URBANA, Ill.— University of Illinois Community Credit Union has introduced a 0% down payment mortgage program.
The credit union said the program is designed to make home ownership more accessible for members, as it will “alleviate concerns about the upfront costs and enable more members to move forward with their dream of owning a home.”
It added the downpayment required is a “significant hurdle” for many.
According to UICCU, the program is ideal for first-time home buyers or those with limited savings.
‘Who We Are’
“#DoMoreGood is our rally cry and motivation behind everything we do,” the credit union said in a statement. “It’s the actions our team members take every day. It’s the true passion we have for doing the right thing and not being afraid to give second chances. It’s consistently showing up for our members, each other and our community when they need us most. #DoMoreGood is who we are.”