Allen Tate Rate Relief Program

Allen Tate RATE RELIEF Program

The Allen Tate Rate Relief Program is a unique program centered on seller-funded preferred financing. The seller commits to pay up to 3 percent of the purchase price toward a financing package from a qualified lender.

Seller Advantages

* Preferred financing sets the home apart from others on the market.
* Home showings may increase due to a higher level of buyer interest.
* Potential target market increases with more qualified buyers due to lower
income requirements and lower monthly payments.
* Home retains greater market value.



Buyer Advantages

* Program provides a permanent interest rate buydown.
* Below-market interest rate reduces buyer's monthly mortgage payment.
* Buyer may qualify for a larger home.
* Less buyer income is required to qualify for financing.
* Points are a tax deduction for the buyer in the year the property is
purchased.