Homes for Heroes Mortgage Program And Guidelines

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Homes for Heroes Mortgage Program

Homes for Heroes Mortgage Program And Guidelines

This BLOG On Homes for Heroes Mortgage Program And Guidelines Was UPDATED On January 16th, 2019 By Michael Gracz of Gustan Cho Associates at Loan Cabin Inc.

People who work to make the communities of United States safer, better and cleaner places to live deserve something special for their dedicated services. As a way of saying ‘thank you’ to those heroes of the nation, the Homes for Heroes mortgage program was introduced. I am proud to say I am an affiliate member of Homes for Heroes.

Homes for Heroes is a network of realtors, title companies, lenders and mortgage bankers who are prepared to offer real savings to the heroes of their communities when they buy or sell a house. In this post, we’ll provide the details of the program. So, let’s begin.

Homes for Heroes Mortgage Program: How it began

Home for heroes was created by a group of business owners from Minnesota after the tragic terrorist attack on September 11th, 2001. They created the program to show their admiration to all the heroes of the state who were serving the community as firefighters, law-enforcement officers and emergency medical officers. The purpose of the home for heroes was to offer considerable savings to nation’s heroes when they bought or sold a home. The program has now expanded nationwide to serve more heroes of the United States’ workforce. It can be a great addition to VA loan provided for all military veterans.

Eligible Criteria for Home for Heroes?

Home for Heroes program is for heroes! Generally, firefighters, public safety officers, healthcare professionals, military personnel, youth workers, educators and some other heroes qualify for the program. However, you may be able to qualify for the home for heroes, if you’re serving the community in some other way. A loan consultant can help you find out if your position makes you eligible for Home for Heroes program.

How Much Can You Save?

Homes for Heroes mortgage program’s savings depend on the final buying or selling price of the home.  Generally, a hero will get 50 percent discount on the loan origination fee and 25 percent rebate on the gross brokerage commission. Lenders often will waive something like an origination or appraisal fee. When combined, the well-deserved savings are substantial.

No Extra Forms or Applications

Home for Heroes program does not come with additional forms, red tape, hidden charges and there is no catch. All that is required is your name, the work you do in your community and your contact information.

Conditions If You’re Already Working with a Real Estate Professional

If you’ve committed to a realtor and have signed legal agreements, you cannot work with another realtor for Home for Heroes program. However, if you’ve not committed to a lender, you can take advantage of rebates from home for heroes’ mortgage affiliates.

Home for Realtors are Qualified

Homes for Heroes mortgage program has strict membership requirements for affiliates which means that you can rest assured about their qualification. Ongoing training is provided to all Home for Heroes affiliates to ensure you receive the best service.

If you are a hero or have any questions about real estate or mortgage please contact the author Michael Gracz at 630-659-7644 or text us for faster response. Or email Mike Gracz at mike@loancabin.com. The Gustan Cho Team at Loan Cabin Inc. works when you work, so feel free to contact him any time.

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