Home$tart program "a generous surprise"
posted on Monday, August 8, 2016 in Affordable Housing
With three locations, First National Bank Minnesota has used the Home$tart program to provide down payment assistance to new and existing customers alike.
“Home$tart has been a tremendous help to us,” said Russell Blaschko, vice president of Mortgage Lending at First National Bank Minnesota. “We use it exclusively for down payment assistance, and it has given us the opportunity to make a positive impact in the communities we support.”
First National Bank Minnesota markets the program through notices with realtors and lets them refer it to their buyers.
“We enjoy it,” Blaschko said. “Having $250,000 available was “a generous surprise, and it helps bring in a lot of business for us.”
In addition to making area realtors aware of the available funds, First National Bank Minnesota has also successfully marketed their use of the Home$tart program through statement stuffers and direct mailers.
Learn how your institution can benefit from using the Home$tart program.