Helping Originate Minority Equity In 2021, GreenState Credit Union began a ten-year initiative to help close Iowa’s racial homeownership gap, the sixth largest in the nation. The progress in our first year inspired us to double the commitment and now we plan to achieve funding over $1 billion in mortgage loans to people of color across the state of Iowa. To make homeownership more attainable, GreenState offers a Special Purpose Credit Program known as H.O.M.E. to those who are eligible. Member Eligibility: • Persons of color – Black or African American, Hispanic or Latino, American Indian, Asian/ Pacific Islander. At least one applicant must identify as a person of color. • Income is restricted to 80% of area median income (AMI) • Subject property must be located in Iowa • Must be first time homebuyer • ITIN holders are eligible GreenState Foundation provides a grant for up to $5,000 that can be used towards down payment, closing costs or prepaids that is subject to borrower qualification. Contact our Mortgage Team at 877-527-3510 for more information. *Approval based on a full application and review of loan to value, debt to income and credit qualification. 21 Program Eligibility: • Purchase only, 1-unit principal residence (including condos, PUDs) • Up to 100% financing that does not require PMI • Borrower must complete homeownership education course prior to closing
22 Publizr Home