Press

Leominster Credit Union receives a $150,000 grant to assist first time homebuyers.

LEOMINSTER, MA (March 19, 2014) — Leominster Credit Union announces that for the third year in a row, they will be providing assistance to first-time homebuyers  through a $150,000 grant from the Federal Home Loan Bank’s Equity Builder Program. Eligible homebuyers can receive up to $15,000 in down payment and closing cost assistance.

To qualify, buyers must meet the Equity Builder Program qualifications criteria, which include income limits. According to Heather Dumais, AVP Real Estate Lending, “The income limit for a family of four in Worcester County is $63,900, which is less restrictive than many would expect.”

“For many first time buyers, this assistance can mean the difference of fulfilling their dream of homeownership,” said Dumais.

Income limits vary from county to county. For more information and eligibility guidelines, call and speak with a mortgage specialist at 800-649-4646. The funds will be available starting in late March and will be distributed until the grant is depleted.

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 50,000 members and more than $600 million in assets. LCU has seven branch locations in Leominster, Worcester, Clinton, Holden, Sterling and North Leominster with ATM services at all branch locations. 24-hour online banking services are available at www.leominstercu.com and by telephone at 800-649-4646.

---