Union Plus Announces New Program (11/4)


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Union Plus, part of the AFL-CIO, has issued the following news release:


Union Plus Introduces Mortgage Veterans Grant

To Help Union Members Who Served


The American dream of homeownership is far too often out of reach, especially for those who make significant sacrifices to protect our country. Union Plus wants to make the dream of homeownership a reality for hard-working union members who have served in our armed forces.


Union Plus now offers the new Union Plus Mortgage Veterans Grant to provide qualified union member veterans with a $1,000 grant that never needs to be repaid to help offset the costs of a down payment.


Only 33 percent of veterans report looking for a home within the first year of their return from active duty, citing the high cost of home prices and the inability to come up with a down payment as reasons that deter them. Union Plus wants to make sure that veterans that have joined a union after their service time receive help in making their dream of homeownership a reality.


“There are over two million union veterans in this country; they give so much and their families deserve to live in a great home,” Leslie Tolf, president of Union Plus, said. “The Union Plus Mortgage Veterans Grant of $1,000 will help them continue to be part of the middle class and live in a secure house.”


To be eligible for a grant, members must meet the following qualifications:


-- Finance their mortgage of their primary residence through the Union Plus Mortgage program on or after November 1


-- Be an active or retired union member of a participating union (the SIU is a participant)


-- Be a veteran of the United States Armed Services


Applications must be submitted within 90 days of closing on a mortgage. Limited funds are available and will be awarded in the order eligible applications are received.


The Union Plus Mortgage program, with financing provided by Wells Fargo Home Mortgage, has provided $43.6 billion in mortgages to help more than 200,000 union members and their families buy or refinance a home. It is packed with unique benefits tailored to meet the needs of active or retired union members, as well as their parents and children. Union members who are first-time buyers even have the opportunity to receive a $500 First-Time Home Award from Union Plus.


Some of the other benefits of the Union Plus Mortgage program include:


  • Hardship Assistance – Union Plus Mortgage Assistance helps members and their families who are unemployed, recently disabled, on strike, or locked out make their mortgage payments with interest-free loans and grants. Mortgage Assistance has provided almost $10 million to help members keep their loans current and stay in their homes.


  • Award Card – Union members and their families may receive a $500 Wells Fargo My Mortgage GiftSM award card after closing on a purchase or refinance loan.


  • Incentive for First-Time Home Buyers – Union members who are first-time buyers can apply for a $500 First-Time Home Award from Union Plus. Active or retired union members who used the Union Plus Mortgage program to purchase their first home are eligible to apply. They simply need to fill out an application and provide a short, written description of their Union Plus Mortgage program experience and why home ownership matters.


To learn more about the Union Plus Mortgage program and the new Mortgage Veterans Grant, please visit UnionPlus.org/Mortgage


Your union and Union Plus are looking out for you. To find out more about all the benefits and discounts for which you’re eligible, please visit UnionPlus.org


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