Bank / Credit Union

FNB expands credit to communities of color

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February 10, 2023

F.N.B. Corp. has announced its Special Purpose Credit Program, which will offer credit to communities of color. Initially it will offer up to $3 million in closing cost assistance to promote home ownership and economic equality, according to a press release.

Some features of the program include the FNB Homeownership Plus with access of up to $5,000 in closing cost assistance grant and as low as 0% down payments and FNB Home Equity Plus with an installment loan and two lines of credit ranging from $5,000 to $50,000.

"For our communities to thrive, it is essential that we continue to provide banking resources that fit our customers' wide range of needs, circumstances and backgrounds," Vincent J. Delie, Jr., chairman, president and CEO of F.N.B. Corp. and First National Bank, said in the release. "In addition to our long-standing proprietary affordable mortgage programs, our new special purpose program presents another avenue for FNB to foster equal access to credit, which is a fundamental building block toward homeownership, wealth creation and financial stability for families and the neighborhoods they call home."