Meriwest CU Partners For First-Time HomeBuyers Program

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SAN JOSE, Calif. - (03/14/05) -- Meriwest CU said its MeriwestMortgage CUSO has joined with the California Housing Finance Agencyto offer first-time home buyers below market mortgages, lowerclosing costs and possible financing subsidies in one of thenation's most expensive housing markets. The assistance will beoffered to first-time home buyers who meet the income and salesprice limits for the county in which they purchase a home. Mortgageloans in this super-heated housing market are generallynon-conforming with secondary market standards because they exceedthe loan limit set by Fannie Mae and Freddie Mac.

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