Did you know there are rebates and incentives for military home buyers and sellers that will help save some money the next time you PCS?
It’s no secret that we all like to save money— especially when it comes to a big financial investment. So as you begin searching for the right home financing option, keep your ear to the ground for any rebates or incentives the brokerage offers.
If you’re not already familiar with the concept, no need to worry! Real estate rebates are a marketing tool used to attract homeowners to a brokerage. While each brokerage handles the details differently, the broker typically offers a portion of the commission made from the home sale back to the buyer as a credit or rebate at or after closing. And it’s an excellent opportunity for you, the home buyer or home seller, to save a little money.
Have you thought about how to pay for your new home? Take a look at What Is a VA Loan?
We've created a list of military-friendly rebates and incentives to help you get started. First, you’ll find national banks and companies that cater to military customers’ real estate needs. Next, you’ll learn about real estate agents in popular military cities and their programs dedicated to military buyers and sellers.
Navy Federal Credit Union
Navy Federal's Realty Plus program is a free, nationwide real estate assistance program earning you $400 to $9,000 after your close on your home with an assigned real estate agent.
You’ll receive:
- A referral to an experienced real estate agent.
- A personal real estate coordinator to guide the process.
- Community and neighborhood information.
Homes for Heroes
Homes for Heroes was created shortly after 9/11 as a way to say thank you to the people who serve our country—people like firefighters, law enforcement, military, healthcare workers, and teachers. Their mission is to provide extraordinary savings to heroes who deliver exceptional services to our nation and communities every day. Save money when you buy, sell, or refinance your home with Homes for Heroes.
- The average home buyer/home seller saves $3,000.
- Receive reduced lending fees.
- Title company and home inspector specialist provide discounts on their services.
You must be enrolled with Homes for Heroes and be represented at closing by a Homes for Heroes affiliate real estate specialist to be eligible. Simply sign up online, and you’ll be contacted by a Homes for Heroes specialist in your area within 24 hours.
U.S. Military on the Move
U.S. Military on the Move is a real estate program offered by top independent real estate companies who pride themselves on being experts in their local communities.
How it works:
- Register with Military on the Move first before you contact a real estate agent.
- Choose from one of the quality agents.
- Receive a rebate based on the sales price.
Heroes Home Advantage
Heroes Home Advantage is a real estate rebate program for those who protect, serve, and care for our country and community, people such as servicemembers, law enforcement, firefighters, healthcare workers, emergency personnel, and teachers.
Register with Heroes Home Advantage today and earn the following:
- Save $400 – $5000 or more in Realtor commission towards a credit at closing or a rebate after closing.
- Up to $500 Lender Credit.
- $100 Attorney Fee Credit.
- $25 or more off Engineer Inspection
- $40 or more off Chimney Inspection
- 15% or more off Remodeling services
- $10 or more off Furnace/AC cleaning, etc.
Military Real Estate Benefits
Military Real Estate Benefits is a program supporting military and veteran families. Their goal is to make the home buying process as smooth as possible while saving home buyers up to $7,500 cash back after closing.
- Receive $350 to $7,500 in cash back upon closing with the assigned real estate agent.
- Partner with a personal Military Real Estate Benefits Advocate.
- Free to sign up.
- Contacted by an agent within one business day of applying for the program.
Search Local Real Estate Professionals for Savings
It’s easy to search online for the big real estate entities that serve military buyers and sellers, but sometimes the personal connection and potential for savings get lost under the corporate umbrella.
While you're searching for the best deals, don’t forget to dial into your local resources. Their ability to meet your needs is likely more flexible, and they could offer discounts big companies cannot. You’ll definitely want to consider personal recommendations and in-person interviews—the rebate or incentive can only take the relationship so far.
Take a look at a few local offerings.
Utah Realty Group
Salt Lake City, Sandy, Draper, Lehi, Provo, and Mapleton
Are you looking in beautiful Utah to settle down and buy a home? The Utah Realty Group offers Teacher & Military Home Buyer Rewards.
- Represents your interests.
- Helps negotiate price and terms.
- Provides referrals to qualified lenders, home inspectors, and handymen.
- Gives you cashback equal to .25% of your home’s purchase price.
Are you also selling a home? Utah Realty can help you save thousands more through your home sale, too.
Jeffery Gould Real Estate
Tampa Bay Area and FishHawk Ranch, Florida
Heroes Rebate Program: “It’s an honor and a privilege for me to serve those who provide extraordinary services to the public every day. As a heartfelt thank you for your service, I offer an unlimited 5% rebate of my commission back to you at closing. All you need to do to receive this rebate is to let me know that you qualify for this rebate and close on a home purchase with me as your buyer agent.”
- Offer is good for new construction homes and resale properties.
- Heavy focus on properties featured in FishHawk Ranch, convenient to MacDill AFB.
JB Goodwin Realtors
Austin and San Antonio, Texas
Experts in Central Texas real estate, JB Goodwin shows support for the Armed Forces with Military on the Move. When they help you buy or sell a home, they will give 20% of the commission to you at closing.
- The rebate is given to you at closing; no waiting for a rebate check.
- No rebate limit.
- The freedom to choose your lender.
- Agent partners are trained in national and state-specific veteran benefits.
As part of the process of buying or selling a home, check out the rebates or incentives that are offered for veterans and military families that you may be entitled to. Not only are there nationwide savings programs created for military members of all statuses, but now you know to look for real estate professionals in your preferred area that have programs specifically for military members.
Please note that this information was accurate at the time of publication and does not constitute an endorsement of any program. Check with each company or organization for the latest updates on what they're offering. Know of another program we missed? Let us know in the comments!
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