Search
 

CDC FCU Fulfilling Dreams of Moderate Income First-Time Homebuyers

For many first-time homebuyers of moderate income their "dream home" is more often a pipe dream.

By Staff Writer | Updated on February 27, 2007

ATLANTA — For many first-time homebuyers of moderate income their “dream home” is more often a pipe dream.

That was until CDC Federal Credit Union and the Georgia Department of Community Affairs joined to make first-time homebuyers’ dreams come true by offering the Georgia Dream Homeownership Program, which has targeted borrowers with moderate incomes and modest assets throughout the state. Benefits include the availability of a 100%, 30-year fixed-rate purchase money mortgage at a below market rate, no prepayment penalty and an assumable loan feature that allows the member to pass along the terms to a new buyer at the time of sale.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.