Leader Bank Introduces Move and Improve Line Ahead of NAR Settlement Impact to Help Homebuyers Cover Buyer’s Agent Commissions
In light of the recent National Association of Realtors (NAR) settlement, the standard of home sellers paying buyer’s agent commissions could undergo significant changes. Recognizing the potential impact on the real estate market, Leader Bank is committed to being at the forefront of providing flexible and innovative options for its clients and real estate agent partners.
To address this industry shift, Leader Bank is proud to introduce the Move and Improve Line which provides homebuyers up to $50,000 or 5% of their loan amount to pay all or a portion of their buyer’s agent commission. This new and one-of-a-kind financing solution aims to ease the financial burden on homebuyers while providing important support for real estate agents.
“Leader Bank has been dedicated to helping our clients navigate the road to homeownership since our founding, and this remains truer than ever with the upcoming changes to the homebuying landscape,” said Jay Tuli, President of Leader Bank. “The Move and Improve Line is an innovative solution designed to provide an additional cushion to homebuyers.”
In addition to helping homebuyers cover a buyer’s agent commission, Move and Improve funds can be used to achieve a range of goals including paying for moving expenses, making renovations, purchasing furniture, and more. Leader Bank’s commitment extends to its buyer’s agent partners as well, and the Bank remains dedicated to ensuring their continued success and satisfaction in this evolving market.
“At Leader Bank, we understand that our clients and partners need options,” said Sean Valiton, Head of Residential Lending. “We are here to ensure that we are providing innovative financing solutions regardless of the situation. Our goal is to help our clients navigate these changes smoothly and confidently.”
With this proactive approach, Leader Bank reaffirms its dedication to adaptability and client-centric service. By offering this new option through the Move and Improve Line, Leader Bank aims to set a standard for responsiveness and innovation in the residential lending industry.
ABOUT LEADER BANK, N.A.
Founded in 2002, Leader Bank, N.A. is a Massachusetts-based entrepreneurial financial institution that approaches banking differently. The core tenets of Leader Bank include world-class client service, exemplary products, and innovation to meet the needs of its clients. At its founding, Leader Bank had $6.5 million in assets – in the two decades since, the Bank has grown into one of the most successful financial institutions in the Commonwealth with more than $4 billion in assets. Leader Bank’s team members have been at the forefront of supporting the Bank’s rapid growth and client-oriented solutions over the last two decades as the Bank has expanded its commercial and retail products and solutions. Leader Bank is a committed corporate citizen and prides itself on partnering with and supporting philanthropic organizations. More information on Leader Bank can be found at www.leaderbank.com.
