A New Path for Families Planning to Buy a Home
For thousands of families, buying a home can be financially challenging with a limited supply of affordable homes. To meet that moment, a community-focused non-profit lending institution in northern New York, and Framework Homeownership, a leading online homebuyer education and financial health platform, have partnered to help members make informed financial decisions at every step of the homeownership journey and streamline the affordable home loan process.
Through this partnership, Northern Credit Union members can use Framework to:
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Earn their homebuyer education certificate of completion, which is accepted by thousands of down payment programs, like the Federal Home Loan Bank of New York’s Homebuyer Dream Program
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Take a self-paced, online course to understand the steps to buy and own a home
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Scramble for one less document, with automatic delivery of the education certificate of completion to their lending team
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Receive ongoing post-purchase guidance and support to make homeownership more sustainable for the long-term
Why This Partnership Works for Credit Unions
Since 1955, Northern Credit Union has focused on serving the best interests of its neighbors across Northern New York, and today that support extends to over 40,000 members.
For many Northern Credit Union (NCU) members, buying a home in rural New York can be challenging, with a limited supply of affordably priced homes. NCU already helps members through that hurdle with down payment assistance programs like the Federal Home Loan Bank of New York’s Homebuyer Dream Program®, and other local down-payment assistance programs. By partnering with Framework, an approved homebuyer education provider of the Homebuyer Dream Program, Northern Credit Union is making sure all members feel fully prepared walking into homeownership and connected to support, whether they’re dreaming of buying a home, preparing for the closing table, or looking to replace an HVAC system.
With Framework, Northern Credit Union’s lending team now gets automatic homebuyer education certificate delivery and real-time visibility into members’ progress via the platform’s partner portal. For first-time homebuyers participating in programs like the Homebuyer Dream Program, where funding is first-come, first-served, getting prepared, feeling confident, understanding the closing process, and getting all the required paperwork in order can be the difference between getting down payment assistance, delaying a closing date, or completely putting off a purchase.
