KeySavings Bank’s First-Time Homebuyers Matching Down Payment-Coming Sep 2024

For first-time home buyers, a smaller down payment like 5–10% is okay too—but then you’ll have to pay PMI. KeySavings Bank has a matching savings account. For each $2 that you save, we will match that with $1 of savings up to a $1500.

The restrictions are as follows:

  • The matching dollars will only be issued if KeySavings Bank originates the loan.
  • Any withdrawals for purpose other than for a home purchase will negate KeySavings Bank matching obligation.
  • The matching obligation will be non-interest bearing and matched at time of home purchase.
  • The origination of the home loan must take place not less than 12 months from account opening and withing 24 months.
  • Gifting of money into the account is not allowed. All money deposited must be from the applicant’s personal income.
  • If the applicant does not qualify for a home loan purchase, the matching obligation is negated.
  • KeySavings Bank reserves the right to discontinue the matching program at any time.
  • The applicant(s) at time of home purchase must earn a combined income of less than $45,000 per applicant.

Lost or Stolen Debit Card

If your Debit Card is lost or stolen, please call 715-423-6460 during working hours.

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KeySavings Bank is a mutual bank....meaning that all of our clients are members. Members enjoy the benefits of reduced fees, lower interest rates on loans and more investment opportunities.