Union Plus to Offer Grant to Help Offset Costs of Down Payment for Union Members That 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 will begin offering the Union Plus Mortgage Veterans Grant November 1, 2014, 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.
To be eligible for a grant, members must meet the following qualifications:
- Finance the mortgage of their primary residence through the Union Plus Mortgage program on or after November 1, 2014
- Be an active or retired union member of a participating union
- Be a veteran of the Union States Armed Services
The Mortgage Veterans Grant will be live at UnionPlus.org/Mortgage starting November 1.