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.

Introducing PK Pods — Insights + Advice to Navigate Today’s Workplace ProKnowledge LLC, a professional development training and consulting firm based in Upstate New York, provides professionals a new resource when navigating workplace situations and challenges through its new podcast, PK Pods: Insights + Advice to Navigate Today’s Workplace.…
Mayor Patrick Madden today announced the City of Troy has received a $400,000 grant to create its first official connection to the recently completed Empire State Trail. The grant is provided from the Hudson River Valley Greenway to create a separated trail across the Green Island Bridge that will link the Collar City’s existing urban bike and…
The Arts Center of the Capital Region is happy to announce the installation of two works of public art: the first two murals in the From Troy to Troy public art project, and the ACCR Art Closet, a resource for community projects and events. From Troy to Troy | Installation to start May 2021 From Troy to Troy is a public art project conceived in…
Apr
13
Get connected, develop leads and build relationships at our NetworkingPlus events - now in a virtual format! Our virtual NetworkingPlus will mirror the…
9:00 a.m. - 10:00 a.m.
Apr
13
Join our virtual Open House for The Leadership Institute: Class of 2022! Get your questions answered and hear from former Leadership Institute alumni on…
3:00 p.m. - 4:00 p.m.
Apr
20
Join our virtual Open House for The Leadership Institute: Class of 2022! Get your questions answered and hear from former Leadership Institute alumni on…
9:00 a.m. - 10:00 a.m.