PRESS RELEASE
For immediate release:
April 12, 2013
 
Contact:         Elizabeth Stodolski
                        (603) 629-1430
                        estodolski@stmarysbank.com

St. Mary's Bank Offers Funds to help Eligible Home Buyers Cover Down Payments, Closing Costs and More

MANCHESTER, NH - April 12, 2013 -  St. Mary’s Bank will be providing income-eligible households with funds to cover down payments and closing costs.
 
The nation’s first credit union has been approved for up to $150,000 in funding from the Federal Home Loan Bank’s Equity Builder program (EBP). The funds can also be used for homebuyer counseling and rehabilitation assistance.
 
“With up to $15,000 available per household, this program will make a real difference to families who need help with a down payment on a first home, or an individual who needs financial counseling when buying a new home,” says Karen Mayrand, St. Mary’s Bank Director of Residential Lending.
 
The EBP provides funds to St. Mary’s Bank and other members to assist households with incomes at or below 80 percent of the area median income. Borrowers must meet program guidelines. Available on a first come, first served basis while funds remain available.


About St. Mary’s Bank
Founded in Manchester, New Hampshire in 1908, St. Mary’s Bank is the first credit union in the nation. It makes progressive financial products and services available and affordable to consumers and businesses. Members enjoy excellent service, competitive rates, low fees and state-of-the-art banking services. Headquartered in Manchester, New Hampshire, St. Mary’s Bank has branches in Manchester, Hudson, Londonderry, Milford and Nashua. Call 1-888-786-2791 or visit www.stmarysbank.com for more information.