SUMTER, S.C. – Saying it is seeking to help South Carolina families priced out of today’s housing market, SAFE Federal Credit Union has introduced a “First Time Home Buyer Plus Program that allows qualifying members to purchase a home with no down payment.”
The program offers 100% financing to qualified SAFE members. In addition, SAFE said will waive the origination fee for those who have not owned a home in the past three years.
“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, in a statement. “That’s why at SAFE, we felt it was important to develop our First Time Homebuyer Plus Program. We understand the challenges facing most first time homebuyers.”
The $1-billion SAFE FCU has more than 126,000 members.