Did you know there are rebates and incentives for military home buyers and sellers to help save some money the next time you PCS?
Who doesn't love the opportunity to save money, especially when it comes to a big financial investment? As you search for the right home financing option, keep your ear to the ground for any rebates or incentives the brokerage offers.
If you’re unfamiliar with the concept, no need to worry. Real estate rebates are a marketing tool designed 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 the home buyer or home seller to save a little money.
Here’s a list of military-friendly rebates and incentives to help you get started in the home buying process. 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.
National Rebate Programs for Military Home Buyers and Sellers
Navy Federal Credit Union
Navy Federal's RealtyPlus program is a free, nationwide real estate assistance program earning you $400 to $9,000 after you 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. Save money when you buy, sell, or refinance your home with Homes for Heroes.
What you get:
- The average home buyer/home seller saves $3,000.
- Reduced lending fees.
- Title companies and home inspector specialists provide discounts on their services.
To be eligible, you must be enrolled with Homes for Heroes and represented at closing by an affiliated real estate specialist. After you sign up online, a Homes for Heroes specialist in your area will contact you 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 that pride themselves on being experts in their local communities.
How it works:
- Register with Military on the Move.
- Choose from one of the quality agents.
- Receive a rebate based on the sales price.
Photo by Anton Estrada via Canva.com
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 military members and veterans.
Register with Heroes Home Advantage today and earn the following:
- $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. The goal is to make the homebuying process as streamlined as possible, while saving home buyers up to $7,500 cash back after closing.
What it looks like:
- Sign up for free.
- Choose your agent.
- Receive $350 to $7,500 in cash back upon closing with the assigned real estate agent.
Veteran Rewards Program
The Veteran Rewards Program offers exclusive benefits for military home buyers and sellers through the VREB Network. This program helps veterans, active military members, and spouses save money and receive valuable rewards throughout the home buying and selling process.
Key Benefits:
- Up to $7,500 in Rewards.
- Free membership.
- Members can apply a portion of the reward to cover a home warranty, ensuring protection for the home.
- Access to VREB University’s free online courses.
- Earn rewards on both sides of a real estate transaction.
- Partnerships with trusted companies like Armed Forces Insurance and 2-10 Home Warranty.
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 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 may offer discounts big companies cannot. 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 moving to Hill AFB or looking to settle down and buy a home in beautiful Utah? The Utah Realty Group offers Teacher & Military Home Buyer Rewards.
- Represent your interests.
- Help negotiate price and terms.
- Refer clients to qualified lenders, home inspectors, and handymen.
- Earn 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.
Photo by Wavebreakmedia from Getty Images via Canva.com
JB Goodwin Realtors
Austin and San Antonio, Texas
JB Goodwin supports the Armed Forces with U.S. Military on the Move, giving back 20% of the commission earned at closing.
- Rebate at closing.
- No rebate limit.
- The freedom to choose your lender.
- Agent partners trained in national and state-specific veteran benefits.
Military Buyers Program
Maryland, DC, and Virginia
The Military Buyers Program offers military service members, veterans, and their families in the DC, Maryland, and Virginia area a comprehensive service to ease the home buying and selling process. Designed by veterans, this program provides high-level support and unique benefits to ensure smooth transactions.
Benefits:
- Assistance at every stage, including needs analysis, mortgage pre-qualification, home search, offer submissions, negotiations, settlement, and post-settlement support.
- Access to real estate agents, lenders, attorneys, consultants, and vendors, ensuring all needs are met.
- Receive up to $7,500 in cash back.
- The program donates a portion of all commissions to veteran charities as a thank-you gesture for using the program.
- Support to access VA loans, with benefits like no down payment, lower monthly payments, and easier qualification.
- Efficient and hassle-free title work, ensuring clear titles and smooth closings, with title insurance protection.
Add checking for rebates or incentives to your home buying and selling process. Start with nationwide savings programs created for military members, then look at real estate professionals in your preferred area for 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. Do you know of another program we missed? Let us know in the comments.
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