November 22, 2024 11:46 am
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Home builder lures millennials with offer to help pay their student loans

Consumer advocates worry such programs tend to drive up prices

By Laura Kusisto | The Wall Street Journal

Student loan debt has been an obstacle for many potential home buyers. Now Lennar Corp. LEN 0.50% is trying to do something about it.

A subsidiary called Eagle Home Mortgage plans to introduce on Tuesday a program under which it will pay off a significant chunk of the student loan of a borrower who purchases a home from Miami-based Lennar.

Housing experts said other builders are likely to look to mimic the program, which could help lure more of the critical first-time-buyer segment into home purchases.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.