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PORTLAND, Ore. – One year after partnering with Fannie Mae to offer a Community Mortgage Program that provides first time borrowers and underserved communities with flexible and affordable housing opportunities, Pacific NW FCU has exceeded its original commitment by $200,000. During their first year with the program, PNWFCU funded $700,000 in loans – they had committed to $500,000. PNWFCU Mortgage Specialist Wade McCarthy said, “It has always been our goal to be the financial partner for life for all our members. By adding expanded lending solutions such as Fannie Mae’s My Community products, the credit union has been able to help more people achieve the goal and realize the benefits of homeownership. PNWFCU’s Community Mortgage Program increases mortgage options to people who have limited savings for a down payment or closing costs; those who don’t have a traditional credit history but can show other ways of demonstrating good credit habits; and people who receive rent payments from boarders or income from government benefits or other sources. PNWFCU has $127 million in assets and more than 15,000 members.

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