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“You’re Home” Program to assist low-to-moderate income consumers purchase or refinance a home

STAMFORD, Conn. – Webster Bank announced today the launch of its first Special Purpose Credit Program (SPCP) aimed at expanding homeownership opportunities for low-to-moderate income (LMI) first-time homebuyers, and those who are seeking to refinance, in historically underserved areas.

The program, called “You’re Home,” provides an alternative to traditional loan program and terms, offering up to 97% financing for the purchase of properties located in defined, underserved markets. The program is specifically designed to assist borrowers in specific demographic Geographic Assessment Areas and Majority Minority census tracts in the Bank’s footprint. Borrowers in these areas are eligible for both purchase and rate and term refinance transactions.

“Our goal is to help reduce the barriers to traditional lending and expand the opportunities for homeownership in the communities we serve,” said James Griffin, Head of Consumer Banking. “We want to do our part to help potential homebuyers, or those who want or need to refinance, to have more access to funding.”

“Homeownership strengthens our neighborhoods and helps individuals and families build generational wealth,” said Marissa Weidner, Chief Corporate Responsibility Officer at Webster. She added, “The ‘You’re Home’ program will create greater access to credit in economically disadvantaged communities.”

The “You’re Home” program is the most recent component of the Bank’s Community Investment Strategy, a multi-year, $6.5B commitment to expanding access to capital, providing loans, investments, technical assistance and financial services to individuals and small businesses in low- and moderate-income neighborhoods.

The Bank’s dedication to supporting low- and moderate-income borrowers extends beyond financial assistance with our network of Community Liaison Officers, actively building relationships with community-based organizations to increase lending opportunities that meet local credit needs within these regions, as well as conducting financial literacy workshops on topics such as first-time homebuying.

Find more information about the “You’re Home” Program here.

About the You’re Home program:
The You’re Home product has been developed and will be implemented in accordance with the SPCP provisions in 12 CFR §1002.8 of Regulation B and will be in effect until the Bank decides to suspend, modify, or terminate the SPCP. The You’re Home product has been reviewed for consistency with the Advisory Opinion on SPCPs issued by the Consumer Financial Protection Bureau in December 2020.

About Webster
Webster Bank (“Webster”) is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and its HSA Bank division, one of the country’s largest providers of employee benefits solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with more than $70 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at

Media Contact:
Elaine K. Ficarra, 203-913-2716

Investor Contact:
Emlen Harmon, 212-309-7646