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Genworth Mortgage Insurance, an operating segment of Genworth Financial, has announced an expansion of its Homebuyer Privileges program to include discounts for nearly 300,000 retailers nationwide, including Target, Costco, Sears Commercial and ADT, among others.
The program allows homebuyers to save up to $7,500 through a variety of retailer coupons. Loan officers can extend these savings to homebuyers regardless of whether or not their loan includes private mortgage insurance from Genworth Mortgage Insurance. Homebuyers have up to 12 months to enroll in the program, and up to 12 months after enrolling to utilize the discounts.
“Our research shows that down payments are still the biggest obstacle to homeownership for many consumers,” said Rohit Gupta, president and CEO of Genworth Mortgage Insurance. “By expanding our Homebuyer Privileges program, our customers can offer even more savings that might allow prospective homebuyers to better control their costs and achieve their homeownership dreams sooner.”