Howard Hanna offers ‘Buy & Borrow Bundle’
Howard Hanna Real Estate Services wants to ‘streamline the home purchasing process’. On Thursday, the family-owned real estate company announced it was launching its “Buy & Borrow Bundle” program, which it said “provides comprehensive support and financial incentives that meet the unique needs of anyone looking to buy a home.”
“We are excited to introduce the Buy & Borrow Bundle, which reflects our continued commitment to providing superior value and convenience to our customers,” F. Duffy Hanna, president of Howard Hanna Financial Services, said a statement. “This program not only provides significant financial benefits, but also simplifies the home buying process by consolidating essential services under one roof.”
Homebuyers who decide to take advantage of the program will work with a Howard Hanna buyer’s agent and finalize their mortgage Howard Hanna Mortgage Services. According to the announcement, once homebuyers sign an exclusive buyer brokerage agreement with a Howard Hanna agent, they can work with the agent’s in-house mortgage team to get pre-approved for a loan.
Once the transaction is successfully completed by Howard Hanna’s broker and mortgage team, the buyer will receive a credit at settlement of 0.5% of the loan amount, which can be applied toward closing costs. The company noted that the credit amount is limited to $10,000.
To comply with mandatory disclosures, Duffy told Hanna HousingWire that the company would clarify the nature of the relationship between the real estate brokerage and the company’s mortgage services to the customer at the beginning of their relationship.
“At Howard Hanna, we understand that buying a home is more than a transaction; it is about building a future and creating lasting memories,” said Howard W. “Hoby” Hanna IV, CEO of Howard Hanna Real Estate Services, in a statement.
“Our Buy & Borrow Bundle program is designed to support families every step of the way and provide them with the tools and resources they need to achieve the American dream of homeownership. Our company was founded with the mission of providing solutions to consumers to help them navigate the complex homebuying process. … This is another step in achieving our mission.”
In addition to this new program, Howard Hanna continues to offer a money-back guarantee, where the company will buy back a home for 100% of its value if the customer is not satisfied. This program has existed since the 1980s.
