We are aware that some of our Family First VISA card holders who are signed up for eStatements received a paper statement for the month of January. These members should have received their January VISA eStatements also and will not receive a paper statement fee. We’re working with our vendor to ensure this doesn’t happen in the future. We apologize for this error. 

All Family First branches and the call center will be closing early at 1:00 PM on Monday, April 8 due to the full solar eclipse happening that afternoon. We hope you enjoy the eclipse!  

Family First Debit and Credit Cards are currently experiencing an issue where transactions are not going through. We are working to resolve this and apologize for the inconvenience.

Homebuyer Dream Program

With Family First and the Homebuyer Dream Program, you can get up to a $20,000 grant to help you purchase your first home!

What is the Homebuyer Dream Program?

The HDP is a grant program offered to eligible first time home buyers that provides up to $20,000 for the purchase of your first home. This grant program is through the Federal Home Loan Bank of New York. The program will become available on January 8th, 2024. 

Remember, it’s important to get pre-approved ahead of time so you’ll be ready to go! Contact Ron Kraft or Julie Vella to get started on the pre-approval process today.

How does the program work?

    1. Discuss the eligibility requirements with a Family First Mortgage Expert to confirm you’ll be able to join the program. 
    2. Complete the homeownership counseling class to receive your certificate
    3. Family First will work with you to prepare a mortgage preapproval so you can find the home of your dreams.
    4. Once in an accepted purchase contract for your new home, FHLBNY reviews your reservation request along with the accepted contract, verification of income, and the completion certificate for your home buyer education. Once reviewed and approved FHLBNY will send a notification of funding commitment.
    5. You have 120 days after receiving the funding commitment to close on your new home!

What do I have to do to be eligible for this program?

  • Talk to one of our mortgage consultants about a pre-approval
  • Be a qualified first-time home buyer
  • Meet income requirements (80% or below of the Area Medium Income for the county in which the home is being purchased – see current income limits below)
  • Have an executed purchase and sales contract prior to the funding reservation date
  • Have a minimum of $1,000 equity contribution toward the purchase of the home
  • Complete an approved home ownership course prior to the funding reservation submission
  • Agree to remain in the purchased home during the 5 year retention period or repay a prorated share of the grant if you sell the property

Click Here for current Homebuyer Dream Program Income Limits

Contact Ron Kraft or Julie Vella today to get yourself on the path to home ownership with the Homebuyer Dream Program!  If you’re interested in other first time home buyer assistance programs, click here!

Make Your Dreams Come True

Convenience at your fingertips​

Stop in and see what the Family First experience is all about

You are now leaving https://home.familyfirstny.com/

By accessing this link you will be leaving the Family First Federal Credit Union’s website and entering a website hosted by another party. Family First Federal Credit Union is not responsible for its products, services, or overall website content. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of Family First Federal Credit Union. If you choose to conduct business there, you will be conducting business with another party’s website.