Warren, OH (June 3, 2025) |
7 17 Credit Union announced today two new initiatives aimed at improving housing access and affordability in the Mahoning Valley, with a specific focus on Warren.
The announcement was made by John Demmler, President and CEO of 7 17 Credit Union and Chair of the Youngstown-Warren Regional Chamber Housing Council. These initiatives are in direct response to recommendations outlined in the Eastgate Council of Regional Governments’ Housing Study, which calls on employers to play a more active role in addressing the region’s housing challenges.
New Mortgage Incentives for 7 17 Credit Union Employees
Effective immediately, 7 17 Credit Union employees will receive enhanced benefits when purchasing a local home through the credit union:
- 1.00% mortgage rate discount for homes purchased anywhere in Trumbull County, where 7 17 has been headquartered since 1957.
- 2.00% mortgage rate discount (down to the Applicable Federal Rate) for employees purchasing a home within the city limits of Warren.
In addition, for employees buying in Warren, 7 17 Credit Union will waive fees for application, loan origination, credit report, processing and documents, appraisal, and title insurance.
“These new incentives reflect our commitment to helping our employees live better financial lives while also investing in the communities we serve,” said Demmler. “We’re proud to lead by example in showing how employers can support housing stability and neighborhood revitalization.”
Fee Waivers for 7 17 Workplace Partner Employees
In a second initiative, 7 17 Credit Union will now offer mortgage fee waivers to all employees of its 1,100+ Workplace Partners across the region. All of the fee waivers for the 7 17 employee Warren purchase program will also apply to the Workplace Partner employee program.
This benefit, which can save borrowers approximately $3,500 on an average $130,000 home purchase, is part of 7 17’s long-standing mission to promote financial wellness and community development.
“I remember buying my first home nearly 30 years ago and being shocked by the thousands of dollars in unexpected bank fees,” Demmler said. “With this program, we’re making homeownership more affordable and accessible — because when we bank with purpose, we can build a stronger community.”
Join the Program
Companies that are not currently Workplace Partners but are interested in learning more about the program are encouraged to contact Dorian Smith, Senior Vice President of Business Development at 7 17 Credit Union at 330/372-8333.