MasonMac Heroes Loan Program
At MasonMac, we take a lot of pride in being active in the many communities we serve. With branches from the East Coast to Hawaii, we have the privilege of being a part of some wonderful areas across the United States. Our team members are local parents, little league coaches, and volunteers throughout the country, and while we love giving back, sometimes, it just makes sense to give a little more.
We cherish all of our customers, but for certain professions, it makes sense to take an extra step toward giving back, and for that reason, MasonMac created the Affinity-Heroes program.
With the Heroes program, MasonMac branches offer financial incentive to first responders (Firefighters, EMS, Law Enforcement), Teachers, Military, and Healthcare professionals as a way to say ‘thank you’ for also putting in so much effort to make our communities better places to live.
How does the Heroes loan program work?
When buying a home or refinancing, MasonMac will provide .5% of the loan amount (up to $3,500) as a lender credit that can be applied toward closing costs or to discount points to buy down an interest rate. The credit will always be .5% of the loan amount (so for a $200,000 loan, it would be $1,000, and for a $500,000 loan it would be $2,500) up to the max $3,500 credit. This can bring significant savings to qualifying borrowers and can help make home ownership more affordable for those buying a home. For those who already own a home, the Heroes program can help borrowers achieve a reduced interest rate by applying the credit toward discount points, exponentially increasing the long term savings available.
Local heroes employed in the following fields qualify for the MasonMac Heroes program: Firefighters, EMS, Healthcare professionals, Military (active duty, reserve, and veterans), Law Enforcement, and Teachers. Qualifying applicants must work with a MasonMac branch/LO that participates in the heroes program, and qualifying applicant must be on the loan as a borrower or coborrower.
Are you a hero in your local community? If so, take advantage of our Heroes loan program to help you achieve the dream of home ownership with substantial savings on your next mortgage loan! If you have any questions, you can get in touch for a quick answer by clicking here.