a well-paying side gig. Full-timers can easily make a $100,000 salary.
Photo credit: iStock/DMEPhotography
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