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 Press Release


Metro Credit Union Offers Affordable Home Ownership Opportunities

First-time homebuyers may qualify for down payment assistance programs

Chelsea, MA – September 14, 2009 – Metro Credit Union is pleased to announce its participation in two new affordable home ownership programs, the MassHousing Tax Credit Loan Program, and the Homebuyer Equity Builder Grant Program.  These down payment assistance programs are designed to help first-time homebuyers in the purchase of their home.

Metro Credit Union was selected by MassHousing to participate in the MassHousing Tax Credit Loan program.  This program allows first-time homebuyers to use the $8,000 federal tax credit as part of their down payment or to cover closing costs, rather than waiting until they file their 2009 taxes.

Metro also has grant money available for first-time homebuyers through the Homebuyer Equity Builder Grant Program.  Homebuyers may be eligible to receive up to $10,000 in a grant towards their home purchase.  This money can be used for a down payment, closing costs or pre-paid mortgage insurance.

With today’s lower home prices and these unique mortgage programs offered through Metro Credit Union, home ownership is more affordable than ever.  For more information about either program, call a Mortgage Specialist today at 877-MY-METRO extension 7589.


About Metro Credit Union

Metro Credit Union is one of the largest credit unions in Massachusetts with over $770 million in assets, and serves over 120,000 members.  Established in 1926 and based in Chelsea, Metro offers superior service and a full range of financial products, including investment and insurance offerings, for consumers and businesses in eastern Massachusetts.  Metro has nine branch offices conveniently located in Burlington, Chelsea, Framingham, Lawrence, Lynn, Peabody, Swampscott, Tewksbury, and a tenth branch soon to open in Boston.  Metro is also a leader in workplace banking, serving over 1,800 companies throughout the state.