Welcome to the only Harvard-sponsored home buying service
The Real Estate Advantage Program (REAP) offers the following home-buying benefits to all Harvard faculty, staff, students, and alumni – including those in Harvard-affiliated hospitals.
Through Harvard University
- Education about the market and the home-buying process through our free seminars and webinars.
- Harvard’s advocacy and support through the entire process.
Through Our Preferred Mortgage Lenders
- One-on-one service to help you find the right loan.
- A variety of loan options – including first-time buyers, physicians, conventional loans, jumbo mortgages, and more.
- Reduced rates and/or closing costs.
Through our partner, Coldwell Banker Residential Brokerage
- Personalized counseling to help you navigate the competitive real estate market and assignment to an appropriate real estate agent.
- A cash rebate (see amounts below) after closing (If you contact an agent directly before going through the REAP sign-up and assignment process, you may not be eligible for the cash back program.)
- Register online or call 800-396-0960 to get started.
Cash rebate Amounts
| Purchase/Sale Price | Your Cash Bonus |
|---|---|
| $ 50,000- 99,999 | $330 |
| $100,000-199,999 | $440 |
| $200,000-299,999 | $687 |
| $300,000-399,999 | $962 |
| $400,000-499,999 | $1,237 |
| $500,000-599,999 | $1,512 |
| $600,000-699,999 | $1,787 |
| $700,000-799,999 | $2,062 |
| $800,000-899,999 | $2,337 |
| $900,000-999,999 | $2,612 |
| $1,000,000 and up | Bonus increases by $275 for each additional $100,000. |
| Restrictions apply in some states. | |
Important: Do not contact a real estate agent before registering for this program or you may not be eligible to receive the benefits.
*The cash back benefit is funded by a referral fee negotiated by the University with Coldwell Banker. The portion of the referral fee given back to Harvard is split approximately 50/50 between the Harvard employee and the Faculty Real Estate Services department, which manages the Real Estate Advantage Program for the University.