St. Anne's Credit Union Offers Assistance to Homebuyers Through FHLB Boston Program

FALL RIVER, Mass. - March 5, 2019 - PRLog -- St. Anne's Credit Union has been selected to participate in the Federal Home Loan Bank (FHLB) 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-served 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 Carlos DaCunha, Senior Vice President & Chief Lending Officer of St. Anne's Credit Union.

St. Anne's Credit Union 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 Luisa Rochester, Vice President of Residential Lending at 508-324-7332.

About St. Anne's Credit Union
Headquartered in Fall River, MA, with over $960 million in assets and more than 55,000 members, St. Anne's Credit Union of Fall River has been providing financial products and banking services since 1936. St. Anne's Credit Union of Fall River has over 150 employees servicing eight branches including Dartmouth, Fairhaven, Fall River, New Bedford, Somerset, and Swansea. St. Anne's Credit Union was selected for the second year in a row #1 Credit Union by the people of the SouthCoast (Best of the Best-SouthCoast Media Group) and #1 Credit Union in Massachusetts by Banker and Tradesman, as well as one of the leading lenders in Bristol County. For more information, please visit stannes.com, stop by any one of our branches or call 1-877-782-6637.