To be eligible you need to be on active duty, retired from the military (20 years of service) or a wounded warrior. Contact one of our team members and let them know that you are interested in the program prior to listing your property as a seller, or prior to initiating your home search as a buyer. Get up to ½ percent back at closing. The chart below gives you an idea of what you can expect.
Many lenders will not allow you to get a rebate on your HUD-1. If this is the case we will still give you a CREDIT not a rebate . It must be applied to eligible closing costs, prepaids, or other Buyer existing consumer debt (VA loans only), where allowable.
This offer must be presented upon the initial meeting with your agent. The offer will not be available beyond this first meeting.
Contact us today to take advantage of this offer! Call us at 717-1003 or fill out our online appointment form!
Some Restrictions :
Disclaimer: For buyers, rebate is subject to the particular lender requirements, as FHA and VA have stipulations related to how buyers can receive rebates at closing and how much buyers must bring to closing “out of pocket”.
If the Buyer purchases a property using this rebate, then Broker shall be compensated by the seller with payment of a commission at closing equal to 3% of the sales price of the property. The seller is normally responsible for compensating the buyer’s agent, however, in some circumstances (ex: For Sale by Owner) the seller doesn’t offer the buyer’s agent a commission. If our company does not receive a full 3% commission, the balance owed will be considered part of the rebate used in this promotion.
Some of the ways you will receive a portion of your rebate back will be in the form of a free home warranty, appraisal, waiving the loan origination fee, etc. If the seller pays excessive closing costs and you are already getting money back at closing, and your loan will not allow for cash back, we may only be allowed to contribute a portion of the rebate or as little as none.
This does not qualify for Short Sales because banks will not allow rebates to be given back at closing.
**We have other specials that we offer from time to time at Chantel Ray.Only one promotion may be used per transaction and it must be presented at the first meeting and at the initial contact with your agent.