The program credits money to the hero's closing costs when purchasing or refinancing a home. Available credits include a Lender Credit of .25% of the Loan amount and an Agent Credit of 10% of the earned commission. With Loans to Heroes you can be at ease that you have made the best decision to work with professionals who truly appreciate your service and want to prove it.
Example of credits applied on a Purchase Home Loan of $400,000
Lender Credit Given: .25% of Loan Amount = $1,000
Real Estate Agent Credit Given: $1,200 (based on a 3% credit commission rate)
Total Savings = $2,200 credited back at closing.
WHAT IS LOANS TO HEROES?
HOW DOES LOANS TO HEROES WORK?
Loans to Heroes is a program supported by Scottsdale real estate agent Robin Katz and offered exclusively by Bay Equity Home Loans. It is designed to give back to community heroes by significantly reducing the cost of buying or refinancing a home. You don't have to earn "Hero" status to participate. You're already a hero if you work for, or are retired from, the list of eligible industries.
In celebration of our country's birthday I want to offer a gift of thanks to the service people whose jobs ensure the health and safety of us all. Loans to Heroes is intended to help make the American Dream more attainable for those who protect, serve and care for our country and community: military, law enforcement, firefighters, health care and teachers can benefit.