METAIRIE, La. – The OnPath Foundation, the philanthropic arm of OnPath Credit Union, has launched the “OnPathway to Homeownership First-Time Homebuyer Down Payment Assistance Grant Program.”
Eligible participants may receive up to $5,000 to assist with a down payment, closing costs, or prepaid expenses.
“Homeownership is one of the most powerful tools for building generational wealth and stability,” OnPath Foundation Board President Candace Washington said in a statement. “Through the Pathway to Homeownership program, we’re addressing historic disparities and ensuring more families have the support they need to achieve this life-changing milestone.“
How to Qualify
According to the credit union, to qualify applicants must:
- Be or become a member of OnPath Credit Union
- Finance their mortgage through OnPath Mortgage Solutions
- Have a total household income at or below 120% of the Area Median Income (AMI) for the parish in which the home is being purchased
- Complete an approved First-Time Homebuyer Education Course
‘Huge Difference’
“Not only was the process of buying my home super easy, but I also received the OnPath Foundation First-Time Homebuyer Grant, which made a huge difference,” Jared Perez, OnPath Foundation Pathway to Homeownership grant recipient, said in a statement. “The Mortgage team walked me through every step of the way.”
Added Jay Huffstatler, OnPath Foundation executive director, in a statement, “This grant program reflects our commitment to economic empowerment. By helping first-time homebuyers clear the financial hurdles at closing, we’re not just helping people buy homes – we’re helping them build a future.”
