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Meriwest Mortgage CUSO Still Lending to Low Income

Low and moderate income families still have another resource to tap through Meriwest Credit Union's mortgage subsidiary to buy homes at below the normal market rates.

By Michelle A. Samaad | Updated on March 25, 2010

Low and moderate income families still have another resource to tap through Meriwest Credit Union’s mortgage subsidiary to buy homes at below the normal market rates.

The $1.2 billion CU in San Jose, Calif. said since 2008, Meriwest Mortgage has funded more than $18 million in first-time homebuyer loans for 75 families. Originated by the Bay Area Homebuyer Agency, the loans allow qualified families with income below the area median to purchase below market rate homes offered by local municipalities.

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