Home Loan Assistance Program

Launch CU is proud to offer a home loan assistance program to help those in our local community become homeowners. This exclusive home loan program from Launch Credit Union provides funding up to $15,000 and is open to the following:

• First time home buyers
• Community Partners (including current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders; veterans and active-duty members of the military or their surviving spouse)

Funds can be used for:

• Reducing principal
• Assisting in down payments and closing costs.

First Time Home Buyers Assistance Program

Launch CU is proud to offer a first-time home buyer program to assist you in purchasing your first home. With Launch CU’s First Time Home Buyer Assistance Program, you can get up to $12,500 towards your down payment or closing costs or utilize the funds to reduce your principal. 

First-Time Home Buyer Requirements

To qualify for Launch CU’s First-Time Home Buyer Program, you must meet the definition of a first-time home buyer as defined by HUD HOC,* and meet income requirements.**

• You have had no ownership in a principal residence during the 3-year period ending on the date of the property purchase.
• You are a single parent who has only owned a home with a former spouse while married.
• You are a displaced homemaker who has only owned a home with a former spouse.
• You have only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations.
• You have only owned a property that was not in compliance with state, local, or model building codes and which cannot be brought into compliance for less than the cost of construction a permanent structure.

Questions about Launch CU’s First Time Home Buyer Assistance Program? Give us a call at 321-456-5439 to speak with a helpful Home Loan Specialist. 

Community Partners Home Loan Assistance Program

Launch CU acknowledges the importance of our community partners. That’s why we offer a special Community Partners Home Loan Assistance Program. With this program, community partners can receive up to $15,000 towards their down payment, closing costs, or principal reduction. 

• Educators
• First Responders
• Healthcare Workers
• Military

Educator Eligibility Requirements

To qualify for the Community Partners Home Loan Assistance Program, an educator must meet income requirements** and one or more of the following:

• You are a current or retired educator (Including teachers, teachers’ assistants, bus drivers, or anyone in the public or private school system).*
• You are an employee of an accredited state-recognized private or public school.
• You are a certified teacher or administrator in an education agency.
• You are an employee of a post-secondary level education institution.

Questions? Give us a call at 321-456-5439 to speak with a helpful Home Loan Specialist.

First Responder Eligibility Requirements

To qualify for the Community Partners Home Loan Assistance Program, a first responder must meet income requirements** and one or more of the following:

• You are an employee of a law enforcement agency or fire department administered by a state or local government.
• You are a sworn law enforcement officer responsible for crime prevention and detection or criminal incarceration.
• You are a sworn member of a fire department involved in fire suppression or prevention, emergency medical response, hazardous material incident response, or management/response to terrorism.
• You are currently employed as any other type of first responders such as an emergency medical technician or National Guard or Reservist.*

Questions? Give us a call at 321-456-5439 to speak with a helpful Home Loan Specialist.  

Healthcare Worker Eligibility Requirements

In order to qualify for the Community Partners Home Loan Assistance Program, a healthcare worker must meet income requirements** and be an employee of an accredited or state-recognized medical or healthcare facility. This includes:

• Medical residents or fellows
• Nurses
• Nursing Assistants
• Pharmacists
• Pharmacy Technicians
• Physician’s Assistants
• Medical Assistants
• Medical Technicians
• Technologists
• Therapists

Questions? Give us a call at 321-456-5439 to speak with a helpful Home Loan Specialist. 

Military Eligibility Requirements

In order to qualify for the Community Partners Home Loan Assistance Program, an individual must meet income requirements** and one of the following:

• A veteran of the United States Military
• An active-duty member of the United States Military
• A surviving spouse of a member of the United States Military

Questions? Give us a call at 321-456-5439 to speak with a helpful Home Loan Specialist.