At VyStar, we’re committed to strengthening the communities in which we serve through corporate giving, community volunteerism, and affordable and accessible financial products and services for all.
Revitalizing Our Communities
VyStar earned its Community Development Financial Institution (CDFI) certification in late 2021. As a CDFI, we are eligible to apply for funding to support loan programs designed to serve the underserved, promote economic development in distressed communities and support small businesses.
I am proud to share that VyStar was recently awarded its first CDFI grant. Receiving this award during our first grant cycle demonstrates our credit union’s long-term commitment to impactful lending and community investing, in addition to our track record of corporate giving and volunteerism. The $740,000 grant, one of the highest amounts awarded by the CDFI Fund, will immediately be put to work expanding our equitable housing efforts, including supporting our Everyday Heroes, Military Heroes and Habitat for Humanity Jacksonville (HabiJax) programs.
This year, we also plan to launch additional products and tools that will further contribute to equitable homeownership in our communities, including a program to guide members with low to moderate income to achieve mortgage readiness.
Product Offerings
In addition to our work around CDFI, we continue to offer affordable products and services, tailored to the unique needs of our members and communities, including:
The Military Heroes Mortgage Program, serving those who serve our country with a wide array of benefits, payment and closing options, and a dedicated support team that understands the unique needs of our service men and women and their families.
The Everyday Heroes Mortgage Program, designed for those essential workers who serve our communities, including over 200 professions, such as law enforcement officers, educators, bus drivers, healthcare workers and more.
VA Mortgage Program, offering several benefits, such as no down-payment or mortgage insurance. The program was created as an affordable pathway to homeownership for active or former service members and their families.
FHA Mortgage Program, requiring less money down and with more flexible credit requirements for those who qualify, making this loan perfect for any potential homebuyers.
Conventional Mortgages with loan amortization terms ranging from 10-30 years, fixed and variable options, and competitive rates.
And more!
With a variety of loan options for everyone, we hope to make the dream of homeownership more accessible to our members and the community. If you would like to find out more about any of these programs, visit us at vystarcu.org/personal/borrow/home-loans.
As always, we have you – our valued members – to thank for making all of this possible. Your continued support inspires us to leave a lasting impact on the communities we call home and make a positive difference in the lives of those around us.