Leominster Credit Union has dedicated the month of May as Homebuyers’ month. Throughout the month, LCU will provide home buying information, tips, special offers, and events.
“Area realtors tell us they are seeing an uptick in activity in the local real estate market,” commented John O’Brien, LCU’s Senior Vice President of Lending. “We felt this would be a great time to provide helpful information, as well as opportunities for down payment and closing cost assistance and credits. Many people had been waiting out the slow economy to buy a home. Now, with rates still very low and inventory dropping, home buyers are back, both first-time buyers as well as those looking to up or downsize.”
Included in the activities planned for the month will be daily home-buying tips on Facebook and a first-time homebuyers’ seminar featuring a team of experts including a realtor, home inspector, mortgage specialist and attorney who will walk attendees through the home buying process. Attendees will also have the opportunity to apply to get pre-qualified on-site. The seminar will be held on Wednesday, May 22 from 6-8 pm at LCU’s branch on 137 Shrewsbury Street in Worcester. Registration is required by calling 978-466-7244 or email to firstname.lastname@example.org.
LCU is also using this campaign to let first-time homebuyers know that they can apply for up to $15,000 in down payment and closing cost assistance, subject to credit approval. The funds are made available through a $150,000 grant from the FHLB Equity Builders Program. To qualify you must be a first-time homebuyer who meets income eligibility guidelines. The assistance will be available until the grant funds have been depleted.
Full details about all the events, information and assistance programs can be found on www.lcu4homes.com