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FAQ

What is Foyer?

Foyer is a savings platform created specifically for aspiring homebuyers. Our platform brings together a competitive 4.05% APY⁹ with potential state tax savings as well as rewards for contributions to accelerate your homebuying process.

A Foyer account can help you qualify for certain FHSA benefits in your state.¹⁰

Does Foyer have an app I can put on my phone?

We are actively working on releasing native apps for both iOS and Android. We expect they'll be live sometime in early 2024.

How do I close my account?

You can close your account by contacting us via email at support@foyersavings.com.

How does Foyer help me qualify for tax savings?

While we can help you maximize your home buying potential regardless of where you live, First Time Homebuyer Savings Accounts (FHSAs) with tax benefits are currently only available in Alabama, Colorado, Iowa, Michigan, Minnesota, Mississippi, Missouri, Montana, Oregon, and Virginia.

‍What if I don’t live in those states?

‍That’s cool, too! You can still open a Foyer account and earn rewards for every dollar saved.⁸ Plus, many states offer a network of grants created specifically for first time homebuyers for up to $10,000.¹⁰

How does the Foyer Match work?

Saving for a home has never been easier. Foyer will match 1% of your deposits⁸, up to the first $20,000 of deposits each year. In order to withdraw your Foyer Match, you must purchase a home with a real estate agent or mortgage lender of your choice.

What can my Foyer account be used for?

Your Foyer account can be used for anything related to the homebuying process including your down payment, closing costs, inspection and maintenance fees, etc. Remember, you can withdraw your deposits anytime.

Can Foyer help me find a real estate agent?

Yes! Foyer members have access to a network of trusted national and local real estate providers at a discount who are eager to assist when you’re ready to buy. Foyer provides this as a benefit to account holders, no obligation to transact necessary.

What else can Foyer help me with?

Think of Foyer as your entryway into homeownership: we’re here to help with everything up until your move-in date. When you sign up for Foyer, we’ll create a customized savings plan for you. Additionally, we offer homebuyer education, tools and can be considered a First Time Homebuyer Savings Account.

What is a First Time Homebuyer Savings Account?

First Time Homebuyer Savings Accounts (FHSA) are accounts that are designed for first time homebuyers. They are used to save for expenses related to a future home purchase such as a home down payment and closing costs. FHSA's may also qualify for certain advantages depending on your state!¹⁰

I still have questions. Is there someone I can talk to?

Absolutely, you can reach out to hello@foyersavings.com with questions. We’re here to help!

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