Your Teamster membership could help lower your monthly mortgage payment. The Teamster Homeownership Program, powered by HomeAhead™, gives eligible members access to a mortgage rate buy down, special program pricing, and capped lender fees through participating lenders.
Members have already seen monthly savings that, in some cases, equal or exceed what they pay in union dues.
Your membership creates leverage
The program is built on a principle Teamsters understand well: there is strength in numbers. Instead of approaching the mortgage market alone, Teamster members benefit from program standards established specifically for them. Participating lenders must contractually agree to those standards before they can participate.
How the program works
- Lower monthly mortgage payments: A mortgage rate buy down designed to reduce the member’s interest rate and monthly mortgage payment.
- Special Teamster program pricing: Participating lenders agree to HomeAhead pricing standards established for eligible Teamster members.
- Lender fees are capped: Participating lenders agree to firm limits on the lender fees they can charge members, regardless of what those fees are called or how they are structured.
You stay in control
HomeAhead does not make mortgage loans. The participating lender handles the mortgage application, underwriting, approval, disclosures, and closing. You are free to compare your HomeAhead offer with other lenders and decide which loan works best for you. HomeAhead program benefits are available through participating lenders.
The goal is simple: use the collective strength of Teamster membership to help members save money on one of the largest expenses their family will ever have.
Mortgage relief for Teamster families
Eligible mortgages closed through participating lenders include access to the Mortgage Relief Program. If a qualifying disability, strike, or lockout significantly disrupts your income, the program may provide assistance paid directly toward your mortgage while you are approved for benefits.
- Disability: Eligible members may receive a no repayment grant covering up to six months of mortgage payments when a qualifying disability causes weekly income to decline by 20% or more.
- Strike or lockout: Eligible members may receive a no repayment grant covering up to six months of mortgage payments when they are off the job because of a qualifying strike or lockout for 30 or more consecutive days.
The Mortgage Relief Program applies to eligible mortgages closed through participating lenders and is administered by Union One Benefits Administration, Inc. under program terms, eligibility requirements, and benefit limits.
Get started in three simple steps
- Build your HomeAhead Profile. Bring your information together in one place and get a clearer picture of where you stand today.
- Explore and compare your options. See participating lenders, review available program benefits, and compare your options.
- Move forward when you are ready. Request quotes, compare offers, and decide what works best for you and your family.
There is no pressure to move forward. The program is there when you need it.
Built for Teamster families
Guidance and tools: Whether you are thinking about buying your first home, moving to your next home, refinancing, or simply planning for the future, HomeAhead gives you tools and information to help you prepare.
Preparation at your pace: Not ready today? You can build your profile, organize your information, and come back when the time is right.
You stay in control of your information and your decisions.
The Teamsters have always used collective strength to protect working families and create better opportunities for members. Now we are putting that strength to work at home.
Learn More and Get Started
Visit TeamsterHomeAhead.com. It only takes a few minutes.
Prefer to talk to someone? Call an Advocate at (650) 629-1846.
Teamster Homeownership Program: A Teamster Privilege benefit, powered by HomeAhead™. Administered by Union One Benefits Administration, Inc.
Program eligibility, pricing, benefits, and savings vary based on the loan, borrower qualifications, lender, property, and market conditions. All loans are subject to lender underwriting and approval. HomeAhead does not originate or make mortgage loans. HomeAhead program benefits are available through participating lenders. Mortgage Relief Program benefits are subject to separate program terms, eligibility requirements, approval, and benefit limits.
