REX HomeBuyer Down Payment Funding
Buy the home you really want, today. FirstREX will go 50/50 on the down payment.
It’s A Great Time To Buy, But The Down Payment Can Be A Challenge
It can be more than you have saved or more than you’re willing to commit to a home purchase. If the down payment is what’s keeping you from buying a home, REX HomeBuyer could be the perfect solution to get into the home you really want, today.
REX HomeBuyer Offers A Game-Changing Solution
If you have at least 10% of the purchase price to put down, FirstREX will match your down payment. FirstREX’s share of the down payment is an investment, not a loan, so there’s no monthly payments on the money. Instead, FirstREX will share part of the gain or loss on your home when you decide to sell. If the value of your home increases, they’ll earn a return, and so will you. If the value of your home decreases, they’ll typically take a loss, and this will reduce your loss. Either way, you benefit by getting the home you want today – with financing that works for you.
- Increase your downpayment funds
- Reserve cash for a “rainy day” or other investments
- Lower your monthly payment
- Qualify for a mortgage more easily
You’re In Control
FirstREX typically remain invested in your home until you decide to sell. Or, you can buy them out of your contract without selling at any time after the first three years. You just make a payment to FirstREX equal to the amount they invested, plus the profit, if any, that they would have made if you had sold your home at that time.
Note: A transaction fee of approximately 2% will apply based on the amount of down payment contributed.
Get Started Today!
Contact me for a personal introduction to your FirstREX representative who can answer all your questions.