Latest news with #717CreditUnion
Yahoo
7 days ago
- Business
- Yahoo
Local credit union launches home buying discount
WARREN, Ohio (WKBN) – 7 17 Credit Union, headquartered in Warren, has launched another affordable housing program in the form of discounts for employees and partner businesses. The credit union announced Tuesday that it is offering mortgage rate discounts and waiving origination and other loan fees for those affiliated with 7 17. Different offers are being made available to 7 17 employees and also to employees of partner businesses. Current 7 17 Credit Union employees can receive a 1% mortgage rate discount for a home purchase anywhere in Trumbull County and a 2% rate discount for a home purchased specifically in the city of Warren. In addition, for employees buying in Warren, 7 17 Credit Union will waive fees for application, loan origination, credit report, processing and documents, appraisal, and title insurance. 7 17 Workplace Partners can also receive the same mortgage fee waivers as those buying in the city of Warren. The savings could amount to about $3,500 on the purchase of a $130,000 home. Credit union leaders said they adopted the programs in response to recommendations from the Eastgate Council of Regional Government's Housing Study, which called on employers to play a more active role in addressing the region's housing challenges. In May, the City of Youngstown teamed up with 717 Credit Union to tackle affordable housing. The two-pronged program offers grants and loans to qualifying homeowners up to $10,000 at a 1% interest rate for exterior improvements like painting, window replacements and siding. It also provides help for landlords of up to $50,000 to get their properties up to code. 717 says they expect the Youngstown Affordable Loan program to begin sometime this summer. Jon Rudder contributed to this report Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
07-05-2025
- Business
- Yahoo
Applications open for new loan program to help homebuyers
YOUNGSTOWN, Ohio (WKBN) — The City of Youngstown is teaming up with 717 Credit Union to tackle affordable housing as part of a multimillion-dollar push to make buying a house more accessible. Last month, the city of Youngstown opened up its application process for its residential property improvement programs. 'It's not just a housing shortage, it's a quality affordable housing shortage,' said John Demmler, president and CEO of 717 Credit Union. The two-pronged program offers grants and loans to qualifying homeowners up to $10,000 at a 1% interest rate for exterior improvements like painting, window replacements and siding. It also provides help for landlords of up to $50,000 to get their properties up to code. 'One of the things that is a challenge with housing, and it's not just here in Youngstown, is the cost of construction of new homes. So we're working to bring down the cost of construction throughout the entire process,' Demmler said. That's where a new layer builds on the program's foundation, utilizing $8 million in ARPA funds to help buyers actually purchase homes, creating special financial incentives where buyers can get a 2 percent off-market rate on loans and closing costs waived. 'We try to look at different barriers to homeownership and then try to remove those barriers. Oftentimes, closing costs are a barrier, so we remove that. The high interest rates is a barrier, so we remove that as well,' Demmler said. 717 is also looking at giving home buyers the option to purchase modular homes, which also helps drive down construction costs. 'A two-bedroom roughly around $100,000. At the end of the day, all expenses in, we want to be less than $500 a month in a mortgage payment,' said Demmler. 717 says they expect the Youngstown Affordable Loan program to begin sometime his summer. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to
Yahoo
06-05-2025
- Business
- Yahoo
Scrappers announce new partnership with 717 Credit Union
NILES, Ohio (WKBN) — The Mahoning Valley Scrappers announced a new partnership with 717 Credit Union Tuesday, becoming the official credit union and banking partner of the local baseball club. 717 will offer giveaways and special saving opportunities for fans, like a loan discount to anyone who brings in a ticket stub from a Scrappers win. The partnership also includes a Mahoning Valley Scrappers Credit card. With every swipe, the credit union will donate 7.17 cents to the Scrappers for special programming 'We're very fortunate here in this market to have tremendous support, and with a lot of the programs that 717 is doing with this partnership, is going to benefit the community as a whole — not just from attending Scrappers games — but the financial literacy programs that are a part of this partnership,' said Mahoning Valley Scrappers Executive Vice President Jordan Taylor. 717 is also bringing back the Dollar Dog Club, where kids will get free tickets to Scrappers games, and every time the Scrappers hit a grand slam, kids get free ice cream. The credit union is also hosting its second annual Financial Wellness Night at the Ballpark on July 17. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to
Yahoo
18-04-2025
- Business
- Yahoo
Youngstown opens applications to property improvement programs
YOUNGSTOWN, Ohio (WKBN) — The City of Youngstown has officially opened up the process for applications for its Residential Property Improvement Programs. The programs, in partnership with 7 17 Credit Union, were announced in December, but the city has not opened up the program until now. Applications are now being accepted for the Residential Facade Loan, Residential Facade Grant Program, and Landlord Loan Program, according to a news release from the city. The initiative is supported by $5 million in funds from the American Rescue Plan Act andwill assist homeowners in improving the exterior of their homes and allow landlords to update their properties. Interested homeowners and landlords can view qualification details on 7 17's website and apply directly through 7 17 Credit Union. 'Finding affordable pathways for homeowners and improving our neighborhoods are priorities of my administration, and with the help of 7 17 Credit Union, we are seeing plans become reality,' said Youngstown Mayor Jamael Tito Brown in a news release. 'The Façade Loan and Grant Programs not only serve as a critical vehicle for so many in our city to make needed improvements to their homes and increase the value in their homes, but it's a step toward enhancing the perception of our neighborhoods and giving residents a level of pride.' The Residential Loan and Grant Program offers qualifying homeowners low-interest loans of upto $10,000 at a 1% interest rate for five years, or a dollar-for-dollar match up to $10,000. Thesefunds can be used for exterior improvements such as painting, window replacements, siding, andrepairs to sidewalks, driveways, steps and garages. The Landlord Loan Program allows eligible landlords to apply for a five-year, 2% interest loanfor each repaired or renovated property. Each property cannot exceed $50,000, and landlords applying for multiple properties cannot exceed $100,000 total. Projects using funds from the loan must address any current City of Youngstown code violations, if applicable. The Residential Property Improvement Programs are part of the city's broader $13 million housing initiative being administered by 7 17 Credit Union that is aimed at improving housing across the city, offering affordable financing options to homeowners and landlords for property improvements and developments. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
