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HOPE Program

Nutmeg State Financial Credit Union’s HOPE program provides low income families the opportunity for first time home ownership. Nutmeg is turning hope for a better future into a reality for low income families. We are helping families realize the dream of home ownership while strengthening their financial future. Paying their mortgage provides valuable equity that can lead to financial prosperity. The HOPE program gives everyone the opportunity for a brighter future.

Eligibility* of the HOPE Program:

  • First home purchase
  • Household income must be less than $79,900 annually for dual household borrowers and less than $45,700 annually for single household borrowers***


Great Benefits of the HOPE Program:

  • Waived Private Mortgage Insurance <95%**
  • Waived closing Fees (value estimated up to $4,500)
  • 90 Day deferred first payment (optional)
  • Non-citizens welcome (ITIN)


If you are interested in owning your own home, tired of paying rent money to a landlord and ready to control your own financial destiny then click the button below!

For additional questions, please contact our loan department.

*Terms and conditions apply. APR= Annual Percentage Rate.  Interest rate based on credit score, term and other risk factors. Offer valid for limited time only and cannot be combined with any other offers and is only valid for the life of the loan on qualifying consumer real estate fixed loan applications for single or multifamily owner-occupied properties. Nutmeg State Financial Credit Union reserves the right to discontinue this offer at any time without notice. Offer valid only for first time home buyer purchases for low income families. The qualifying low income threshold for households is less than $79,900.00 in annual income for dual household borrowers or $45,700 in annual income for single household borrowers. Waived closing fees for loan services do not include tax or homeowner insurance payments.

Offer not valid on government loans, commercial loans or adjustable rate first mortgages (ARMs). Mortgage approvals may be based on credit, (LTV) Loan to Value ratio, and other qualifying factors. Optional first payment deferral: Principal principle payments and monthly payments remittance will not be required for the three 3 billing cycles immediately following the loan closing date. Full pre-paid interest must be satisfied at closing through the first payment due date. Applicants that are not non-members of Nutmeg State Financial Credit Union may apply; however, applicants must be eligible for membership and become a member prior to loan closing. Nutmeg State Financial Credit Union NMLS # 637816.  Origination support provided by Mortgage Markets CUSO, LLC NMLS #157939. Nutmeg State Financial Credit Union is federally insured by the National Credit Union Administration.

**Waived PMI with 5% down (95% LTV) for qualified low income families.

***If you do not qualify for the HOPE program because your income is too high, you may still be eligible for a first home mortgage with a 90 day deferred first payment and our great low rates.