Bank of Canton’s Regional Lending Manager Steve Chu (NMLS #454888) explains the importance of good credit to workshop attendees. Other speakers from the real estate industry included a broker, insurance agent, attorney, and home inspector.
QUINCY, Mass. (October 24, 2016) – Quincy Community Action Programs (QCAP) and Bank of Canton conducted a two-part workshop last week to educate and counsel first-time homebuyers. Held at QCAP’s office on Hancock Street in downtown Quincy last Thursday evening and Saturday afternoon, the intimate gathering received an overview of the home buying process, with guidance from real estate professionals and lenders.
“I wanted to learn more about becoming a homeowner,” said attendee Amina Owens of Fall River. “My supervisor at work took this class previously, and had great things to say about it. So I thought I’d enroll too.”
Attendees of both sessions received a Certificate of Completion, which fulfills the educational requirement needed to obtain a low-cost MassHousing loan.
“QCAP has educated first-time homebuyers for nearly 25 years,” said Beth Ann Strollo, QCAP’s chief executive officer. “Our mission has always been to ensure that first-time homebuyers are well informed and prepared to make sound financial decisions that help them realize their dreams within their means. We are pleased and honored to again partner with Bank of Canton, who shares this vision, and we are grateful for their commitment to quality and service integrity.”
“We’re proud to sponsor and participate in this educational series,” said Stephen P. Costello, president and CEO of Bank of Canton. “Without question, the homebuying process can be intimidating to those who are unfamiliar with it. But our friends at QCAP have done an outstanding job assembling materials and speakers to make that process more manageable. We’re excited to contribute our lending expertise and financial support to benefit Greater Quincy’s future homeowners.”
The next first-time homebuyer workshop will be held in early 2017.
About Quincy Community Action Programs
Founded in 1965, QCAP is the leading non-profit organization dedicated reducing poverty by providing educational and economic opportunities to residents. The organization serves more than 22,000 unduplicated individuals every year. In addition to its homebuyer education series, QCAP provides mortgage foreclosure counseling, affordable housing, homelessness prevention, housing services, adult education and workforce development programs, Head Start and Early Head Start, access to quality and affordable early education and care, family engagement activities, and heating assistance and weatherization.
About Bank of Canton
Established in 1835, Bank of Canton is a Massachusetts-chartered mutual savings bank that offers its consumer, business and government banking customers access to a full array of deposit, loan, investment and convenience service options. As a mutual savings bank, the bank has no stockholders and acts exclusively in the best interests of its customers and communities. The bank lends throughout Massachusetts, and has branches in Canton, Quincy and Randolph, and Mortgage Centers in Auburn and Marshfield. All deposits are fully insured between the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). For more information, visit www.ibankcanton.com. Member FDIC. Member DIF. Equal Housing Lender. NMLS #408169.
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