Homeownership Benefits Program

A program designed to help increase employee retention and satisfaction

at no cost to you!

In today’s uncertain economic climate, businesses are seeking new opportunities to offer employees improved value and benefits.

One impactful benefit is assisting employees in their pursuit of homeownership.

The Parent Team's Homeownership Benefits Program offers exclusive home financing advantages to your employees at no cost to your company. Once it's operational, we directly assist your employees in exploring their home financing choices and offer continuous support throughout the entire process. Setting up this program is fast and straightforward, requiring minimal effort on your part.

Common Workplace Problems

It will cost a company about 6 to 9 months of an employee’s salary to identify and on-board a replacement.*

Only 12% of employees say they strongly agree their organization does a great job at on-boarding new employees.

Employee turnover can be as much as 50% in the first 18 months of employment.*

*Reported by the Society for Human Resource Management (SHRM).

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Poor Overall Health

1 in 5 workers felt severe stress from work or finances, leading to symptoms like fatigue and depression four times more often. This also doubled their likelihood of poor overall health, causing more sick days and lower productivity.**

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Financial Problems

80% of employers observed that their employees' personal financial problems affected their job performance to some extent, significantly, or extremely. This led to heightened stress levels in employees (noted by 76% of employers), a lack of focus at work (60%), and increased absenteeism and tardiness (34%).**

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Supporting Family

Over 25% of employers also noted that a substantial number of their employees faced challenges in supporting both their children (including adult children) and assisting elderly parents.**

**Reported by the survey, “Finding the Links Between Retirement, Stress and Health”

How we can help you reduce turnover

“The benefits and perks that employees truly care about are those that offer them greater flexibility, autonomy and the ability to lead a better life… In general, employees are most likely to say they would change jobs for benefits and perks closely related to their quality of life. They are quite interested in jobs that offer them a way to balance work and home better, gain a deeper sense of autonomy and secure their financial future" (State of the American Workplace, Gallup).

Choosing to join a new company typically means leaving another, with new hires hoping their new position will surpass the previous one in meeting their needs. Individuals often seek advice from friends and family, scour the internet for company ratings and reviews, and strive to determine if a company aligns with their personal aspirations. This decision-making process starts with logical factors but is ultimately influenced by emotional connections and feelings towards the prospective employer. From the moment they decide, every interaction shapes their view of being a valuable member of the organization. Hence, the importance of a well-crafted onboarding process that makes employees feel genuinely welcomed and integrated.

For a company, this moment presents an ideal chance to fulfill its value proposition and surpass the commitments made during recruitment, aiming not just to meet but to exceed expectations. Our Homeownership Benefits Program is crafted to enable your organization to achieve this without impacting its financial bottom line. Few things are as closely linked as work and personal life. Assisting employees, whether new or experienced, in settling into their local communities is key to gaining their trust and bolstering their confidence in their employer.

Benefits to your company

Attracting Top Talent

To remain competitive in today's job market, employers must stand out. Offering homeownership benefits is an excellent way to do just that. Potential employees are more likely to be attracted to companies that care about their overall well-being and financial goals. This unique perk can help you attract and retain high-caliber talent, giving you a distinct edge in recruitment.

Enhancing Employee Retention

When employees feel that their employer is invested in their personal and financial growth, they are more likely to stay with the company for the long haul. Reduced turnover rates can save your organization valuable time and resources, while loyal and committed employees can positively impact workplace culture and productivity.

Strengthening Workplace Productivity

Financial stability and reduced stress contribute to higher workplace productivity. Employees who feel secure in their financial situations are more likely to be engaged, motivated, and focused on their work, resulting in increased productivity.

Promoting Community Engagement

Homeownership fosters a sense of community and belonging. When your employees own homes, they are more likely to become invested in their local communities. This can have a positive impact on neighborhoods and reflect positively on your company's corporate social responsibility efforts.

Benefits to your employees

Our loans and programs are perfect for first time homeowners, low to moderate income families, senior citizens, veterans and more!

With The Parent Team’s Homeownership Benefits Program, we will find the best loan for your employees at a competitive rate.

Employees will receive a 1% realtor credit when buying or selling a home. For example, a home for $500,000 will get them $5,000 credit.

When buying or refinancing a home through with our program, employees will be eligible to receive $2000 lender credit.

Additional Benefits

Tax Benefits

Homeownership often comes with various tax advantages. By facilitating homeownership for your employees, you indirectly enable them to access these benefits, which can lead to additional financial advantages and increased overall satisfaction.

Reduced Financial Stress

The burden of renting or facing unaffordable housing costs can lead to significant financial stress for employees. By assisting them in becoming homeowners, you alleviate this stress, creating a more focused and content workforce.

Financial Stability and Security

One of the most significant advantages of offering homeownership benefits to your employees is providing them with a pathway to financial stability. Owning a home is a long-term investment that can build wealth over time. By helping your employees become homeowners, you empower them to secure their financial future, reduce financial stress, and work toward long-term financial security.

Homeownership for Future Employees

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Projected Income Mortgages

Your future employees may qualify to buy a home with a non-contingent job offer letter.

To qualify, that job offer letter must clearly outline employment terms – namely salary and start date. If that info is present and the income isn’t variable or commission-based, The Parent Team may be able to approve and fund a loan with nothing more than the offer letter for income documentation for your future employees.

Subject to terms and conditions and credit qualification; not a commitment to lend, and not all borrowers may qualify.

Program Requirements

- Income must begin within 90 Days of Closing (60 days for VA/FHA/USDA).

- Prospective employee must provide documentation, such as a letter or e-mails from the future employer verifying all contingencies have been cleared.

- The job offer document must include the terms of employment, including employment start date, position, and annual income based on salary (e.g., hourly earnings are not permitted).

- For a salary increase, documentation must indicate that the increase is fully approved and is explicitly granted to the employee.

- Reserves are required covering 6 months principal, interest, taxes, and insurance.

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Resources that add value to your business

Offering healthcare and retirement plans are no longer enough. Businesses are beginning to look for ways to help their employees with other personal monetary challenges such as housing, home ownership, and financial planning.

Provide your employees with exclusive home financing perks with the Homeownership Benefits Program. Together, we can assist your employees in exploring their home financing options and provide consistent support at every stage.

- Personalized support, education and tools your employees need to confidently plan for and move through the home financing process

- Competitive rates and fees on various home financing products and programs

- Employees interact with us however it's most convenient for them—in person, over the phone, or on-the-go.

Our Services

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Services for Your Company:

- Implementation of the Homeownership Benefits Program at no cost to your company or organization.

- Increased employee loyalty.

- Reduced absenteeism.

- Improved financial well-being.

- Since buying a home is one of the top three stressful endeavors, less stress means more productive employees!

- Carrying out the program is fast and straightforward, requiring minimal effort on your part.

- Exclusive co-branded benefits website accessible to your employees and their families!

Services for Your Employees:

- All employees are eligible, and it’s completely voluntary.

- Educational materials.

- “Lunch & Learn” seminars are available.

- An exceptional team of real estate and financial experts are hand-picked and pre-screened for the benefit of participating members.

- A one-on-one relationship and a concierge experience working with a Mortgage Advisor and team.

- Professional advice and customized mortgage solutions for each borrower.

- Discounts on real estate commissions, home inspections, closing costs, moving expenses and more!

- Valuable savings when buying, selling and refinancing a home.

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