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 eligible homebuyers with up to $29,000 in assistance towards your down payment and closing costs, as well as homebuyer counseling and rehabilitation assistance. 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 up to $29,000 in down-payment and closing costs
- Available to households with income at or below 80% of HUD Area Median Income based on property location
- Recipients who are first-time homebuyers 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 local 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-serves basis.
Eligibility:
- Assists eligible homebuyers with 10% of the home sales price up to $25,000 in down-payment and customary closing costs
- Available to households earning more than 80% and up to 120% of HUD Median Income based on property location
- Recipients who are first-time homebuyer 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.
