Helping Hand Mortgage Program for Community Support Workers to Provide Down Payments and Closing-Cost Assistance.

One good turn deserves another. It’s the philosophy behind the Helping Hand Homeownership Program developed by UVA Community Credit Union. The credit union supports individuals who make their living serving others in the community by providing matching funds for the down payment on a home mortgage and assistance for closing costs.

“People often make a financial sacrifice when choosing a career in public service, and this sometimes puts homeownership out of reach,” says Alison DeTuncq, credit union president/CEO. “The Helping Hand Homeownership Program is a way of closing that gap. It gives us the opportunity to thank these public-spirited people for their service, while strengthening their ties to the communities they serve. By supporting them, we all benefit.”

Under the Helping Hand Homeownership Program, veterans and active duty servicemen and servicewomen are eligible for as much as $10,000 in assistance, while current and retired law enforcement officers, educators, healthcare workers, firefighters, and other first responders may receive up to $7,500—as long as they are first-time homebuyers (they have not purchased a home within the last three years).

The credit union has extended the program to additional first-time homebuyers who may receive up to $5,000. To qualify, applicants must finance their home with the credit union’s mortgage division, Member Options, and household income must be less than or equal to 80% of the county area median income or state median family income, adjusted for family size.

“We believe that a large number of people in our community could qualify for this program,” says Tom Lincoln, the credit union’s vice president of lending. “We urge people in public service to contact the credit union at 434-964-2001 or visit our Helping Hand Homeownership page and find out how we can be of service to them!”