American Heritage Credit Union Launches First-Time Homebuyer Programs 2023
American Heritage Credit Union is offering first-time homebuyer programs to help members afford and better navigate the homebuying process. Collectively, American Heritage members can receive up to $5,500 in combined offers through the annual First Front Door grant and American Heritage’s First-Time Homebuyer lender credit. American Heritage will also offer a gift card to first-time homebuyers when purchasing a home through a First Heritage Realty Alliance agent. These programs are designed to give prospective home shoppers a one-stop solution for all their homebuying and financing needs.
First Front Door (FFD) $5,000 Grant:
American Heritage is once again partnering with the Federal Home Loan Bank of Pittsburgh to offer members up to $5,000 in grants through its annual First Front Door program. The program officially opens March 15, 2023, however prospective homeowners may begin applying now for the program simply by completing a mortgage pre-qualification application. These grants are designed to help first-time homebuyers who meet certain income requirements with down payments and closing costs associated with the purchase and financing of a home. For every $1 contributed towards the purchase of a home, qualified homebuyers could receive up to $3 in FFD grant assistance, up to $5,000.
American Heritage First-Time Homebuyer $500 Credit Promotion:
American Heritage Credit Union’s First-Time Homebuyer Credit is a lender credit program for first-time homeowners who fund their mortgage with American Heritage Credit Union. Eligible members can earn up to a $500 lender credit at the time of closing. Available for primary occupancy homes located in Pennsylvania, New Jersey, or Delaware, this program allows first-time homebuyers to utilize their $500 credit in conjunction with other community grant programs such as First Front Door.
Realty Services, Educational Resource, and $250 Gift Card:
Additionally, American Heritage’s realty service, First Heritage Realty Alliance, provides personalized concierge services to prospective home shoppers. American Heritage encourages home shoppers to visit their website to apply for a free pre-qualification, which allows first-time homebuyers to understand their home affordability. Finally, American Heritage offers educational resources on home shopping as well as home financing. American Heritage Credit Union members will also receive a $250 gift card to The Home Depot® when they purchase their first home through a First Heritage Realty Alliance agent.
“We are excited to provide our membership and community with unique educational, home shopping, and financing programs to help fulfil their dreams of home ownership,” stated Bruce K. Foulke, President & CEO of American Heritage. “We know how challenging home affordability is right now, and our mortgage team is excited to once again partner with the Federal Home Loan Bank of Pittsburgh to offer the FFD grant alongside our First-Time Homebuyer Credit promotion to help our members start their home ownership journey on the right foot. Our First Heritage Realty Alliance team is here to provide guidance to our members who are embarking on this home ownership journey for the first time. We are proud to provide all the necessary tools under one roof to help make the homebuying process affordable, personalized, and simple.”
To learn more about first-time homebuying and financing, as well as details on the First Front Door Grant and the First-Time Homebuyer Credit promotion, members and prospective members are encouraged to visit AmericanHeritageCU.org/FTH. American Heritage is an Equal Housing Lender.