Grand Rapids Business Journal
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Independent Bank is giving homebuyers a helping hand with their down payment through a new program with Freddie Mac.
The Grand Rapids-based bank said Wednesday that it is working with Freddie Mac to assist homebuyers in overcoming one of the most common barriers to homeownership — the down payment. The two institutions are working together to offer MatchUp, an All For Home solution, an automated mortgage savings plan that puts customers on a steady path toward purchasing a home.
“The MatchUp program means that a qualifying homebuyer can virtually triple their down payment through this program,” said AJ Harma, first vice president, mortgage lending, at Independent Bank.