Align Credit Union offering downpayment assistance to first-time homebuyers
Awarded $110,000 grant by Federal Home Loan Bank of Boston
LOWELL, MA (April 18, 2017) — Align Credit Union has been awarded a $110,000 grant by the Federal Home Loan Bank of Boston for the purpose of helping local first-time homebuyers with the downpayment and closing costs on a first home.
Qualified applicants are eligible to receive up to $11,000. To qualify, applicants must be first-time homebuyers and meet the low-to-moderate income requirement. Recipients must have a signed Purchase and Sales Agreement to reserve the funds and must complete homebuyer counseling. Funds are limited and available on a first-come, first-served basis. Interested parties are encouraged to contact Align’s Home Financing Consultants at (800) 942-9575 or homeloans@AlignCU.com as soon as possible to find out if they qualify.
“Buying a first home is one of the most significant milestones in person’s life,” said Align President and CEO, Ken Del Rossi. “From offering free homebuying workshops and credit building seminars to offering this downpayment assistance program, Align can help make it happen.”
About Align Credit Union
Since 1922, Align Credit Union has provided customized banking solutions to individuals and families throughout Massachusetts and Southern New Hampshire. Align offers a full suite of products and services including Personal and Business Banking, Mortgages, Financial Planning and Insurance. Founded as the Northern Massachusetts Telephone Workers Credit Union (NMTW), the Credit Union changed its name to Align in 2013. Membership is open to anyone who lives, works, or attends school in many communities throughout Massachusetts and New Hampshire. For additional information, stop by one of eight branches in Amesbury, Danvers, Framingham, Haverhill, Lowell, Methuen, Seabrook, and Wilmington or visit www.AlignCU.com.