BECU grant program

BECU is offering a new grant program for first-time home buyers.

  • Monday, February 12, 2018 4:10pm
  • Life

The following is a press release from BECU.

Recognizing that homeownership helps lead to more financial security, BECU, Washington’s largest community credit union, announced a new program designed to help qualified first-time homebuyers with the down payment toward a new home.

BECU’s First-Time Homebuyer Grant program rewards eligible members with grant funds of up to 2 percent (up to $6,500) toward the down payment or closing costs on their first home.

“Purchasing your first home is not only a major milestone, it can help lead to a more financially stable future,” said Scott Strand, BECU’s senior vice president of Lending and Wealth Management. “Our goal with this program is simple: to help more people become homeowners. Many of our members are qualified homebuyers, but they simply need help clearing the hurdle of a down payment.”

The credit union has allocated $1 million in grant funds for the program this year, which are available on a first-come, first-served basis. Each grant recipient must apply, qualify for and close on their new home using a BECU conventional fixed or adjustable-rate loan, up to $453,100.

Interested homeowners can visit BECU.org to learn more about the program, review eligibility criteria and apply, or to schedule an appointment with a BECU mortgage advisor. Online articles and webinars to educate members on all aspects of home ownership are also available on BECU.org.

Buying a Home with BECU

As a member-owned credit union, BECU is committed to helping its members save time, stress and money through the home buying process:

  • Personal Mortgage Advisors: Members work with a dedicated mortgage advisor to help them through the entire process.
  • Fewer Fees: No origination fee on conventional fixed-rate or adjustable-rate mortgage home loans, which can significantly reduce closing costs.
  • Real Estate Services Program: BECU members are connected with a member advocate, who works with them to determine what they are looking for in a home, then puts them in touch with a real estate agent who’s an expert on the local market.
  • MLS Access: Through a new partnership with Prime Alliance Real Estate Services (PARES), members can now search for their dream home in Western Washington and Spokane on an easy-to-use MLS Search platform linked from BECU.org.
[flipp]

More in Life

Rep. Joe Fitzgibbon and Page Carson Foster. Photo credit Washington State Legislative Support Services
Carson Foster serves as page in Washington State House

The following was submitted to the Reporter: Carson Foster, a student at… Continue reading

Matt Kidd. Submitted photo
True strength has no limits

Covington resident Matt Kidd shares his story about kidney disease to help others during National Kidney Month.

Submitted photos from Kela Hall
Inspiring young women

The KD Hall Foundation honored Women’s History Month by having empowering and… Continue reading

Two commissioner positions available this year

For The Reporter The Tukwila Pool Metropolitan Park District (TPMPD) is a… Continue reading

Photo courtesy Tukwila Police Department’s
                                Facebook page
Tukwila Fire raises more than $8,000 for the LLS Stairclimb

The crew climbed up 69 flights of stairs at the Columbia Tower in Seattle.

Troop 398 newest Eagle Scout presentation

The Tukwila Historical Society is pleased to announce our volunteer and Tukwila… Continue reading

Submitted photo from the Seattle Seahawks
Seahawks Tre Flowers visits Tyee

He went there to present a $10,000 grant to the school

Measles outbreak: Officials urge vaccinations

Editor’s note: Measles is highly contagious. If you think you or your… Continue reading

The Tukwila Historical Society has been the location for the Japanese Sister City Gift Exchange Exhibit for the past several years. The city of Tukwila had many of the artifacts in storage and by joint effort it was decided to place the items in the museum for all to enjoy. For a viewing of the exhibit, please feel free to contact the Tukwila Historical Society to arrange a visit. Photo by Louise Jones-Brown
Japanese influence in the Duwamish Valley

In 1907, prior to Tukwila’s incorporation, the T.S. Unos family arrived from… Continue reading

For whodunit lovers, this short story is a gleefully-dark delight

Growing older is a very good thing. First of all, there’s a… Continue reading

Winter safety tips

The Washington State Fire Marshal’s Office give safety tips about the winter weather.

Search no more, you’ll want to read ‘Hero Dogs’

You felt like such a loser. It was a feeling that didn’t… Continue reading