Homes For Heroes Mortgage For Firefighters And Paramedics
This BLOG On Homes For Heroes Mortgage For Firefighters And Paramedics Was PUBLISHED On March 27th, 2019
Gustan Cho Associates are excited to roll out our participation in the Homes For Heroes Real Estate Network.
- This Network is consisting of Realtors, loan officers, title companies, and inspectors to create discounts for the heroes that make our life happen
- We are new to this community and are looking forward to passing the benefits down to our clients
In this blog, we will detail the Homes For Heroes Mortgage For Firefighters. We will discuss who may use theHomes For Heroes Mortgage For Firefighters, the ins-and-outs of the Home For Heroes program, and how to start the process.
Definition Of A Hero Per Homes For Heroes Mortgage For Firefighters
What is a HERO?
The definition of a hero for the Homes For Heroes network is; anyone who works in the following fields:
- Firefighters and EMS
- Law enforcement
- Military (active duty, reserves, and veterans)
- Healthcare professionals
In this blog, we will detail the qualifications for our local firefighters. A firefighter is defined as a rescuer extensively trained in firefighting, who usually extinguishes hazardous fires that threaten people’s lives and property. They are also highly trained in rescuing people and animals from dangerous situations such as falling through a frozen lake. Over the past few decades, technology in the fire prevention fields has come a long way, but this is a job that still requires a HERO to complete!
Definition Of A Firefighter
Who is considered a firefighter?
FEMA defines a firefighter as all members of organized fire departments with assigned fire suppression duties in all 50 states. Here is a list of a few examples:
- Volunteer or probationary firefighters
- Firefighter / EMT
- Firefighter / paramedic
- Public Safety Officers (Many smaller towns and counties have public safety owners who are both police officers/firefighters)
- Battalion Chief
- Assistant Chief
- Fire Chief
While there may be more positions who can use the program, this is a great list to start with. As you can see the Homes For Heroes program is quite encompassing, they try to help as many HEROS as possible. Firefighters risk their lives and often there are fatalities involved in the work they do. Whether it’s a commercial building fire or a wildfire, the job is dangerous. See this link for a report on how dangerous this job can be:
How Homes For Heroes Mortgage For Firefighters Work
How does the Homes For Heroes program work?
To maximize the benefits of the Homes For Heroes product, you want to work with a lender and real estate agent who both participate in the program. When buying a house, you will receive a check after closing for a portion of the purchase price to help with moving expenses. When budgeting for a move, it is important to be conservative. More times than not, the expenses related to completing your move are higher than expected. The average savings with the Homes For Heroes program is $2,400! Gustan Cho Associates at Loan Cabin will contribute to our heroes by paying for the Heroes appraisal fees (as long as this is allowed in your state). The realtor will credit a portion of their commission back to the local Heroes. It is also possible to receive discounts from home inspectors and title companies. There is a large database of participating community members within the Homes For Heroes website. If you are refinancing your house, the appraisal will be covered by the lender and you will work with a title company who participates. This will save you overall on the fees associated with a refinance. If you are selling your home, it is important to work with a participating real estate agent. They will also credit you a portion of their commission to maximize the sale of your home.
Starting Homes For Heroes Mortgage For Firefighters
How do you start Homes For Heroes process?
You will be paired up with a local Homes for Heroes specialist
Buy, Sell, or Refinance your home
Receive your HERO REWARD
Disclaimer from HOMES FOR HEROES:
Hero Rewards offers are limited and/or restricted in Alaska, Kansas, Louisiana, and Mississippi. You must be enrolled with Homes for Heroes and be represented at closing by a Homes for Heroes real estate affiliate to be eligible for HeroRewards. Contact Homes for Heroes for further details. Homes for Heroes® Inc.is a licensed real estate company in the state of Minnesota | ©2016 Homes forHeroes, All Rights Reserved. Homes for Heroes is a registered trademark. Any reproduction or redistribution in whole or in part without written permission is expressly prohibited by law.