WESTERLY, R.I.– Westerly Community Credit Union has launched a new fixed-rate mortgage program for first-time homebuyers called “Welcome Home.”
The program requires just 1% down and there is no private mortgage insurance (PMI) or points added to the mortgage.
“Given the affordable housing challenges faced by many in the communities we serve, we are offering this new program in an effort to help first-time homebuyers fulfill their dream of homeownership,” said President and CEO Stephen White.
The $476.4-million Westerly Community CU has more than 23,000 members.
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