Dutrac Unveils Mortgage Program for Lower-Income Borrowers

Telegraph - Herald (Dubuque) › September 21, 2007

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Summary

Focusing on helping lower-income borrowers afford their first homes, DuTrac Community Credit Union is taking part in a new $1 billion nationwide mortgage-lending initiative.

DuTrac is among 160 across the country that has begun offering a new mortgage product called Home Loan Payment Relief (HLPR, pronounced "helper"), which is aimed at borrowers with household incomes at or below the median in their market.

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Dutrac Unveils Mortgage Program for Lower-Income Borrowers

Median income numbers vary by county. It is $59,500 in Dubuque...

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