Equity Builder Program
Align Credit Union is proud to participate in the Equity Builder Program (EBP), funded by the Federal Home Loan Bank (FHLB). This grant provides income-eligible first-time homebuyers with up to $30,806 in assistance towards their down payment and closing costs, on a first-come, first-served basis. Homebuyer counseling and rehabilitation assistance is available to recipients. The funds do not need to be repaid, as long as you don't sell your home during the first five years of ownership.
Eligibility:
- Assists income-eligible first-time homebuyers with up to $30,806 in down-payment assistance and closing costs.
- Available to households with income at or below 80% of HUD Area Median Income based on property location.
- Purchase property must be an owner-occupied primary residence.
- Recipients must complete homebuyer education/counseling program.
To learn more about the Equity Builder Program, please call our Residential Lending Department at (800) 942-9575 or email us at Originations@AlignCU.com.
Housing Our Workforce Program
The Housing Our Workforce (HOW) Program, funded by the Federal Home Loan Bank (FHLB), provides financial assistance to homebuyers earning more than 80% and up to 120% of the area median income. Eligible borrowers can receive 10% of the home sales price or up to $25,000 in assistance on a first-come, first-served basis. The funds do not need to be repaid, as long as you don't sell your home during the first five years of ownership.
Eligibility:
- Assists eligible homebuyers with 10% of the home sales price or up to $25,000 in down-payment assistance and closing costs.
- Available to households earning more than 80% and up to 120% of HUD Median Income based on property location.
- Purchase property must be an owner-occupied primary residence.
- Recipients who are first-time homebuyers must complete homebuyer education/counseling program.
To learn more about the Housing Our Workforce Program, please call our Residential Lending Department at (800) 942-9575 or email us at Originations@AlignCU.com.
