Buying a home is a big step, especially for first-time buyers. Fairfield’s HOME program is designed to help make saving for a home easier by rewarding you with credits toward your purchase of a new or existing home. There are no fees to join and no minimum residency requirements. As a resident at a Fairfield community, you will be automatically enrolled in the HOME program and begin earning credits the very first month you pay rent!
Lease an apartment at a Fairfield community and accumulate credits toward your purchase of a new or existing home.
With the HOME program, there is no extra cost, or increase in the sales price of your new home. All real estate commissions are paid by the seller or builder and you, the buyer, receive a portion of that commission as a credit at closing.
At no charge, The Realty Associates will assist you with:
- Finding a home in the area that you are interested in and within your price range
- Negotiating prices on your behalf
- Providing referrals for inspections, appraisals and financing
- Evaluating mortgage options and credit repair
Click here to verify the amount of your current accumulated credit.
HOME Program Modifications - 6/16/2009
As of 6/12/2009 new Fairfield residents will not be enrolled in the HOME program.
Current Residents as of 6/12/2009 will automatically receive the MAXIMUM CREDIT toward the purchase of a home, regardless of current account balance. This is credited from the buyer’s agent’s commission at closing. The credit will be offered for 2 years after the expiration of the current lease term.
Maximum Credit is 1% of the home purchase price for new construction or .5% for an existing home. The experienced Realtors ® of The Realty Associates are available to answer any questions regarding the program and look forward to assisting with your home purchase.
|