Municipal Employees CU here said it has become the first credit union in this market to participate in the Federal Home Loan Bank of Atlanta's Affordable Housing Program for first-time homebuyers. The program helps people with low incomes purchase a first home by providing grants to help with down payments and settlement costs. The program matches every dollar the buyer contributes toward their down payments and closing costs with $3. MECU members can use the program to receive grants up to $3,000. In conjunction, MECU is offering a First Time Homebuyers Mortgage Program with a discounted APR.
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