Free homebuyers seminar
LEOMINSTER, MA (October 8, 2015) — Leominster Credit Union is holding a free homebuyers’ seminar on Wednesday, October 21 at LCU headquarters in Leominster. The seminar will address the specific needs of prospective homebuyers who either have a lack of credit or have had past credit issues. Experts in all areas of budgeting, credit, mortgage, and legal will be present to help attendees. Participants will learn to create a budget, address their credit issues, and determine the steps needed for home ownership.
According to Matt Dufault, AVP of Mortgage Origination at LCU, “Situations such as a job loss, bankruptcy, foreclosure, divorce, or illness can ruin your credit and your ability to buy a home. These situations have become prevalent due to the economic conditions over the past several years. We’ve seen a number of applicants who once had an excellent credit rating who have found themselves in the unfamiliar position of struggling to get approved for a mortgage loan because of an unusual circumstance or one-time event.”
Dufault also stated, “There was a time when a foreclosure or other similar circumstance meant a person would not be able to obtain financing for several years. LCU recently developed the Fresh Start Mortgage Program designed for people who are getting back on their feet following a negative financial event.”
LCU has programs available for not only for first time home buyers, but any buyer who needs helps getting mortgage-ready. Borrowers may be able to qualify for a mortgage much sooner than expected.
Lydia Vazquez-Long, AVP of Residential Lending added, “LCU looks beyond just a credit score. We take the time to listen to the circumstances that caused the event and help loan officers guide applicants on the path towards homeownership. At Leominster Credit Union, you are not just a number, you’re somebody”
To register for this seminar click here.
About Leominster Credit Union
Founded in 1954, Leominster Credit Union (LCU) is a member-owned, not-for-profit financial cooperative with a full range of deposit, lending, and other financial services. Headquartered in Leominster, Massachusetts, LCU is proud to claim nearly 40,000 members and more than $800 million in assets. LCU has seven branch locations in Leominster, Clinton, Holden, North Leominster, Sterling and Worcester with ATM services at all branch locations. LCU also provides 24-hour banking via Mobile and Online services. Visit leominstercu.com or call 800-649-4646.