• Marquette Bank Affordable Housing Foundation Offers $250,000 in First-Time Home Buyer Grants
    Neighborhood bank offers $10,000 and $12,500 grants to qualified local home buyers 

     

    Orland Park, IL (October 16, 2013) –– Marquette Bank, a locally-owned neighborhood bank, is working with the Marquette Bank Affordable Housing Foundation to offer grants to first-time home buyers who meet geographical and income requirements such as having a household income of less than $58,800 and purchasing a home within one of the 600+ low or moderate income census tracts in Marquette Bank’s assessment area.

     

    “The Marquette Bank Affordable Housing Foundation was created in 2007 to promote affordable home ownership in the communities the Bank serves,” said Manuel Jimenez, Vice President, CRA Officer. “The foundation has always offered down payment assistance to first-time home buyers through its grant programs, but this program is the highest value of any grant we have offered so far.”

     

    First-time home buyers meeting both the geographical and income requirements may be eligible to receive a $12,500 grant and those meeting at least one  requirement  may be eligible for a $10,000 grant. The Marquette Bank Affordable Housing Foundation has allotted $250,000 to fund the first-time home buyer grant program which will be offered through Dec. 31, 2013.

     

    Marquette Bank’s assessment area includes the City of Chicago, the southern portion of Cook County, the southeastern portion of Kane County and the entire Will, DuPage and Kendall Counties. Purchased property must be used as the home buyer’s primary residence and can be a single-family home, condo or townhome. Home buyers are also subject to credit approval and underwriting standards.

     

    For more information, call 1-773-918-4507 or visit our website at www.emarquettebank.com.

     

        

    About Marquette Bank:     

    Marquette National Corporation is a $1.5 billion diversified financial holding company for Marquette Bank. Marquette Bank has been a locally owned and operated bank providing personalized banking service since 1945. Marquette Bank is a full-service, customer-focused neighborhood bank that serves the financial needs of Chicagoland communities, offering an extensive line of financial products including retail banking, home financing, trust services and business banking. Marquette Bank has a lending portfolio of almost $1 billion in Chicagoland and offers home mortgages, multifamily lending, commercial mortgages, lines of credit, commercial real estate loans and small business lending. Marquette Bank regularly offers free financial literacy and education seminars, workshops and classes to customers, schools, senior groups, community organizations and local residents including personal financial and home buyer education classes. Marquette Bank has 22 retail branches located in Chicago, Aurora, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New Lenox, Oak Lawn, Oak Forest, Orland Park, Romeoville and Summit, Illinois. Marquette Bank provides customers mobile banking, online banking and telephone banking options and free access to over 50,000 Allpoint and Starsf ATMs worldwide.  


    Marquette Bank is an Equal Opportunity Lender, Equal Housing Lender and Member FDIC. Follow Marquette Bank on Twitter or like the Bank on Facebook for special offers and news. For more information visit: http://www.emarquettebank.com or call 1-888-254-9500.