Employer Provides Home Ownership Funds!

By
Real Estate Broker/Owner with Fallon Associates Realty Inc. 31FA1165363

For the past 2 years, I have been representing a small employer in the Rochester metro area who provides zero interest home purchase loans to his employees. The rationale behind his generosity is to help stabilize the employee/family lives with home ownership and equity buildup. As you might realize, these new homeowners would never have qualified with traditional lenders due to their lower income situations. This win-win approach has resulted in 4 home purchases in the last 2 years, with a 5th soon to be transacted! All the stakeholders in this arrangement have been extremely pleased with their outcome. It has been a gratifying experience for me as a Realtor to work with these people and see how home ownership has improved their lives. My hat is off to this employer and his employees for working together towards a successful future!

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Rainmaker
3,332,546
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Wow...what a perk...hope these folks reward the employer with keeping their credit scores soaring and huge thank yous !

Feb 10, 2009 11:20 PM #1
Rainmaker
217,621
Richard Shuman
The Only B.S. I Have is from the University of Massachusetts - Lake Mary, FL
Real Estate Broker - Orlando Area - Love Referrals

what a great idea - I think more would do it if they have the funds available!

Feb 10, 2009 11:21 PM #2
Ambassador
1,124,542
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

That is extremely generous of the employer.  Now that is how to make the world to go round.

Feb 10, 2009 11:23 PM #3
Rainmaker
111,108
Steven Wright
Home Real Estate - Aurora, CO
CRS - Home Real Estate - 720-989-5283

Now that is impressive. Why don't we hear more about people like this.

Feb 10, 2009 11:34 PM #4
Rainmaker
1,429,877
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Bernie, what an opportunity for the employees to get a head start. Sounds like a good company to work for.

Feb 10, 2009 11:46 PM #5
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Rainer
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Bernard P. Fallon

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