TruWest Credit Union Helps First Time Home Buyers
April 21, 2016
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TruWest Credit Union
TruWest is a cooperative providing trusted financial solutions and services, so members can achieve their goals.
TEMPE, AZ (April 18, 2016) In keeping with the tradition of "people helping people," TruWest� Credit Union is offering down payment assistance for low-to-middle income first-time homebuyers. TruWest received an additional $500,000 to support the "Workforce Initiative Subsidy for Homeownership (WISH)" grant program, through the Federal Home Loan Bank of San Francisco. The funds will assist TruWest members in Arizona and Texas who qualify for the program, and open escrow on a home purchase between April 1, 2016 and March 31, 2017.
Through the WISH program, TruWest will contribute $3 for every $1 the eligible homebuyer allocates toward his or her down payment, up to $15,000. Funds are available on a first-come, first-serve basis through March 31, 2017, or until the funds have been distributed.
"With the WISH Program, we will help make home ownership a reality for at least 33 families this year alone," says Lance Levin, Vice President of Mortgages. "This really highlights the TruWest Credit Union mission of providing solutions to help people achieve their financial goals."
Since 2013, TruWest has contributed $716,604 in down payment assistance, helping 48 families dreams of home ownership come true. TruWest Credit Union is one of only a handful of financial institutions in Arizona and the only financial institution in Texas to participate in the WISH program.
To be eligible for the WISH program, some restrictions apply for buyers, such as individuals must be first-time homebuyers and meet certain income qualifications. Click here to learn more about the WISH Program.