Metro Credit Union (MCU) has been chosen for participation in the Federal Home Loan Bank of Boston’s Equity Builder Program, a program designed to help local homebuyers cover down-payment and closing costs. The credit union received $110,000 through this initiative, which operates on a first-come, first-served basis. Eligible homebuyers—those earning at or below 80 percent of the area median income who complete a homebuyer counseling program—can receive assistance of up to $11,000, which works alongside Metro’s flexible loan programs and reduced fees.
According to Robert Cashman, President & CEO of Metro Credit Union, “fblikebutton_button”
“We are pleased to be able to offer this assistance to help ease some of the challenges associated with a home purchase. Homeownership is key to building wealth and creating financial stability, and programs that assist homebuyers are a critical component in ensuring that our communities continue to thrive,” said Robert Cashman, President & CEO, Metro Credit Union.
The Equity Builder Program has distributed more than $35 million in EBP funds since 2003, helping 3,150 income-eligible households achieve homeownership.
For more information about applying for assistance, contact a Metro Mortgage Specialist at 877.696.3876 or go to MetroCU.org.
About Metro Credit Union
Metro Credit Union is Massachusetts’s largest state-chartered credit union, with assets exceeding $1.3 billion and membership of more than 170,000. As a growing, federally insured financial institution, it is a leading provider of comprehensive financial services to individuals and businesses living or working in Essex, Middlesex, Suffolk, Norfolk, Plymouth, Barnstable, Bristol or Worcester counties in Eastern Massachusetts, as well as to Massachusetts state employees and retirees statewide. Established in 1926, Metro Credit Union operates as a non-profit cooperative owned by and serving the people who use its products and services. The institution leverages superior customer service and technology to offer a complete range of financial products throughout eastern Massachusetts. Visit www.metrocu.org to learn more.