ALBANY, N.Y.– CAP COM Federal Credit Union has introduced a new Community Heroes Mortgage Program it said is a way to say “thank you” to people who dedicate their lives to others’ well-
being. Program participants receive cash and discount benefits when obtaining a mortgage through CAP COM’s mortgage division, Homeowners Advantage. Benefits are valued at more than $1,000, according to the credit union.
CAP COM FCU said professionals and staff who work in the following fields are eligible to participate in the Community Heroes program:
- Fire and Rescue (paid, volunteer)
- Law Enforcement
- Healthcare
- U.S. Military (active-duty, reserves, veterans
- Education
Community Heroes incentives include a $500 cash deposit (post-closing), complimentary personal real estate attorney representation (estimated value: $500), and a discounted home inspector’s fee (participating provider), CAP COM said.
A Community Hero Advocate Team manages the homebuyer’s mortgage needs.
“Giving back to the local community is one of the core principles of our credit union and the CAP COM Cares Foundation,” said CAP COM EVP and Chief Lending Officer Chris McKenna. “That is why the lending team is excited about bringing the Community Heroes Mortgage Program to life. The work these local heroes perform every day often goes unnoticed. This program is CAP COM’s small way of acknowledging these cornerstones of our community.”
CAP COM also recently introduced a no down-payment mortgage product to assist homebuyers with good credit who are low on cash.
For info on the new program: www.capcomfcu.org/hero