April 8, 2016 // NATCA Member Finds a Home of His Own at Last
It took 14 years of working hard and saving his money in a studio apartment for Kenneth Bosket of Queens, N.Y., and NATCA Region X Eastern Service Area, to buy his own place. When the time was finally right, Bosket made sure the mortgage was, too — and chose the Union Plus Mortgage program, with financing provided by Wells Fargo Home Mortgage, which awarded him $500 as a First Time Home Buyer.
Fourteen years is a long time to wait, but Bosket is a man of unusual discipline and focus.
“I was born in the projects and I know what it means to work hard,” he says. “I worked my way through community college; then I chose jobs that offered tuition programs so I could get my Master’s Degree in engineering.”
Along the way, one of the best career choices Bosket made was joining the union. “I’m not only a NATCA member, I’m a NATCA representative, too,” he says. “I believe in the Union because NATCA stands up for working people.”
One of the benefits of being a union member is the opportunity to purchase a home with the Union Plus Mortgage program. A union mortgage means more than just getting a great rate; it also means protection in the event of strike, lockout, layoff, or disability, as well as special benefits such as a $500 My Mortgage GiftSM award card from Wells Fargo Home Mortgage.* In addition, it comes with the opportunity to earn a $500 First-Time Home Award from Union Plus for qualifying union members.
“I did the research,” he says. “I went online and looked into programs that offered benefits for union members. And I went with Union Plus.”
Bosket would soon find out, however, that saving his money and finding a mortgage was only half the battle. For a year, he found homes he liked, only to lose out to individuals and companies making cash offers.
“I had the door slammed in my face more times than I could count,” he says. “You have to be strong and determined when you’re buying a house.”
Fortunately, Bosket was both. Eventually he found a place he liked and his offer was accepted.
“I knew there was something out there for me,” he says. “My mindset always was that I’d get part of the American dream.”
For Bosket, the dream has finally come true. After 14 years of renting, he has a place he can call his own — one that’s also an investment in his future. The $500 First Time Home Award from Union Plus?
“That went straight to a new bedroom set,” he laughs.
The Union Plus Mortgage program, with financing provided by Wells Fargo Home Mortgage, has provided $43.6 billion in mortgages to help more than 200,000 union members and their families buy or refinance a home. It is packed with unique benefits tailored to meet the needs of active or retired union members, as well as their parents and children, who want to buy or refinance a home. Union members who are first-time buyers even have the opportunity to receive a $500 First-Time Home Award from Union Plus.
Some of the other benefits of the Union Plus Mortgage program include:
- Hardship Assistance – Union Plus Mortgage Assistance helps members and their families who are unemployed, recently disabled, on strike, or locked out make their mortgage payments with interest-free loans and grants. Mortgage Assistance has provided almost $10 million to help members keep their loans current and stay in their homes.
- Award Card – Union members and their families may receive a $500 Wells Fargo My Mortgage GiftSM award card after closing on a purchase or refinance loan*.
- Incentive for First-Time Home Buyers – Union members who are first-time buyers can apply for a $500 First-Time Home Award from Union Plus. Active or retired union members who used the Union Plus Mortgage program to purchase their first home are eligible to apply. They simply need to fill out an application and provide a short, written description of their Union Plus Mortgage program experience and why home ownership matters.
To learn more about the Union Plus Mortgage program, please visit UnionPlus.org/Mortgage.
And if you have a home to buy or sell, look into Union Plus Real Estate Services, which provides discounts to union families, over 6,000 experienced, pre-screened agents nationwide, and even offers a cash-back rebate program, available in most states.
Your union and Union Plus are looking out for you. To find out more about all the benefits and discounts for which you’re eligible, please visit UnionPlus.org.
# # #
*Eligible individuals can receive the Wells Fargo My Mortgage GiftSM promotion in the amount of $500 approximately six weeks after closing on a new purchase or refinance loan secured by a first mortgage or deed of trust with Wells Fargo Home Mortgage, subject to qualification, approval and closing, when identifying themselves as eligible under the Union Plus Mortgage program. The My Mortgage GiftSM promotion is not available with any Wells Fargo Three-Step Refinance SYSTEM® program, The Relocation Mortgage ProgramSM or the HOME program. Only one award permitted per new loan. This promotion cannot be combined with any other promotion, discount or rebate. This promotion is void where prohibited, transferable, and subject to change or cancellation with no prior notice. Gifts may constitute taxable income. Federal, state and local taxes, and any use of the gift not otherwise specified in the Terms and Conditions provided at receipt of gift are the sole responsibility of the My Mortgage GiftSM recipient. Please see Terms and Conditions document for more information.
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2016 Wells Fargo Bank, N.A. All rights reserved. NMLSR ID 399801