WCCU Joins RI AnchorHome to Expand Affordable Homeownership for Rhode Islanders

Westerly Community Credit Union (WCCU) is proud to partner with the Office of the General Treasurer and become a participating lender of the RI AnchorHome loan program. Through this partnership, WCCU is providing first-time buyers with an affordable path to homeownership, making it more attainable to purchase their first home in a difficult housing market.

RI AnchorHome allows qualifying first-time homebuyers access to a mortgage through WCCU, with up to 100% financing, a significantly lower interest rate, and no private mortgage insurance (PMI). The program also offers down-payment and closing-cost assistance programs, helping address some of the biggest financial barriers facing first-time buyers.

“At WCCU, our core mission has always been to empower our members and strengthen the communities we serve,” said Andrew Rogers, President and CEO of Westerly Community Credit Union. “Homeownership creates long-term stability and financial security, yet rising costs have made it increasingly difficult for many families to buy their first home. By partnering with the General Treasurer’s Office on the RI AnchorHome program, we are breaking down those financial barriers and providing safe, affordable, and accessible paths to homeownership right here in Rhode Island.”

“RI AnchorHome is about creating a pathway to homeownership and generational wealth for more Rhode Islanders. We are grateful to Westerly Community Credit Union for their partnership and commitment to helping first-time homebuyers turn the dream of owning a home into a reality", said Rhode Island General Treasurer James A. Diossa. "By working together with trusted financial institutions across our state, we are helping to close that gap and give first-time buyers a real opportunity to build equity, establish roots, and create long-term financial security right here in Rhode Island.”

RI AnchorHome launched in December 2025 and has already helped over 60 Rhode Island families purchase their first home, representing more than $21 million in mortgages. It is available to eligible first-time homebuyers purchasing a primary residence in Rhode Island. The maximum loan amount is $525,000 for a single-family home and $575,000 for a two-family home, and homeownership counseling is required.

To learn more about RI AnchorHome, the requirements or to purchase your first home, visit your local WCCU branch or contact with our mortgage team today at www.westerlyccu.com/Anchor.

About Westerly Community Credit Union:

Established in 1948, Westerly Community Credit Union is a local, full–service financial institution that currently serves over 22,000 members with lending and deposit products through convenient locations in Westerly, Richmond, Wakefield, Coventry, and online at www.westerlyccu.com. Recent WCCU awards: #1 for Best Credit Union, #2 Best Financial Planning Services by the Westerly Sun’s 2025 Community Choice Awards and #1 for Best Credit Union by Southern RI Newspapers 2025 Community Choice Awards; Southern RI 2023 Chamber Choice Awards “Spreadin’ the Love Giving Back Award”, as well as PBN’s Best Places to Work ( 2022, 2023, 2024, 2025 and 2026) and PBN’s Fastest Growing Companies (2024, 2025 and 2026); 5-Star BauerFinancial Rating 2026. Care you can bank on.