How NewDay USA Makes Homeownership Accessible to Its Young Employees

A lot of young people assume buying a home is something that has to wait, if it happens at all. At NewDay USA, it tends to happen early. The average age of a first-time homebuyer on the NewDay USA team is 26.5. The company gives its employees the financial knowledge and tools to make homeownership real, often while they are still in their twenties.

From First Job to First Home

NewDay USA teaches employees the financial fundamentals that most people pick up the hard way: how credit reports and FICO scores work, what happens during an appraisal and a loan application, and how to manage debt along the way. Team members also learn to make the most of their benefits to maximize savings, backed by a competitive retirement plan and performance-based bonuses. The same know-how the company uses to serve Veterans becomes a personal advantage for the people who work there.

As Chief Revenue Officer Franco Greco told Employee Benefit News, "When you start to understand the process, you don't necessarily think it's as hard as it sounds." The payoff compounds over time. "Giving employees a background of financial security by owning their own home promotes the building of more wealth and saving money in a really big way," Greco said.

Buying Young, Building Wealth

That education translates directly into ownership. At 26.5, the typical first-time buyer at NewDay USA is well below the national median age for first-time buyers reported by the National Association of Realtors. Greco bought his own first home at 23, and colleagues have done the same, some to start families, others to split a mortgage with roommates.

He is candid that the process intimidates most people. "Home buying in general is a pretty scary transaction," he told Employee Benefit News. "It's such a big life decision, one most people can only make two or three times in their lifetime, and NewDay has been very successful in helping employees through it."

The advantage lasts well beyond move-in day. "Those employees have not only seen success inside of our business, but have had a smoother 20s and early 30s because they already have a home," Greco said. "They're saving, they're building for retirement and they can go and make other important decisions without stress."

An Investment That Goes Both Ways

For Greco, putting homeownership within reach is also how NewDay USA earns lasting loyalty from its team, and he encourages other leaders to invest the same way in their own people.

"Whenever you can give someone that type of security that they can make their own, you're forever connected to that person and they're connected to you and your company," Greco said.
Start Your Career, Start Your Future
At NewDay USA, the work of helping Veterans achieve homeownership runs on the same belief the company applies to its own team: the right knowledge changes what is possible. If you want a career that helps you build real financial security, explore open roles at NewDay USA.