Westerly Community Credit Union secures $100,000 Grant
The Westerly Community Credit Union has been approved to participate in the Federal Home Loan Bank Equity Builder Program. The $100,000 grant will be used by the Credit Union to help secure home ownership for low to moderate income households. Awards up to $10,000 per eligible family will be available on a first-come, first-served basis until funds are exhausted. Households earning 80% of the area median income are eligible for this program.
In addition, Westerly Community Credit Union is also offering $575 off closing costs, as well as low fixed interest rates for first time borrowers.
Mike Lynch, Westerly Community Credit Union's Vice President of Lending recently stated, "This is an opportunity to help those who may not otherwise have the means to purchase a home and we are excited to be participating in this program."
If you have any questions relating to the Federal Home Loan Bank Equity Builder Program, please call Westerly Community Credit Union today at 401.596.7000.