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.

Looking for something fun and exciting to do this fall?  START’s Fall Family Fun is a hauntingly, safely social distancing fun day out with family and friends. Your $10.00 entry fee supports START Children’s Center, Inc. in its commitment to make a difference for children, their families and the community.   When we receive your registration…
ALBANY, NY – October 21, 2020 – BST & Co. today announced a series of new appointments and promotions within several departments at the financial and management consulting firm. “We are very happy to welcome these highly-skilled individuals into their new positions with BST & Co.,” said BST & Co. Managing Partner Ron Guzior. “Each of…
First New York Federal Credit Union will be donating school supplies to the Schenectady City School District Office for distribution to the elementary and middle school locations on Monday, October 26th at 10:30am. While America's teachers work to navigate the educational challenges presented by COVID-19, the need for school supplies is more…
Oct
29
2020 Van Rensselaer Virtual Awards Ceremony A ceremony honoring outstanding examples of philanthropic giving and citizenship. For more than 25 years, the …
4:00 p.m. Virtual Awards Ceremony
Dec
17
Designed to help individuals new to WordPress environment, join Training and Development Specialist, Eleonora Morrell, MicroKnowledge, Inc. to learn how…
8:30 - 10:30 a.m. EST