Service Credit Union partners with NH Housing to make homeownership more accessible
PORTSMOUTH, NH (March 25, 2024) — Service Credit Union is excited to announce it has teamed up with the New Hampshire Housing Finance Authority (NHHFA) to make homeownership more affordable and accessible.
Through NHHFA’s Home First and Home First Plus Programs, qualified homebuyers can apply to receive benefits such as down payment assistance of up to $10,000, as well as closing cost help and reduced mortgage insurance assistance. By applying for a mortgage with Service Credit Union, prospective homebuyers who meet NHAA’s assistance requirements will be able to access some or all of these benefits.
To qualify for this program, applicants must have a maximum household income of $169,900 and must purchase a single-family home in New Hampshire that will be their primary, owner-occupied residence.
“The partnership with NHHFA fits perfectly with our efforts to help solve the housing affordability crisis in NH. The lack of a down payment is the biggest barrier to homeownership and the NH Housing grants go a long way toward addressing that issue,” said Rob Derrickson, Senior Manager of Real Estate Origination at Service Credit Union.
For more information on this program, visit servicecu.org/home-first.
About Service Credit Union
Service Credit Union is dedicated to providing a banking experience that improves our members’ lives and the communities in which they live. Established in 1957 to provide affordable credit to the Pease Air Force Base community, and now the largest credit union in New Hampshire, with over $5 billion in assets and 50 branch locations in the New England Region and Germany, we continue to provide a better future to our members all over the world. To learn more about Service Credit Union, please visit www.servicecu.org.
