DUBUQUE, Iowa — Dupaco Community Credit Union was recognized by the Iowa Finance Authority as the No. 1 eastern Iowa-based FirstHome lender, and number six in the state, in the 2007 FirstHome program.
Dupaco is one of more than 400 lenders in Iowa who offer the first-time homeownership programs called FirstHome and FirstHome Plus. Dupaco made 113 FirstHome loans totaling $10.4 million in 2007. As a result, Dupaco earned IFA's Top Credit Union award.
"Dupaco was founded on the principle of promoting thrift, and we realize that homeownership is one of the most effective methods of creating wealth for families," said Dennis Beadle, Dupaco Community Credit Union vice president of mortgage lending. "Being the top credit union and No. 1 individual lender in the state of Iowa for this program speaks volumes about our commitment to helping low- and moderate-income first-time homebuyers."
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FirstHome is an affordable mortgage-financing program for qualified homebuyers in Iowa. IFA issues tax-exempt mortgage revenue bonds to fund the program. The mortgage loans are provided through participating lenders throughout the state. In 2007, a record 3,485 Iowans purchased their homes using FirstHome.
For more information, visit www.dupaco.com.
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