KeyBank Partnership with Operation HOPE Marks Beginning of New Era in Homebuyer & Financial Education in Buffalo
- KeyBank and Operation HOPE are partnering to provide financial education and coaching in Buffalo. This includes homebuyer education and credit/money management education. KeyBank is committed to empowering underserved communities and increasing access to homeownership.
- KeyBank has introduced several programs to make homeownership more accessible, including the KeyBank Neighbors First Credit, Key Opportunities Home Equity Loan, and KeyBank Home Buyer Credit. They have also committed to investing over $25 million in grants, fee waivers, and marketing to increase mortgage lending in majority-minority neighborhoods.
- The partnership between KeyBank and Operation HOPE aims to create a pathway to financial success and homeownership for individuals and families in Buffalo.
- None.
Financial coach will serve at KeyBank's East Delavan branch to provide one-on-one and group financial assistance and access to programming at no cost
KeyBank has a dedicated Operation HOPE financial coach placed in its East Delavan branch to provide education and programming to everyone including adults, youth, disaster survivors, and employees at no cost.
KeyBank and Operation HOPE's partnership is focused on two key areas:
- Homebuyer Education. HUD-certified Operation HOPE coaches will offer group homebuyer education classes and coaching sessions to provide individuals with knowledge, skills, and resources to help overcome common challenges first-time homebuyers face as they go through the home loan process.
- Financial Education. Credit and money management education, where onsite Operation HOPE coaches will assist and lead individuals through guided steps on how to improve money management and provide support throughout their financial journey.
"KeyBank's purpose is to help our clients and communities thrive. An important part of building thriving communities is providing access to financial tools and planning," said Chris Gorman, Chairman and CEO, KeyCorp. "Through this groundbreaking relationship with Operation HOPE, we are proud to take a significant step in empowering
"By joining forces with Keybank, we can expand Operation HOPE's reach and impact, bringing financial education and resiliency to those who need it the most," said John Hope Bryant, Founder, Chairman and CEO of Operation HOPE. "Together, we are creating a pathway to financial success and homeownership, empowering individuals and families to build a better future for themselves and their communities. Our shared commitment to empowering underserved communities lays the foundation for a more prosperous future in
KeyBank's homebuyer focus with Operation HOPE is just one way the bank is making access to homeownership easier and more equitable. This program follows Key's introduction of the KeyBank Neighbors First CreditSMi, Key Opportunities Home Equity Loanii and the increase of KeyBank Home Buyer Credit SMiii, two Special Purpose Credit Programsiv offered for qualifying properties in eligible communities to help borrowers on their path to owning a home, as well as a commitment to invest more than
NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All home lending products, including mortgage, home equity loans and home equity lines of credit, are subject to credit and collateral approval. Not all home lending products are available in all states. Hazard insurance and, if applicable, flood insurance is required on collateral property. Actual rates, fees and terms are based on those offered as of the date of application and are subject to change without notice. Mortgage and Home Equity Lending products offered by KeyBank are not FDIC insured or guaranteed.
ABOUT KEYBANK
KeyBank's (NYSE: KEY) roots trace back nearly 200 years to
ABOUT OPERATION HOPE, INC.
Since 1992, Operation HOPE has steadfastly advanced America from civil rights to "Silver Rights," empowering millions of low and moderate-income youth and adults across the nation through its visionary community uplift model, HOPE Inside. Lauded as the Innovator of the Year by American Banker magazine, Operation HOPE has impacted over 4 million individuals and facilitated over
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iEligibility is determined based on both census tract and community location. Not all census tracts within a listed community are eligible. Not all properties in communities that are listed may qualify. Eligible communities are subject to change without notice. Available on primary residence purchases only.
iiKey Opportunities Home Equity Loan is a rate discount program provided as a permanent rate reduction that will be reflected in the Promissory Note interest rate. Interest rate discount is not combinable with any other offers. Not available in all states. To apply for a home equity loan, you must: Be 18 years of age or older Live within the following states: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA Agree to provide additional personal and business information, if requested, such as tax returns and financial statements Certify that all information submitted in the application is true and correct Authorize the bank and or a credit bureau to investigate the information on the application Please read our Disclosures. If you applied for your credit account online within the last 90 days, you may also review the original disclosures provided to you.
iiiEligibility is determined based on both census tract and community location. Not all census tracts within a listed community are eligible. Not all properties in communities that are listed may qualify. Eligible communities are subject to change without notice.
ivSpecial Purpose Credit Programs are, generally, programs that are established to meet special social needs or the needs of economically disadvantaged persons by extending credit to persons who would probably be denied credit or would receive it on less favorable terms, under certain conditions. See 15 U.S.C. § 1691(c)(1)-(3); 12 C.F.R. § 1002.8(a).
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SOURCE KeyCorp