Meriwest Mortgage Opens Doors Twenty loans closed in housing program
Meriwest Credit Union
Community Relations Manager
Direct Line: 408-365-6328
SAN JOSE, CA – October 11, 2011– Meriwest Mortgage, a subsidiary of Meriwest Credit Union of San Jose, was recently awarded by the Housing Endowment and Regional Trust of San Mateo County (The HEART of San Mateo) for closing the 20th loan for the Opening Doors Homeownership Program. Opening Doors is a downpayment assistance program designed to help those who live outside of San Mateo County but work in the county move closer to their work. The program provides a low cost second mortgage with a conforming first mortgage loan to keep the buyer’s interest expenses minimal. The award was personally presented by San Mateo County Supervisor, Rose Jacobs Gibson and accepted by John Souza, Senior Loan Consultant for Meriwest Mortgage and Greg Meyer, Community Relations Manager for Meriwest Credit Union.
“We appreciate this recognition and thank the HEART Board for assisting us in creating a homebuyer program that helps so many families,” said Greg Meyer, Community Relations Manager for Meriwest Credit Union. “Opening Doors is not only a loan program, it makes a difference in each homebuyer’s carbon footprint. It is brings these families closer to their work, thus they are using less fossil fuels each day. These are ‘Green’ loans.”
Photo Caption: San Mateo County Supervisor, Rose Jacobs Gibson presents the award to Greg Meyer, Community Relations Manager for Meriwest Credit Union and John Souza, Senior Loan Consultant for Meriwest Mortgage .
About Meriwest Credit Union
Meriwest Credit Union, one of Silicon Valley’s largest and established financial institutions, has been providing proactive, personal, convenient and innovative financial services to over 85,000 businesses and families throughout the San Francisco Bay Area and Tucson, Arizona, for more than 50 years. More information can be found at www.meriwest.com.
HEART’s mission is to raise funds from public and private sources to meet critical housing needs. HEART brings new resources into the community to meet those needs. A collaborative, public/private venture, HEART is structured as a joint powers authority (JPA). Currently, 19 cities plus San Mateo County participate as members. The board of directors consists of 11 elected officials and 9 members of the private sector. To date, HEART has invested a total of $5.25 million in four developments, providing 487 new affordable homes for seniors and working families. More information is available at www.heartofsmc.org.