Bilt Rewards, a rewards program for renters, has announced an innovative expansion allowing its members to earn valuable rewards when purchasing a home through an eXp Realty agent. The new program offers one Bilt Point for every $2 of the purchase price of a home. For example, the purchase of a $500,000 home could earn up to 250,000 Bilt Points. These points can be redeemed for travel, fitness classes, and other perks, significantly enhancing the home-buying experience for renters as they transition homeownership.
Bilt Rewards Founder and CEO Ankur Jain said, “Americans receive rewards for everyday purchases, but have never been properly rewarded for the largest purchase they will make in their lifetime. Bilt pioneered Bilt Points on rent payments to give members something back on their biggest monthly expense. Now, we’re going to reward them when they buy a home—their largest lifetime purchase. This is part of our broader mission to make the path to homeownership more accessible and rewarding for our members.”
As part of its initiative, Bilt offers several tools to assist renters in their journey toward buying a home. One such tool is a groundbreaking home search platform that simplifies the home-buying process. Unlike traditional calculators requiring complex mortgage estimations, Bilt’s tool provides an all-in monthly payment estimate, including costs such as property taxes and insurance. This transparency allows users to better compare the cost of homeownership with their current rent and explore different down payment options.
Bilt’s innovative platform further personalizes the homebuying experience by factoring in users’ financial profiles, helping them determine mortgage rates and available loan types. Additionally, the tool offers insights into how much homebuyers can afford in different cities, based on their monthly payments.
eXp Realty CEO Leo Pareja said, “At eXp Realty, we’re committed to empowering homebuyers with innovative solutions that make the journey to homeownership more accessible and rewarding. Our strategic relationship with Bilt enhances this commitment by providing homebuyers the ability to earn significant rewards while making the most important purchase of their lives. This collaboration not only simplifies the homebuying process but also brings unprecedented value to the table, helping more people turn their dream of owning a home into a reality. Together, we’re creating a future where homebuyers are rewarded for every step they take on the path to homeownership.”
The Bilt Rewards expansion to homeowners highlights its commitment to supporting users at every stage of the housing journey, from renting to building credit and purchasing a home, all while rewarding users.
Learn more about the Bilt Rewards Buy a Home platform here: https://www.biltrewards.com/buy-a-home
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