Skip to main content
Enter search terms below…

Member News

NBT Bank Partnering With TRIP For Home In The City Program



NBT Bank Senior Vice President and Residential Mortgage Manager Joseph Culver announcedthat NBT will be partnering with the Troy Rehabilitation and Improvement Program (TRIP) and offering its Home in the City Program in Troy. Information about this program can be found by visiting www.nbtbank.com/loans.

Announcing the pledge Culver said, “Our Home in the City Program is a mortgage loan program designed specifically to encourage homeownership in cities served by NBT Bank and is an example of our commitment to support our local communities.”

Christine Nealon, TRIP Executive Director added: “This program supports our community-based financial education that brings wealth building to our neighbors who otherwise might not have access. This is a great example of how we partner with key stakeholders in response to community identified needs.”

In addition to homeowner education, the program offers potential homebuyers the opportunity to meet with an NBT Bank loan originator to help them determine the maximum amount of a home mortgage they qualify to finance and assist with the application process for a Home in the City loan.

The loan program provides:

  • 95% financing for the purchase of a one or two-family, owner-occupied residence for borrowers with a household income up to 120% of the HUD Area Median,
  • An interest rate reduction of 0.25% for eligible first-time homebuyers who complete homebuyer education classes, and
  • No mortgage insurance or additional monthly payments are required.

Participants may complete homebuyer education classes offered through TRIP. The Home in the City classes will help prepare participants for the responsibilities of homeownership and cover topics like home maintenance, how to select a realtor and mortgage lender, credit and debt management and qualifications for down payment and closing cost assistance grants.

For more information on NBT Bank’s Home in the City Program, contact NBT Bank at 800.NBT.BANK (800.628.2265). To learn more about first-time homebuyer education classes, contact the Troy Rehabilitation and Improvement Program at 518-690-0020 or visit www.triponline.org.

Mayor Patrick Madden today announced the City of Troy has been awarded a $10 million grant from the New York State Environmental Facilities Corporation (EFC) through the Water Infrastructure Improvement Act and Intermunicipal Grant programs to fund the first phase of a major water line replacement project between the Tomhannock Reservoir and the…
Kinderhook Bank Corp. (“KBC”), (OTCQB:NUBK), the holding company for The National Union Bank of Kinderhook (the “Bank”), announced record earnings for the nine months ended September 30, 2018. Net income available to common shareholders was $3.3 million, or $2.50 (diluted) per common share, for the nine months ended September 30, 2018, compared…
Freeway Insurance Services is a proud partner of the Toys-for-Tots program. Drop off locations include: The Troy Location at 351 Broadway Open 8:30 - 5pm Monday - Friday The Schenectady Location 225 State Street *will be open as a drop off center during Schenectady's annual Christmas parade on 11/17/18 starting at 5:00pm.* The Ballston Spa…
Nov
27
Designed for Chamber members looking to maximize their investment by getting engaged and connected with the business community. Whether you’re a new or…
7:30 a.m. Check-in & Breakfast; 8 - 9 a.m. Benefits Overview
Dec
02
Attend the Northeast's largest, free holiday festival. With more than 100 entertainers, there is something for everyone! Join in the merriment as the…
11 a.m. - 5 p.m.
Dec
12
We’re giving thanks for our members by offering an exciting contest for two members to win customized Chamber marketing packages valued at $1,500 each! It…
Register By 12 p.m.