Bay Equity Announces Participation in Homes for Heroes and Friends of Heroes Assistance Programs – NMP Skip to main content

Bay Equity Announces Participation in Homes for Heroes and Friends of Heroes Assistance Programs

NationalMortgageProfessional.com
Jun 12, 2012

Bay Equity Home Loans has announced that its Santa Rosa, Calif. retail branch is participating in the Homes for Heroes and Friends of Heroes programs that provide homebuying, selling and maintenance discounts to everyday workforce heroes. Homes for Heroes is a community-minded, locally-driven organization committed to providing substantive housing-related savings to workforce heroes who are buying or selling a home. Those discounts include realtor credits of 25 percent of the gross commission paid on either the purchase or sale of a house, a lender credit of 0.5 percent on closing costs or application towards a reduced interest rate when using a Homes for Heroes preferred realtor and lender, along with discounted closing fee’s from using the Friends of Heroes program. The Friends of Heroes program provides discounts on ancillary home services covering everything from plumbing, painting and landscaping to home remodeling and general contracting services. Even home security and home staging and moving companies offer discounted services. “Basically, if it’s in, on, around or related to a home, Homes for Heroes and Friends of Heroes can help these folks who serve us sacrificially every day to defer some of the cost and expense associated with buying, selling or maintaining their home,” said Jeff Harris, the Homes for Heroes point of contact in Sonoma County and a mortgage professional at the Santa Rosa branch of Bay Equity Home Loans. “It’s a phenomenal program that gives back to those who serve our country and our communities on a daily basis.” Two local heroes have already been helped by Bay Equity’s participation in the Homes for Heroes program: ►Denise and Al Tillman qualified to purchase a home under the Homes for Heroes program through Denise’s position at the Santa Rosa Memorial Hospital where she has worked for 17 years (Al also qualified by being recognized by the City of Santa Rosa as an outstanding citizen who assisted in the arrest of a known offender). Through the Homes for Heroes program, the Tillmans saved $1,130 in closing costs through a realtor credit (in addition to the realtor receiving a seller credit of $7,530), lowered their quoted interest rate from 4.25% to 4.0% with no cost, and were able to close escrow in just 25 days. ►Scott Huchting, a 20-year veteran firefighter for the city of Riverside, and his wife Suzanne qualified to refinance their home under the Homes for Heroes program. As a result the Hutchings were able to lower their quoted interest rate from 3.875 percent to 3.625 percent and close escrow in 28 days. Harris, a former U.S. Navy Petty Officer who served a three-year deployment on board the USS Independence aircraft carrier before leaving the Navy in 1998, has been the driving force behind Bay Equity’s involvement with Homes for Heroes. “Because of his military background, Jeff has a deep understanding of the challenges facing our veterans and workforce heroes,” said George Adair, area sales manager of Bay Equity’s Santa Rosa retail branch. “He has spearheaded our involvement in the Homes for Heroes program, and we look forward to bringing the savings it provides to as many workforce heroes as we can.”
Published
Jun 12, 2012