The Homebuyer Dream ProgramTM offers many benefits to first time homebuyers. Participants may receive a grant of $10,000* for down payment and/or closing costs. Funding is available on a first come first serve basis. 

Requirements include:
  • Be considered a first time homebuyer.
  • Have total household income that is less than the income limitations.
  • Have $1,000 of your own funds to use towards the purchase of the home, and
  • Complete an acceptable homebuyer counseling program.

To prepare for the launch, Empower Mortgage Department staff will begin meeting with members by phone on April 1, 2021.
Please contact the credit union after that date.

In addition to the Homebuyer Dream ProgramTM, Empower has additional mortgage options.

Our First Time Homebuyer Program offers:
  • Low down payment options
  • Gifts, grants and other approved funding sources may be used for closing costs
*Members must meet qualification requirements and be a first-time homebuyer. $9,500 for down payment and/or closing costs and $500 towards the defrayment of homeownership counseling costs.

HDP funds are distributed on a first come first serve basis. There is no guarantee that funds will be available when your Reservation Request is submitted.  The grant is a Federal Home Loan Bank of NY program.

Membership eligibility required. Loan approval based on creditworthiness. NMLS #412348​

What do you want out of life?

Empower Federal Credit Union welcomes employees of many companies, immediate family/household members of employees and retirees, as well as our outreach to underserved communities to enjoy personal and business banking solutions including auto loans, mortgages*, credit cards and more. Bank online, in any central NY branch, or call us at 315.477.2200.

* Home mortgages available in FL, PA, CT, NY and NC.