Bellwether Community Credit Union

Act Now! Housing Grant Funds Available on First-Come, First-Served Basis

Bellwether Community Credit Union has been selected to participate in the Federal Home Loan Bank of Boston’s (FHLBank Boston) Equity Builder Program,* which assists local homebuyers with down-payment and closing costs as well as homebuyer counseling and rehabilitation assistance.

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Equity Builder Program Grant Funds Are Available First-Come, First-Served

Assists eligible homebuyers with up to $29,000 in down-payment and closing costs
Available to households with incomes at or below 80% of HUD Area Median Income based on property location
Recipients who are first-time homebuyers must complete homebuyer education/counseling program

Housing Our Workforce Grant Funds Available First-Come, First Served

Assists eligible home buyers with 10% of the home sales price or up to $25,000 in down-payment and customary closing costs
Available to households earning more than 80% and up to 120% of HUD area median income based on property location
Recipients who are first-time homebuyers must complete homebuyer education/counseling program

Meet the Bellwether Mortgage Team

Bellwether's Mortgage Loan Officers Julia Forbes and Justin MacDonald bring years of experience and understanding to the table as they assist you on the journey to homeownership. Get to know them a little more by clicking below.

Meet the Team

*Grant is provided by the Federal Home Loan Bank of Boston through their Equity Builder Program. Interest would not accrue on the grant and the proceeds would only be due if the property is sold within the first five years of home ownership. May not be combined with any other type of down payment programs. Buyers eligible to receive assistance through the EBP are individuals and households earning no more than 80 percent of the area median income, based on their future address. To be eligible to receive assistance through the EBP, buyers must complete education/counseling through an approved agency, the education component may be completed online through either Framework or eHomeAmerica, but only through the Bank’s list of recognized agencies via CHAPA, HUD or NISHECThe program must include pre-and post-purchase counseling. Subject to credit approval and restrictions may apply.

Testimonials

"I would highly recommend Bellwether to all of my family and friends. Working with Bellwether made being a first time home buyer a smooth and easy process – they were always available for any of my questions and went above and beyond to make sure I had everything I needed throughout the process."

- Justine

"They gave me the mortgage rate that was advertised on the website with no surprise points, fees or charges. I was able to close on time and with no hiccups from Bellwether Community Credit Union."

- Greg R.

"Bellwether is always available for any questions or concerns from start to finish. Highly recommended. I even had my son reach out."

- Robert D.

"I've been a member of BCCU for 10 years. And have always had positive experiences."

- Eliot D.

"Have had an account for a very long time. Love doing most of my banking and bill paying online."

- Lilian C.

FAQs

How are interest rates determined?

Interest rates are influenced by the financial markets and can change daily – or multiple times within the same day. The changes are based on many different economic indicators in the financial markets.

How much do I need for a down payment?

There are many different programs available to you. Our conventional mortgage loan programs require a minimum of 5% down with closing costs and pre-paid items. We also offer programs for eligible applications to pay only 3% down. Schedule an appointment with us for more information.

What are closing costs, and how much will they be?

Closing costs will vary by state, property type, and credit. Included in the cost are taxes and government fees, legal services, fees to the lender for processing, and other fees. The borrower must also pay for certain pre-paid items such as daily interest and homeowner’s insurance.

What is the difference between pre-qualification and pre-approval?

Mortgage loan borrowers apply for pre-qualification while they are searching for a home. Pre-qualification allows you and sellers to estimate how much you can afford.