Homes for Heroes Blog - Hero Savings, Buying and Selling Tips

First Responder Discounts | Special Deals on Homes, Tech, Food, Clothing, Fitness

October 3, 2022September 18, 2024 / in Discounts and Deals / Homes for Heroes

Companies like to give first responder discounts for the same reason Homes for Heroes gives money saving Hero Rewards to first responders: it feels good to give something back to the folks who give so much to our communities. There are a lot of discounts out there, but there are also a lot of firefighting, EMS, rescue and police (including 911 operators, state troopers, and correctional officers) units. It makes sense that this is a long list.

Is a Recession Coming? | 2024 Outlook and Addressing Concerns for Buyers and Sellers

September 26, 2022September 19, 2024 / in Housing Market Trends / Homes for Heroes

Is a recession coming in 2024? While most experts predicted a recession was likely in 2023, it never came to be, and the good news is many experts are now expecting things to improve in 2024. This includes a stronger housing market as interest rates have come down over a full percent point in the past 6 months, pricing seems to have stabilized and inventory levels are improving slightly with the help of builders putting up more units. That said, there are varying degrees of optimism, so here we will look at what has happened recently and what the experts are predicting for the remainder of 2024.

Thank You First Responders | First Responder Appreciation | Fire, Police, EMS

September 17, 2022September 18, 2024 / in First Responders / Homes for Heroes

The ability to say “Thank You First Responders” is tricky. Usually, if they have arrived, you are in an emergency situation, so there often isn’t time or opportunity to show your appreciation. Often folks go back, after the emergency, to thank individual or whole crews of rescuers. And that’s great. First responders such as police officers, EMS workers and firefighters really love to get those notes and tokens of gratitude from the people they have rescued.

Mortgage Loan Programs for First Responders | Ways to Save

September 16, 2022September 19, 2024 / in First Responders / Homes for Heroes

Among the mortgage loan programs for first responders, there are two existing initiatives (and one proposed change) to know about and watch. If you are a first responder – police and law enforcement, EMS professional or firefighter – looking to buy a home, these discounted home loan programs for first responders are designed for you. Knowing how they work is a good step in the right direction of finding a home.

$100 Million Given Back to More than 56,000 Heroes | Thanking Heroes for 20 Years

September 8, 2022September 18, 2024 / in Thank You / Homes for Heroes

Twenty years ago, Ruth Johnson and her family created Homes for Heroes, Inc. as a way to give back to community heroes who commit themselves to serving others; in the role of firefighter, EMS, law enforcement, military (active duty, reserve or veteran), healthcare professional or teacher. Today, Homes for Heroes has surpassed $100 million given back to more than 56,000 heroes on their home purchase or home sale transactions. It is one of several major milestones recently achieved by the company.

Are Interest Rates Going Up or Down? | Mortgage Rate Trends and Recent Forecasts

September 7, 2022September 18, 2024 / in Mortgage and Home Loans / Homes for Heroes

Home buyers are asking, “Are interest rates going up or down,” quite often these days. Mortgage rates have come down since last year’s highs, and are expected to continue the trending down throughout the year. As inflation cools from last year, the Fed is even considering implementing rate cuts throughout 2024. Currently in the mid-6% range, mortgage interest rates continue to remain fairly low if we look back historically. The real question for those looking to enter the housing market and purchase a new home is, will interest rates continue to come down in 2024 and make a home purchase more affordable?

Million Dollar Teacher Project Receives $5,000 Grant from Homes for Heroes Foundation

August 25, 2022September 18, 2024 / in HFH Foundation Grants / Homes for Heroes

The Million Dollar Teacher Project is dedicated to elevating the teaching profession through increased recognition, compensation and support. Their vision is to create a world where every student is taught by a highly trained, qualified, understanding and engaged teacher. The Homes for Heroes Foundation awarded the organization a $5,000 hero grant to assist in their mission.

VA Loan Closing Costs | What to Expect at Closing

August 25, 2022September 19, 2024 / in Military and Veterans / Homes for Heroes

VA loan closing costs are a little different than average closing costs using a conventional mortgage because there are rules about what VA borrowers can and can’t pay. Consequently, the VA closing costs are not as straightforward as you might imagine, and you’re going to need some skilled negotiators on your side to complete the process. Fortunately, Homes for Heroes can provide you with a team of negotiators to help you work through your VA loan closing day.

VA Loan for Reserves

August 17, 2022September 19, 2024 / in Military and Veterans / Homes for Heroes

The VA home loan program has been around for decades, but the VA loan for reserves is a recent development. A lot of reservists don’t even know they are eligible for the benefit. As a reservist, you should learn more about your VA benefits, and if you are in the market to buy a house, the VA loan system is something you will definitely want to take advantage of.

VA Funding Fee Chart | What is the Cost and Potential Exemptions

August 12, 2022September 19, 2024 / in Military and Veterans / Homes for Heroes

The VA funding fee is part of the process of getting a VA loan. Here we provide a VA funding fee chart so if you are in the process of trying to get one of these loan guarantees, you will have a good idea of what you may need to pay. There are some exemptions – service members and veterans who don’t have to pay the fee – and different rates apply depending on the type of loan. As you make your calculations for your VA loan to purchase a home, or refinance your mortgage, include this fee in your list of expenses.

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