information on the program at that site as well as a message from Dan Mica, Credit Union National Association’s president. (CUNA is Credit Union National Association). To quote Mr. Mica, “Owning your own home is part of the American dreThe HPLR mortgage program, available through your credit union, is just one more of the many ways your credit union is serving its members. HPLR stands for Home Loan Payment Relief, and is referred to as the “Helper” Loan program. Once you understand what it actually offers, you’ll see why the name is appropriate. The HPLR program is specifically for those first-time home buyers who are buying a residence they will live in themselves. HLPR loans can be used on single family homes, duplexes, condos, or even co-op properties. These loans are available to families whose median income is less than the median income in the geographic area in which they are buying a home. And sometimes, that limit is extended to a higher level in areas where it’s known to be much more expensive to live.

All the details of this program are available by accessing the link at http://www.cuna.org/initiatives/hlpr/hlpr_borrower.html. There is an extensive amount of information on the program at that site as well as a message from Dan Mica, Credit Union National Association’s president. (CUNA is Credit Union National Association). To quote Mr. Mica, “Owning your own home is part of the American dre

understand what it actually offers, you’ll see why the name is appropriate. The HPLR program is specifically for those first-time home buyers who are buying a residence they will live in themselves. HLPR loans can be used on single family homes, duplexes, condos, or even co-op properties. These loans are available to families whose median income is less than the median income in the geographic area in which they are buying a home. And sometimes, that limit is extended to a higher level in areas where it’s known to be much more expensive to live.

All the details of this program are available by accessing the link at http://www.cuna.org/initiatives/hlpr/hlpr_borrower.html. There is an extensive amount of information on the program at that site as well as a message from Dan Mica, Credit Union National Association’s president. (CUNA is Credit Union National Association). To quote Mr. Mica, “Owning your own home is part of the American dre

homes, duplexes, condos, or even co-op properties. These loans are available to families whose median income is less than the median income in the geographic area in which they are buying a home. And sometimes, that limit is extended to a higher level in areas where it’s known to be much more expensive to live.

All the details of this program are available by accessing the link at http://www.cuna.org/initiatives/hlpr/hlpr_borrower.html. There is an extensive amount of information on the program at that site as well as a message from Dan Mica, Credit Union National Association’s president. (CUNA is Credit Union National Association). To quote Mr. Mica, “Owning your own home is part of the American dre

higher level in areas where it’s known to be much more expensive to live.

All the details of this program are available by accessing the link at http://www.cuna.org/initiatives/hlpr/hlpr_borrower.html. There is an extensive amount of information on the program at that site as well as a message from Dan Mica, Credit Union National Association’s president. (CUNA is Credit Union National Association). To quote Mr. Mica, “Owning your own home is part of the American dre

information on the program at that site as well as a message from Dan Mica, Credit Union National Association’s president. (CUNA is Credit Union National Association). To quote Mr. Mica, “Owning your own home is part of the American dream, and for too many low and moderate income families, it’s becoming increasingly hard to reach. The gap between the incomes of average families and the affordability of a first home is a problem. Credit unions believe the HLPR mortgage is an innovative solution that will narrow the gap.”

As usual, credits unions are living up to their stated purposes in offering these loans. They are aware that many first time home buyers would be priced out of the market today with out a program like HLPR. Using this program, first time home buyers can expect to realize savings of $1000-$2000 a year on their mortgage payments. Larger loans may be offered under a HLPR program than with conventional financing, too. That is, lenders may be willing to lend a larger percentage of the home’s value under the HLPR program.

HLPR loans are three-year adjustable rate mortgages. Generally, first time home buyers are people who will find their incomes also go