Polish National Credit Union Offers Mortgage Rate Reduction Program

CHICOPEE — Polish National Credit Union is participating in an FHLBank Boston program designed to make homeownership more affordable for lower-income borrowers.

By participating in the Permanent Rate Buydown program, Polish National Credit Union can reduce the mortgage interest rates paid by borrowers earning up to 80% of area median income by up to 2%. The Permanent Rate Buydown product is available through FHLBank Boston’s Mortgage Partnership Finance program, which purchases fixed-rate residential mortgages from banks and credit unions that are members of FHLBank Boston.

“Because homeownership is a key to financial stability and wealth building, we’re pleased to offer support that brings the dream of owning a home within reach for working individuals and families in our community,” said Tracey Egloff, vice president, Residential Lending at Polish National Credit Union.

To learn more about applying for assistance through this program, call Mortgage Loan Officer Maribel Torres at (413) 333-6203 or Mortgage Loan Officer Christine Gagnon at (413) 887-2015.