Homes for heroes programs are available in many locations across the country for everyday heroes that deserve a bit of a financial break when buying or selling a home. These programs can vary from state to state, but most often, the hero gets a discounted price for services through the real estate agency and potential savings or a special rate from a lender. Here is a look at some of the things you may want to know about homes for heroes programs.
Who can take advantage of homes for heroes programs?
The specifics can vary depending on the location and what the program rules are, but there are many definitions of an everyday hero that may be used. A few examples of some of the people who are recognized as heroes where these real estate programs are concerned include the following:
- People who work in public safety fields, such as firefighters or police officers
- People who work in the medical field such as special nurses or nursing assistants
- People who work in the education field, such as special education teachers or coaches
- People who have been or are currently in the armed forces
Can you recommend someone for the program, or does the person have to apply on their own?
If you know someone who is in the process of buying a home or selling a home that would be a good candidate, you can contact the local real estate agency that offers homes for heroes programs and let them know about the individual. Of course, you do also have to make sure the individual comes in so they can talk to the agency about what they need to do. Therefore, it is a good idea to let someone know about a homes for heroes program and tell them that you have recommended them to an agency as a good candidate.
Is there a lot of extra paperwork if you take advantage of a homes for heroes program?
There is no extra paperwork involved for the hero; the real estate agent who takes care of the transaction will be the one to do any extra paperwork. There really is not a lot of extra work involved in the process at all. The agency is just going to offer discounted rates for their services, and if there is a mortgage lender involved, they will take care of whatever is necessary on their end to offer the lowered prices.
To learn more, contact a resource like RE/MAX Alliance.