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August 9, 2012

HomeStreet Bank

HomeStreet Bank is promoting a program that lets employers help employees buy or refinance houses. The Hometown Home Loan Program by Affinity Lending helps employees buy or re-fi with discounts on closing costs. It includes down-payment assistance and home ownership classes. A HomeStreet spokesperson said called it “a real, major benefit” that doesn't cost employers money. The program was created in 1994 with the city of Seattle to help police and firefighters. It has been expanded to more than 50 companies and groups.

(Editor’s note: This story has been updated to clarify that employees are offered discounts on closing costs.)




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