SOMERVILLE, Mass.– Naveo Credit Union hosted Hops & Homebuyers, a first time homebuyer workshop at Aeronaut Brewing Co., one of its member businesses and neighbors. The workshop garnered attention from many non-members, allowing Naveo to meet new people, educate them on what a credit union is and how to prepare them for buying their first home with the help of a local financial institution.
This was the second time Naveo hosted Hops & Homebuyers and it proved to be successful once again with nearly double to number of attendees compared to the first session, the credit union said.
Naveo hosts monthly first time homebuyer workshops, but partnered with Aeronaut to offer the community a unique and casual, yet educational workshop experience outside of the Credit Union. Aeronaut, which is down the street from Naveo’s Somerville branch, was a perfect venue fit.
Attendees were treated to a glass of Aeronaut beer as well as pizza during the workshop. The workshop location and style drew in many millennials, a demographic that is booming in the Somerville and Cambridge area.
The workshop serves as an informative session where attendees, regardless of their readiness to buy, can learn about preparing for a mortgage, the application process as well as saving for a down payment, reducing debt and learning about the local real estate market. Attendees were presented with a coupon for $500 off closing costs applicable for mortgage applications received within a year of the workshop date, the credit union said.
“Our partnership with Aeronaut allows us the opportunity to provide these valuable workshops in a more relaxed and friendly environment that promotes better interaction,” said Rui F. Domingos, CEO of Naveo CU. “I was impressed with the number of attendees and their genuine interest in learning about the process of buying their first home. I also enjoyed the opportunity to have conversations with members in our community and listen to their needs and let them know that Naveo is a financial institution focused on the financial well being of our neighbors.”