Ballston Bancorp : BSNB Introduces New Homebuyer Assistance Program
November 21, 2023 at 11:27 am EST
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For Immediate Release
Contact: Susan Slovic, BSNB, 518-363-8628,susan.slovic@bsnb.com
Date: November 21, 2023
Press Release
Ballston Spa National Bank Announces Grant Program to Assist Homebuyers
Qualified borrowers may receive $5,000 towards down payment and closing costs
(BALLSTON SPA, N.Y.) - Ballston Spa National Bank (BSNB), introduced today a new Homebuyer Assistance Program designed to help greater numbers of families achieve the dream of home ownership. BSNB's grant provides a lender credit of $5,000 that eligible borrowers may use towards non-recurring closing costs or to supplement a down payment.
"This grant will make homeownership more affordable for families," said Christopher R. Dowd, BSNB president and CEO. "I'm confident that our experienced mortgage loan originators can offer guidance and support throughout the mortgage process."
To qualify, a potential homebuyer must meet the following criteria:
Home must be located in Albany, Schenectady, or Saratoga County within New York State.
Household income may not exceed $62,860.
Buyer must complete a homebuyer education course prior to applying for the grant.
Interested homebuyers need to act quickly as there are a limited number of grants available. Grants will be offered on a first-come,first-served basis until 12/31/23 or until the funds are depleted.
To learn more, borrowers are urged to contact a BSNB mortgage loan originator.
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ABOUT BALLSTON SPA NATIONAL BANK
BSNB is a locally focused relationship-driven community bank invested in making a difference not only for customers but our community as a whole. Through a combination of personal service and high tech convenience, BSNB offers a wide range of financial products and services to individuals, families, municipalities, nonprofits and businesses throughout New York's greater Capital Region. Find out more about BSNB's offerings here. To become part of BSNB's online community, please visit us on Facebook,Twitter,and LinkedIn. NMLS Company ID - 414706
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Ballston Spa Bancorp Inc. published this content on 21 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2023 16:25:15 UTC.
Ballston Spa Bancorp, Inc. is a financial holding company. The Company operates, through its banking subsidiary, Ballston Spa National Bank (the Bank). The Bank is a community-based commercial bank and provides a range of banking, financing, fiduciary, brokerage and other financial services to corporate, municipal, and individual customers. The Bank offers checking accounts, savings and money market accounts, health savings account, certificates of deposits (CDs) and individual retirement accounts (IRAs), relationship banking, debit card, gift/travel card and perk programs. It also offers business checking accounts, commercial loans, small business loans, business credit cards, treasury management, and online and mobile banking. The Bank operates approximately 13 branches.
BALLSTON SPA BANCORP, INC. 
