EMPLOYEE HOME LOAN BENEFIT PROGRAM

Acquest Lending features The Employee Home Loan Benefit Program which is being offered to you as part of your benefits package not only to create additional value for your benefits program but, to save you and your family money.  As a participant in this program with Acquest Lending, Texas Employees are entitled to discounted loans at nationally competitive interest rates, saving yourself hundreds, possibly thousands of dollars more than you would by traditional financing channels. Helping Texas employees achieve their dreams is what this program is all about.  And if that’s not enough this program is offered at no cost to the employee!

Note:  The benefits of the Employee Home Loan Benefit Program are offered exclusively to you and your family through Acquest Lending, Inc.

 

Acquest Lending offers:

• Reduction in loan fees
• Free credit preapprovals
• Free Homebuyer Mortgage Education
• Complimentary Utility Concierge service
• Free mobile app to help with the homebuying or refinance process.   
• Other costs that may be discounted, such as escrow fees, appraisals, home inspections, etc.
• Depending on location (Texas) and household characteristics, additional programs of down payment assistance and interest rate reductions. 

How Your Home Loan Benefits Work

Cash Savings – Refinance

Texas employees that refinance their home mortgage loan through the Employee Home Loan Benefit Program receive one-half point (0.50%) reduction in origination or closing costs on a primary or secondary residence.¹

Cash Savings – Purchase

Purchasing a home is an expensive endeavor.  Besides the down payment, there are also numerous closing costs a buyer is responsible for such as escrow fees, title insurance, lender fees, appraisal fee, prepaid interest, property taxes, etc.  These additional costs can add up to thousands of dollars and sometimes keep a person from realizing their dream of homeownership.  That's where the Employee Home Loan Benefit Program can make a dramatic financial difference.  When employees use the program to purchase a new home they will receive significant cash credits in escrow that can offset many of their closings costs.

How it works

The employee's program Partnering Real Estate Agent will contribute 10% of the commission they receive to the employee as a credit towards closing costs.  In addition, Acquest Lending, Inc. will contribute 0.50% of the loan amount as an additional credit in escrow when the mortgage loan funds through them. 

These credits can amount to several thousand dollars!  For example, on a sample purchase transaction in Texas where the home price is $200,000 and the employee puts a 5% down payment, the credits to the employee could save them as much as $1,300!² 

These credits are on top of any price reductions or concessions the real estate agent may be able to negotiate!

Eligibility

Employees are eligible to participate in the benefits program if they are active, regular, full-time/part-time employees.

Eligible employees may also enroll

• Their spouse
• Their domestic partner
• Their children over age 18

Human Resource studies have shown that a comprehensive benefits package not only creates a great corporate atmosphere leading to happier, more productive employees, but it can also lead to increased employee retention. 

For more information on employee home loan discounts feel free to contact an Acquest Lending representative at 817-382-5331

¹ One-half point (0.50%) reduction for loan amounts greater than or equal to $150,000.  One-quarter point (0.25%) reduction for loan amounts less than $150,000. 

² Example assumes 3% commission to the selling agent’s office and a $190, 000 loan amount.  Credits paid at one-quarter point origination on loan amounts less than $100, 000.