MECU In Affordable Home Plan
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.