WILMINGTON, Del.–Del-One Federal Credit Union recently partnered with the Federal Home Loan Bank of Pittsburgh to offer members up to $5,000 cash for down payment and closing cost assistance to purchase their first homes.
For every $1 contributed, qualified homebuyers could receive $3 in First Front Door (FFD) grant assistance, up to a maximum of $5,000. Several Del-One members were able to meet the eligibility requirements and take advantage of this amazing opportunity in 2018.
Jacqueline Harris, a first-time home buyer who qualified for the program, was both anxious and excited about this opportunity to purchase her own home.
“Buying a home can seem intimidating, especially with a down payment and closing costs,” said Harris.
She was thankful for the assistance this grant provided. Harris said that even though she is still young and at the beginning of her career, she was still able to take advantage of what this program could offer.
“Although I had money in savings, the $5,000 I received from the grant helped alleviate some of those costs. If it weren’t for the FFD grant, I would not be able to purchase a home as soon as I did.”
Harris was also grateful for the ease of the process, as well as the required first-time home buyer counsellingthat was involved, which “did not take long at all and provided crucial information about the home-buying process”. She also stated she appreciated her “team at Del-One” who “worked with me and made sure to keep communication open throughout the entire process. “If I had a question or concern, I knew I could call or send an email and someone would be more than happy to help me.”
“As part of Del-One’s mission to be a financial partner for life for its member owners, there is no better example than helping a member realize the dream of home ownership,” said Dion Williams, president/CEO of Del-One. “Del-One is proud to work with local realtors and the Federal Home Loan Bank of Pittsburgh in making those dreams a reality for our members.”
First Front Door is an annual grant program and will be available again in 2019.
At right, from left, Del-One’s Director of Mortgage Lending, Todd Smith, and Mortgage Loan Officer Donna Sierra-Frye, Del-One member and grant recipient Jacqueline Harris, and Del-One President/CEO Dion Williams