Homeownership Assistance Benefit for City of Ankeny
What’s Included:
Expert Guidance: Get personalized support from curated REALTORS® who will take the necessary time to understand and manage your home buying or selling and buying again journey.
Financing Support: Get pre-approved with our lending partner to establish your budget and obtain financing for your upcoming purchase.
Simplified Process: We streamline the entire home buying or selling and buying again experience, so you can focus on finding your perfect home.
When a city of Ankeny employee elects to work with First Home Partners for their REALTOR® representation, employees obtain the unique advantage of exchanging their initial interest rate for a lower one if it becomes available, allowing them to reduce their monthly mortgage without any out-of-pocket cost.
Interest Rate Monitoring
Upon purchasing a home through us, we monitor your mortgage interest rate and track the Federal Reserve.
When the Fed lowers rates, we compare your current rate to the new available rate. If it's lower, we notify you of this change during your first eighteen months of homeownership.
Freedom Financing
For the first eighteen months after your purchase, whenever the Fed lowers rates below your mortgage rate, we calculate your potential monthly mortgage savings opportunity. Upon your approval, we then refinance your loan to the lower rate.
Homeownership Head Start
We lower your upfront property costs by offering a choice of preferred home maintenance equipment, including a lawn mower, snowblower, or gas grill.
Enroll in the Homeownership Assistance Benefit
*The refinance guarantee is dependent on the borrower/s qualifying and that normal underwriting guidelines will still apply. Must purchase a home by December 31, 2026 to qualify for this offer.
Employees receive an eighteen month complimentary refinancing window that begins on the date of home closing. In order to refinance one-time at no-cost, the interest rate must be at a minimum ¼ percentage point lower than the locked-in rate for the same type of loan term (ex. 30 year fixed interest rate).