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
  • 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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*Eligible individuals can receive the Wells Fargo My Mortgage GiftSM promotion in the amount of $500.00 approximately 6 weeks after closing on a new purchase or refinance loan secured by a first mortgage or deed of trust with Wells Fargo Home Mortgage, subject to qualification, approval and closing, when identifying themselves as eligible under the Union Plus Mortgage program. The My Mortgage GiftSM promotion is not available with any Wells Fargo Three-Step Refinance SYSTEM® program, The Relocation Mortgage ProgramSM or the HOME program. Only one award permitted per new loan. This promotion cannot be combined with any other promotion, discount or rebate. This promotion is void where prohibited, transferable, and subject to change or cancellation with no prior notice. Gifts may constitute taxable income. Federal, state and local taxes, and any use of the gift not otherwise specified in the Terms and Conditions provided at receipt of gift are the sole responsibility of the My Mortgage GiftSM recipient. Please see Terms and Conditions document for more information.

Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2013 Wells Fargo Bank, N.A. All rights reserved. NMLSR ID 399801

 

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