Definition
Employer-provided benefits helping employees purchase homes through down payment assistance or favorable mortgage programs.
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Employers offer assistance to support employee retention and community development. Assistance ranges from grants to favorable loan programs. Employers establish programs to attract and retain talent. Benefits vary by employer and program.
Pro Tip
Check with employer about homebuying assistance programs; significant benefits may be available.
Example
Employer offering $25,000 down payment assistance to employees purchasing homes in target areas.