Petersburg, VA (May 22, 2024) |
Peoples Advantage Federal Credit Union proudly announces the launch of the Peoples Grant, a groundbreaking initiative aimed at assisting first-time homebuyers in realizing their dreams of homeownership. This innovative program is designed to provide essential down payment and closing cost assistance, easing the financial burden associated with purchasing a home.
“The Peoples Grant is a testament to Peoples Advantage Federal Credit Union's unwavering commitment to empowering individuals and families within our community," said Jaclyn Sullivan, Director of Real Estate Lending at Peoples Advantage Federal Credit Union. "We recognize the challenges that many first time homebuyers face in today's competitive real estate market, and we are dedicated to providing meaningful support to help turn their aspirations into reality."
The grant offers eligible individuals and families the opportunity to receive financial assistance towards their down payment and/or closing, helping to bridge the gap between their savings and the upfront costs associated with purchasing a home. By alleviating this financial hurdle, the Peoples Grant aims to make homeownership more accessible and attainable for those who may otherwise struggle to enter the housing market.
"At Peoples Advantage Federal Credit Union, we understand that owning a home is not just about having a place to live; it's about building a foundation for a brighter future," added Amanda Hanbansky, President & CEO of Peoples Advantage Federal Credit Union. "With The Peoples Grant, we are not only providing financial support but also fostering stability, security, and opportunity for individuals and families in our community."
To be eligible for the Peoples Grant, applicants must meet certain criteria, including income thresholds, credit requirements and ERP mapping requirements. Peoples Advantage Federal Credit Union is committed to ensuring that the application process is accessible and transparent, with dedicated support available to guide applicants through every step of the journey.
For more information about The Peoples Grant and how to apply, interested individuals are encouraged to visit www.peoplesadvfcu.org/advantage-home-loan and fill out our prequalification form.