In a significant step towards promoting financial wellness among employees, BEVEL has announced its partnership with the American Society of Employers (ASE), one of the foremost associations dedicated to supporting human resource needs across the nation. This collaboration introduces a cost-free homeownership benefit to ASE member organizations, a development that stands to make a considerable impact on employee satisfaction and talent retention.
BEVEL distinguishes itself as a leader in employee benefits by focusing exclusively on homeownership. Their innovative program aims to assist employees in navigating the complexities of buying, selling, and refinancing homes, all while offering substantial financial support. As ASE members engage with this partnership, organizations can provide their workforce with up to
$12,000 in closing cost credits - a game changer for many seeking to purchase their first home or upgrade their existing living situation.
Key Features of the Partnership
This partnership comes with an array of features designed to ease the homebuying process:
1.
No Cost for Employers or Employees: The initiative imposes zero expenses on either the organizations participating in the program or the employees benefitting from it. This aspect not only enhances the employer's value proposition but also contributes to employee satisfaction.
2.
Nationwide Network Access: Employees will gain access to a network of pre-approved mortgage lenders and real estate professionals. This comprehensive support system will ensure that they receive the necessary guidance tailored to their unique homeownership goals.
3.
Diverse Loan Programs: A plethora of loan programs will be made available, accommodating a multitude of financial situations. Whether it's first-time homebuyers or individuals looking to refinance or invest, the program caters to various needs.
4.
Up to $12,000 in Closing Cost Credits: Employees can expect to receive financial aid amounting to 1% of the financed loan, capped at
$12,000, which significantly alleviates the burden of closing costs, making homeownership more attainable.
5.
Comprehensive Homeownership Services: BEVEL offers a full spectrum of services that includes expert assistance for purchasing new properties, selling current homes, and refinancing existing mortgages, thus supporting employees in every aspect of their homeownership journey.
A Statement from Leadership
Mary E. Corrado, President and CEO of ASE, emphasized the importance of such support for long-term financial wellness, noting that, "Helping employees achieve homeownership is a powerful way to support long-term financial wellness. By partnering with BEVEL, we're supporting employers in addressing their teams' financial goals and standing out in today’s competitive job market.”
Mike Walton, COO of BEVEL, also expressed his excitement regarding the collaboration, stating: "Homeownership is more than just a house; it's a fundamental cornerstone of financial well-being and community stability. Our partnership with ASE aligns perfectly with our mission to make homeownership accessible for employees, enabling them to save financially and allowing employers to excel in attracting and retaining talent."
Conclusion
As this collaboration unfolds, ASE members will have the opportunity to leverage BEVEL's offerings as part of their exclusive member resources. By incorporating BEVEL's homeownership benefit into their employee packages, organizations can not only enhance their appeal to potential hires but also foster a more satisfied and engaged workforce. For more details on accessing BEVEL's invaluable homeownership benefit, interested parties can visit
their official website. This partnership stands as a testament to the evolving landscape of employee benefits, solidifying the crucial role of housing benefits in promoting financial stability and fostering community.