COLUMBUS, Ohio (January 18, 2024) - Telhio Credit Union has partnered with State of Ohio Treasurer Robert Sprague's office to make homeownership more accessible and affordable for Ohio residents through the Ohio Homebuyer Plus Program. The program launched this month, and Ohioans can now participate in the program through Telhio.
Ohio Homebuyer Plus offers above-market interest rates to Ohioans who deposit money at a participating bank or credit union. Specifically, Telhio Credit Union is offering a savings rate of 6.75% APY, with an extra offer of $1,500 closing cost credit for program participants who purchase a home with a mortgage from Telhio. Details can be found at www.telhio.org/homebuyer-plus.
"We are thrilled to offer the Ohio Homebuyer Plus Savings, reinforcing our dedication to supporting our community's homeownership goals," said Telhio Credit Union President Derrick Bailey. "Helping to alleviate some of the costs associated with the home buying process helps make the dream of homeownership a reality for more Ohio residents and underscores our commitment to delivering exceptional service to members for the last 90 years."
To qualify for enhanced interest savings through an Ohio Homebuyer Plus account, an eligible accountholder must:
· Be an Ohio resident at least 18 years of age;
· Have a primary residence in the State of Ohio; and
· Only use the account proceeds toward the down payment or closing costs of a primary residence purchased in Ohio.
· Use the account within five years, maintain a minimum balance of at least $100, and cannot exceed a maximum balance of $100,000.
Telhio Credit Union has an experienced team of personal banking and mortgage professionals ready to provide personalized service. With a diverse range of checking, savings and mortgage products, Telhio ensures customers have options that suit their needs.
About Telhio Credit Union
As Ohio's top SBA (Small Business Administration) lending credit union, Telhio serves more than 68,000 individuals, families and businesses across central and southwestern Ohio with the newest innovative financial technology, while providing personalized service for each member. Founded in 1934, and owned and governed by its members, Telhio's core values of caring, commitment and integrity guide each action and decision the credit union makes. Telhio offers 12 branching offices in Ohio and nearly 4,000 shared branching locations nationwide. Telhio is open to anyone who lives, works, worships, or goes to school in central and southwestern Ohio and participates in the highest level of combined federal and private share savings insurance available, insuring deposit accounts up to $500,000. (Federally insured by NCUA. Additional coverage up to $250,000 provided to consumer account holders by Excess Share Insurance Corporation, a licensed insurance company.)
MEDIA CONTACT: Angela Krile, Krile Communications, 740-974-3948, angela@krilecommunications.com
