• FIRST CITIZENS’ FEDERAL CREDIT UNION OFFERS ASSISTANCE TO HOMEBUYERS THROUGH FHLBANK BOSTON PROGRAM

    FOR IMMEDIATE RELEASE    
         
         
    February, 27, 2019 — First Citizens’ Federal Credit Union has been selected to participate in the Federal Home Loan Bank of Boston’s Equity Builder Program, which assists local homebuyers with down-payment and closing costs as well as homebuyer counseling and rehabilitation assistance.
     
    The $3.6 million program provides grants to financial institutions to assist households at or below 80 percent of the area median income. Borrowers are eligible to receive up to $15,000 in assistance on a first come first serve basis. Buyers must also complete a homebuyer counseling program.
     
    “Homeownership is not easily attainable for many households, so we are pleased to offer this assistance to help individuals and families purchase a home. Homeownership helps build wealth and create financial stability, and programs that assist homebuyers can be effective in adding to the vibrancy of our communities,” said Patrick Neenan, VP/ Real Estate Lending of First Citizens’.
     
    First Citizens’ is eligible to receive up to $150,000 in 2019 through the Equity Builder Program depending on availability of funds.
     
    Since 2003, the Equity Builder Program has awarded more than $38.8 million in EBP funds assisting 3,512 income-eligible households to purchase a home.
     
    To learn more about applying for assistance, please contact one of our knowledgeable lenders by visiting  
    https://www.firstcitizens.org/loans/personal/mortgage.
     
    About First Citizens’
    First Citizens' Federal Credit Union is one of the premier financial institutions in southeastern Massachusetts.  Today, with over 80,000 members and assets over $730 million, First Citizens' has full service offices in New Bedford, Raynham, Taunton, Mattapoisett, Wareham, Falmouth, Mashpee, Hyannis, Orleans and a lending office in Plymouth, MA.  For more information, visit www.firstcitizens.org.
     
    About FHLBank Boston
    The Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing finance in the six New England states. Its mission is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. The Bank also develops and delivers competitively priced financial products, services, and expertise that support housing finance, community development, and economic growth, including programs targeted to lower-income households.
     
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