Building Stronger NYC Communities, One Home at a Time
Introducing the $20,000 Grant
Our First-Time Homebuyer Program at LES People’s FCU is designed to assist individuals in achieving homeownership by providing access to mortgages and grant support.
Eligible first-time buyers can receive up to 20% of the loan amount (maximum $20,000) to assist with down payment and/or closing costs.
- ✔️ Up to $20,000 Grant
- ✔️ Use for Down Payment or Closing Costs
- ✔️ Access to Mortgage Support
- ✔️ Only 3% Minimum Down Payment Required
Applicants Must:
- ✔️ Be a member of LES People’s FCU with savings and checking accounts
- ✔️ Meet the loan eligibility requirements for current underwriting policies
- ✔️ Request down payment and/or closing cost assistance
Borrowers must contribute a minimum 3% down payment toward their home purchase. Percentage may vary depending on property type. Other terms and conditions may apply.
Membership at LES People's FCU is required by opening a Shared Savings account at or prior to loan opening. Not a Member Yet? Become a Member.
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Contact one of our Member Service Representatives if you have additional questions at (212) 529-8197 or by emailing lespfcu@lespfcu.org.