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 learn more about the Homebuyer Dream ProgramTM, and the $10,000 grant* visit the Homebuyer Dream ProgramTM website.

To prepare for the launch, Empower Mortgage Department staff will begin meeting with members by phone on May 1, 2020.

If you are interested in participating please contact us at 315.477.2200, Options 3-1. Your name will be placed in a queuing system and you will be contacted in the order that we received your call. Please Note: Due to COVID-19 requirements, response time may take several business days and may come from a private number. 

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.

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 current Homebuyer Dream ProgramTM funding period is scheduled to launch June 1, 2020. Additional funing periods are scheduled to launch July 1, 2020, August 3, 2020, and September 1, 2020. The grant is a Federal Home Loan Bank of NY program. Membership eligibility required. Loan approval based on creditworthiness. NMLS #412348‚Äč


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.