News and Information

All One Credit Union announces that for the seventh year in a row, they will be providing up to $110,000 in assistance to first-time homebuyers and displaced homemakers through the Federal Home Loan Bank’s Equity Builder Program. Eligible homebuyers can receive up to $11,000 in down payment and closing cost assistance. This program is on a first come, first serve basis.

To qualify, buyers are subject to credit approval and must meet the Equity Builder Program qualifications criteria, which include income limits. According to Julie Bergstrand, Real Estate Underwriting Manager, “The maximum income limit for a family of four in Worcester is $68,650.00, which is less restrictive than many would expect.”

“For many first time buyers, this assistance can make a difference in fulfilling their dream of homeownership,” said Bergstrand.

Income limits vary from county to county. For more information and eligibility guidelines, call and speak with a mortgage specialist at 978-466-7233. The funds will be distributed until the grant is depleted.

 

 

All One Credit Union is hosting free first time homebuyers’ seminars each Wednesday from April 25 through May 23. The seminars will be held in Clinton, Holden, Worcester, and Leominster. Seminar details and registration can be found at Leominstercu.com/home-seminars/

A team of real estate experts including a realtor, attorney and financing professionals will present the program. Topics will include: Are you ready to buy a home; Finding Your Dream Home; Obtaining Financing; and the Closing Process. Attendees will learn about the costs associated with homeownership; how your credit affects your options; making an offer and negotiating the price; the inspection process; and closing.

“The process of buying your first home can be daunting.  Making the right choices can help set you up for the rest of your life,” said Lydia Vazquez, Assistant Vice President, Real Estate Lending. “The seminars will help break down the entire process.  Our goal is to enable the attendees to be well prepared; to have realistic expectations and to avoid costly mistakes.”

Seating is limited and registration is required.

The First Time Homebuyers’ Seminars are part of LCU’s May is Homebuyers’ Month which includes home-buying tips on facebook, special offers and contests.

LEOMINSTER, MA, March 26, 2018 – All One Credit Union is joining with credit unions throughout Massachusetts to collect new and gently used books during the month of April in association with the Cooperative Credit Union Association Annual Book Drive. The books will be donated to local organizations providing an educational resource for many children. Books may be dropped off at any All One Credit Union Office by April 27, 2018. For more information contact Kathy Hurley at 978-466-7242 or khurley@all-onecu.com.