Last Updated on July 24, 2024
New program aims to make homeownership more affordable and accessible
Allen Tate Realtors, the Carolinas’ leading real estate company, announces the launch of its Buy & Borrow Bundle, a program designed to offer significant savings and convenience for homebuyers.
This innovative program combines mortgage and real estate services, providing a seamless and cost-effective home buying experience aimed at promoting homeownership and affordability.
With the Buy & Borrow Bundle, homebuyers who sign an Exclusive Buyer Agency agreement with Allen Tate Realtors or Allen Tate/Beverly-Hanks Realtors and finance their new home through Howard Hanna Mortgage Services will qualify for a closing credit of 0.5% of their home loan amount, up to $10,000.*
“Since 2020, home prices have surged at unprecedented rates as the economy recovered from the downturn, while interest rates rose rapidly and still remain high. This initiative underscores Allen Tate’s commitment to making homeownership more accessible, affordable and achievable,” said Gary Scott, president, Allen Tate Companies.
“Both Allen Tate and Howard Hanna believe that everyone deserves the opportunity to own their home, and this innovative bundle is a testament to our commitment to helping everyone achieve that goal,” said Howard “Hoby” Hanna IV, CEO, Howard Hanna Real Estate Services.
Here’s how the program works:
– The buyer signs an Exclusive Buyer Agency Agreement with an Allen Tate Realtor.
– The buyer obtains pre-approval with Howard Hanna Mortgage Services to determine a budget.
– The buyer works with an Allen Tate Realtor to find homes meeting their criteria, makes an offer to purchase, and finalizes the home purchase with Allen Tate and Howard Hanna Mortgage.
– The buyer receives a 0.5% credit at settlement towards their closing costs, potentially saving up to $10,000.*
“We are excited to introduce the Buy & Borrow Bundle, which reflects our ongoing dedication to providing superior value and convenience to our clients,” said Duffy Hanna, president, Howard Hanna Financial Services. “This program not only has the potential to offer substantial financial benefits to homebuyers, but also simplifies the home buying process by consolidating essential services under one roof.”
For more information, visit allentate.com/bundle or contact an Allen Tate Realtor.
About Allen Tate Companies
Allen Tate Companies is the Carolinas’ leading real estate company, based on closed transaction sides, with more than 70 offices and 1,800 Realtors® in the Charlotte, Triad, Triangle, High Country, Highlands/Cashiers and Asheville/Mountain regions of North Carolina and the Upstate region of South Carolina. Allen Tate provides real estate, mortgage, insurance, and relocation services throughout the entire homeownership life cycle. We are committed to providing and protecting quality of life for the communities we serve. For more information, visit allentate.com.
About Howard Hanna
Howard Hanna Real Estate Services is the #1 family-owned and operated independent broker in the country. The full-service real estate company has more than 500 real estate, mortgage, insurance, title, and escrow service offices across 13 states, including Allen Tate Realtors in the Carolinas and The F.C. Tucker Company in Indiana, with more than 15,000 sales associates and staff, including many of the industry’s top-producing real estate agents. For more information, visit howardhanna.com
*NMLS #101561. Limited time offer. Terms and conditions apply. Cannot be combined with any other offer. Offer of credit is subject to credit approval. Applies to purchase money mortgages only. Does not apply to all loan programs, including brokered transactions. Contact Howard Hanna Mortgage Services for mortgage products and eligibility. Offer not available with any other discounts or offers. Approved borrowers will receive a closing cost grant equal to .5% of the loan amount on their Closing Disclosure. For example, a client would receive a credit of 0.5% of the $380,000 loan amount for a credit of $1,900 toward closing costs. By electing the Howard Hanna Buy & Borrow Bundle, you are consenting to Howard Hanna and its affiliate companies contacting you to begin your pre approval process. Offer is only available to Exclusive Buyer Agency clients who are purchasing a home through Howard Hanna Real Estate Services and financing through Howard Hanna Mortgage Services. Offer cannot be retroactively applied to loans where the rate has been locked. The program commences on July 15, 2024, and is subject to termination at any time, except in Indiana, where the program will commence on July 1, 2024. For full licensing information, visit www.nmlsconsumeraccess.org
Qualified Buyers/Borrowers may receive up to .50 point rebate on their loan amount at closing not to exceed a total of $10,000. Underwriting and program restrictions may apply. Not available on all products or programs. Please consult your Mortgage Loan Officer for restrictions. Available for a limited period of time. Availability of rebate is determined in part by the borrower’s down payment, negotiated concessions and/or other underwriting and program parameters. Concessions and other program restrictions may affect eligibility. Please consult with your Mortgage Loan Officer. Offer void where prohibited by law.
