With many South Carolina families priced out of today’s housing market, SAFE Federal Credit Union has introduced their First Time Home Buyer Plus Program that allows qualifying members to purchase a home with no down payment.
“Nearly 70% of Americans have less than $1,000 dollars in savings, meaning most cannot afford a down payment or closing costs when it’s time to purchase their first home,” said Steve Heinemann, AVP of Mortgage Services. “That’s why at SAFE, we felt it was important to develop our First Time Homebuyer Plus Program.”
The program offers 100% financing to qualified SAFE members. In addition, SAFE will waive the origination fee for those who have not owned a home in the past 3 years.
“We understand the challenges facing most first time homebuyers,” said Heinemann. “SAFE is here to help our members achieve their goal of homeownership even if they have limited funds for down payment and closing costs.”
This program joins SAFE’s existing mortgage offerings including Residential First Mortgages, Freedom Low Cost Refinances, Home Equity Loans, and more.
About SAFE Federal Credit Union
SAFE Federal Credit Union, founded in 1955, is the one of the largest financial institutions based in South Carolina with over $1 billion in total assets, 126,000 members, and 17 branches. Membership is open to anyone who lives, works, worships, or goes to school in Sumter, Lee, Kershaw, Clarendon, and Florence counties, as well as parts of Richland, and Lexington counties. Membership is also open to employees of more than 500 companies located throughout the Midlands and relatives of those eligible to join. Connect with us at www.SAFEfed.org, on Facebook.com/SAFEfederalcreditunion or @SAFEFCU