Grants Available At ECCU For First-Time Homebuyers

First-time homebuyers may be eligible for up to $5,000 in grant money from the Michigan State Housing Development Authority’s Homebuyer Assistance Grant Program. The state of Michigan has earmarked $15 million in grant money to support first-time homebuyers on a first come, first serve basis. The program allows qualifying ECCU members up to $3,000 assistance for non-military borrowers and up to $5,000 for active and veteran military borrowers who are looking to purchase a single family/one-unit owner occupied primary residence.

“This is a great opportunity for first-time homebuyers who qualify to apply for grant money without repayment obligations,” says ECCU Loan Origination Supervisor, Gina Chiechi. “Our mortgage department is available to answer questions and help interested ECCU members fill out the required paperwork to determine eligibility.”

Grant assistance cannot exceed 25% of the purchase price of the home and no repayment is required from the borrower.

ECCU approved $99 million in mortgages in 2012. “Many of the people that I talk to, not only like our rates, they also love the fact that their mortgage service stays local,” explains Chiechi. “Our members are comforted that they can come to any of our branches to ask about their mortgage and to know that their mortgage won’t be sold somewhere else down the road.”

More details and remaining funds can be found on the Michigan State Housing Development Authority’s website:,4641,7-141–291018–,00.html. For more information, please contact our loan department at 800.442.7340 or visit our website at to see a full list of mortgage programs including ECCU’s fixed rate 10 and 15 year mortgages. ECCU is an Equal Housing Lender.

Established in 1935, the credit union exceeds $382 million in assets and provides a full-range of financial products and services to more than 35,000 members throughout 21 counties in Michigan. Visit to learn for yourself why ECCU just feels right, and ECCU members feel right at home.

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