(Especially important for first-time buyers starting with higher rates)

When you’re buying your first home, you’re focused on one big thing: getting the keys and moving in. And we get it — there’s so much going on. Down payments, appraisals, inspections, packing, moving… it’s a whirlwind.

But here’s a powerful question that could save you thousands of dollars later — and most buyers don’t even know to ask it:

“Does this lender offer a ‘Lender for Life’ or Customer Loyalty program?”

What Is a “Lender for Life” Program?

Several mortgage lenders offer what’s called a Lender for Life or Customer Loyalty program. It’s exactly what it sounds like — if you stick with them for future loans (like a refinance or your next home purchase), they waive some or all of their lender fees.

And that can mean serious savings. For example:

• Loan origination fees (typically 1% of the loan amount)
• Underwriting or processing fees
• Application fees

These fees can total thousands of dollars. With a loyalty program, you may be able to refinance or purchase your next home for a fraction of the usual cost.

Why This Really Matters for First-Time Buyers

First-time buyers often start with higher rates or more expensive loan programs — especially if you’re using FHA, down payment assistance, or low-credit financing. That’s okay — it’s a great way to get into your first home.

But once you’re in and rates drop (and they eventually do), you’ll probably want to refinance to:

• Get a lower interest rate and payment
• ️Pull out equity for home improvements or repairs
• Pay for a big life expense (like tuition)
• Or even use that equity to buy a second property

Here’s the thing: Refinancing is basically applying for a loan all over again.
That means more paperwork… and more fees.

Unless you chose a lender that waives them.

It’s Also a Huge Benefit When You Buy Your Next Home

Most people don’t stay in their first home forever. Eventually, you’ll want to trade up — for more space, a better location, or just a fresh start.

Some lenders apply the same loyalty program to your next home loan. That means fewer closing costs the next time around, just because you chose the right lender the first time.

It’s smart planning, and most people never think about it.

Here’s What You Should Do

• Ask your lender upfront:
  “Do you offer a loyalty or ‘Lender for Life’ program for future refinances or home purchases?”
• Get the details in writing:
  What’s waived? Is it only for refinances? Is there a time limit?
• Tell your House Karma broker:
  We’ll help you find a lender who offers this kind of benefit. In fact, many of our partner lenders already do — because we know how important it is for long-term homeownership success.

Final Thought

This is one of those little-known tips that can make a big difference in your future. You’re not just buying this home — you’re beginning your financial life as a homeowner. And smart decisions now will pay off for years to come.

So don’t be afraid to ask your lender the right questions. We’ll help you every step of the way — because at House Karma, we’re not just here for this house… we’re here for your next one too.

Our partner Loan Depot offers this option – it’s one of the reasons we chose them to help us help people like you