BELLEVUE, OH (August 1, 2024) |
In conjunction with the Ohio Treasurer’s office, Firelands Federal Credit Union (Firelands FCU) is now offering Ohio Homebuyer Plus, a savings plan for Ohioans!
Ohio Homebuyer Plus makes specialized, tax-advantaged savings accounts available to Ohioans to assist them on their homebuying journey. Individuals who open an account through this program will have access to above
market interest rates that will help them to save and grow their money faster.
With an Ohio Homebuyer Plus account through Firelands FCU, members receive a savings rate of 7.25% APY, an opening deposit match up to $250 after 90 days, and a $500 closing cost credit when purchasing a home with a Firelands FCU mortgage. Details can be found at www.firelandsfcu.org/ohio-homebuyers-plus.
To qualify for enhanced interest savings through an Ohio Homebuyer Plus account, an eligible account holder must:
- be a resident of the State of Ohio
- be at least 18 years of age
- have a primary residence in the State of Ohio
- only use the account proceeds toward the down payment or closing costs of a home purchase in Ohio
Accounts connected with Ohio Homebuyer Plus must be used within five years, maintain a minimum balance of at least $100, and cannot exceed a maximum balance of $100,000.
"This savings account is a game-changer for our community," said Angela Grimmer, Firelands FCU Vice President of Mortgage Lending. "With top interest rates and added incentives, we're making homeownership more attainable and are helping more families make the Firelands region their home."
