Great news, Rhove just got even better! We are excited to announce Closing Credits, another benefit of being a Rhover.
With Closing Credits you can earn thousands of dollars towards closing costs when you purchase a home with our trusted realtor and lender partners.
Here’s how Closing Credits work:
- Every month that you save with Rhove, you’ll earn Closing Credits.
- If you live at a property that offers Rhove, you’ll earn 8% of your monthly rent in Closing Credits each month, up to $4,000* in value. Someone who pays $1,000 per month in rent will earn $80 per month in Closing Credits, $40 in Realtor Credits and $40 in Loan Credits! (This is in addition to receiving up to 2.5% cash back on your rent when you save using the Rhove app)
- If you don’t live at a property offering Rhove, you’ll earn $50 per month, $25 in Realtor Credits and $25 in Loan Credits.
- When you’re ready to buy a home, work with one of our partner lenders and realtors and you’ll be able to apply your Closing Credits to your closing costs. We are proud to work with Ritchie Realty Group of RE/MAX Metro Plus and Guaranteed Rate of Columbus to bring Home Rewards to Rhovers in Columbus.
Use Your Realtor Credits with Ritchie Realty Group.
Apply up to $2,000* of your realtor credits to your closing costs when you work with our preferred partner, Ritchie Realty Group. Ritchie Realty Group has a team of experienced, customer focused agents ready to help you find and buy the right home.
“Lee was an incredible help as a first time home buyer. Her around-the-clock accessibility, knowledge of the market and partner recommendations (lender, inspector, etc) made my experience seamless.”
Ritchie Realty Group of Re/Max Metro Plus is Ranked as the #1 REMAX team in Ohio, a premier team of Ohio’s top real estate professionals. Their team has sold over 1,100 homes representing over $300M in value.
Use Your Loan Credits With Guaranteed Rate of Columbus
Apply up to $2,000* of your loan credits to your closing costs when you work with our preferred partner, Guaranteed Rate.
Guaranteed Rate of Columbus is a residential mortgage company that promises low rates, transparent and fair fees, technology that simplifies the mortgage process, and unmatched service and expert advice to help you find the perfect mortgage.
With our world class partners, Rhovers in Columbus will be able to save thousands of dollars in commission and closing costs while receiving first class service to help them along the home buying process.
Pile on the Savings
Closing Credits is just one way to make the most of your Rhove account. When you live at any property that offers Rhove, you can make money on rent — earning a savings match equal to 2.5% of your monthly rent from your property. Rhove will boost your savings and add hundreds of dollars per year to your Rhove account — cash that can be used for large purchases such as a downpayment for a home, or saved up for whatever matters most to you.
*Closing Credits are not redeemable for actual cash and only applicable when using Rhove’s partners. Total Loan Credits redemption cannot exceed 0.5% of the total loan amount and total Realtor Credits cannot exceed 15% of the total realtor commission.