Relocation Closing Cost Assistance Program
Get immediate help covering your certain mortgage closing costs when relocating for work.
Moving because of work is stressful enough. Our Relocation Assistance Program eliminates the immediate financial pressure of closing costs. We pay the eligible expenses directly, giving you 30 full days (after closing your loan) to get reimbursed by your employer—interest-free.*
Our team at NGFCU is here to guide you every step of the way. Give us a call at 888.NGFCU.RE (643.2873), email us at homeloan@ngfcu.us, or fill out the consultation form below to get personalized support.
Eligibility
Here’s how you can see if you qualify for this program:
- NGFCU Membership: You must be an account holder with NGFCU.
- Relocation Requirement: Your relocation must be the result of a request from your employer.
- Property Type: You must be purchasing a new residence that will be owner-occupied.
- Employer Reimbursement: You must be eligible to receive reimbursement from your employer for the closing costs associated with your new mortgage loan.
How It Works (Your 30-Day Process)
Your relocation just got easier! This is a streamlined three-step process designed to integrate with your employer's relocation benefits:
Step |
Action |
Timing |
|---|---|---|
| At Closing | NGFCU pays the total amount of your eligible closing costs directly to the fee originator on your behalf. | Date of Mortgage Loan Commencement. |
| During the 30 Days | You submit the documentation to your employer to receive your reimbursement funds. | Within the 30-day interest-free period. |
| Reimbursement | You must pay the full closing cost amount back NGFCU. | Within 30 days of the Mortgage Loan commencement date. |
Your Simple Checklist for a Smooth Process
We’re here to make this process easy. Here are the simple steps you’ll take as the borrower to finalize your closing and benefit from the upfront payment:
- Share Employer Details: Give NGFCU the necessary documentation from your employer that confirms your eligibility and outlines their relocation reimbursement guidelines.
- Sign Upfront Payment Agreement: At closing, you will sign a disclosure agreement that officially covers the amount NGFCU is advancing for reimbursement.
- Submit Final Payment: Complete the reimbursement of the total amount to NGFCU within the 30-day period.
Our team at NGFCU is here to guide you every step of the way. Give us a call at 888.NGFCU.RE (643.2873), email us at homeloan@ngfcu.us, or fill out the consultation form below to get personalized support.
Your Home, Your Trusted Advisor
I Want to Schedule a Free Consultation
NMLS #774623.
* To be eligible for the program, Borrowers must be current NGFCU account holders who are (1) relocating as the result of an employer requirement, (2) purchasing a new, owner-occupied home, and (3) receive a relocation reimbursement from their employer. NGFCU provides an interest-free period of thirty (30) days from the Mortgage Loan commencement date for the Borrowers to repay the closing costs paid by NGFCU on the Borrowers’ behalf. Borrowers are required to sign a promissory note and disclosure at closing which only executes if the 30-day repayment fails which converts the amount owed to a consumer loan at the maximum rate allowed by the National Credit Union Administration.