Attractive mortgage terms draw first-time home buyers to credit unions
Article from Washington Post:

Teller Tranese Waugh helps a customer at Navy Federal Credit Union. (Jeffrey MacMillan/For The Washington Post )

April 17

Want to buy your first home with little or nothing down and maybe get a refund on part of your realty agent’s commission?

Here’s one way: Consider joining a credit union that is aggressively growing its mortgage business. Credit unions have been expanding their presence in housing — more than quadrupling their share of total mortgage market volume in the past nine years, according to the National Association of Federal Credit Unions — by offering deals you can’t find at most banks.

Case in point: Navy Federal, the country’s largest credit union with $ 64 billion in assets, closed more than $ 1 billion in home purchase loans in March alone. That’s big. But what’s really extraordinary: Fifty-nine percent of the loans went to first-time buyers, and two-thirds of those first-timers were from a demographic slice that has been missing in action for years: borrowers ages 18 to 34. The historical norm for first-time-buyer participation in the home-pu…………………continues on Washington Post
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Homebuyer fair til 2 p.m. at Albany Public Library
Article from Albany Times Union:

ALBANY — The 2015 Capital Region Homebuyer Fair takes place until to 2 pm at the Albany Public Library, 161 Washington Ave. The free event aims to connect potential home buyers with resources to help them achieve the goal of homeownership.

Lenders, attorneys, home inspectors, nonprofit housing groups, grant programs and real estate agencies will have information booths. There will be an opportunity for on-site prequalification for mortgage financing. Educational seminars will be held to help homebuyers build a great credit (10:30 am) score, learn about down payment programs (11:30 am) and save money and the environment through energy efficiency programs (12:30 pm)

Executive Director of the Affordable Housing Partnership’s Albany Times Union
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