The AFT Mortgage Program includes a Wells Fargo My Mortgage Gift award valued at $500 for a home purchase or $300 for refinancing after closing. Every term below is named directly on AFT’s own site.
The AFT Mortgage Program is a member benefit offered through Wells Fargo Home Mortgage via the Union Plus Mortgage program. AFT is a national union whose members work in education, healthcare, and public service. Rather than re-covering how the union is organized or who can join, the site’s AFT membership guide explains membership separately. The mortgage page presents the offer to AFT members generally and doesn’t name a particular local or affiliate as a condition.
How To Get The AFT Mortgage Program Teacher Discount
An AFT member finances or refinances an eligible home with Wells Fargo Home Mortgage through Union Plus, subject to qualification, approval, and closing. Eligible individuals receive redemption instructions for the My Mortgage Gift award about two weeks after closing on an eligible first mortgage or deed of trust. Its value is $500 for purchasing a home or $300 for refinancing. The page doesn’t specify which membership proof must be submitted, so members should confirm the required card, member number, or other verification with Union Plus or Wells Fargo before applying.
Additional Credits And Union Plus Benefits
The page also names Wells Fargo’s Dream. Plan. Home. closing-cost credit, which may provide up to $5,000 for one-time closing costs such as appraisal and processing fees. The detailed terms say it may help eligible buyers purchasing a primary residence, is designed for consumers with income at or below 80% of the area median income, is available only in certain areas, and doesn’t work with every loan type. Union Plus separately lists a $1,000 veteran’s grant on a primary home purchase or refinance where applicable, plus mortgage assistance for an unexpected loss of income. Eligibility criteria apply to those Union Plus benefits.
The Gift Has Combination Rules
The My Mortgage Gift isn’t an automatic reduction at the closing table. It arrives through redemption instructions after closing, and only one award is permitted per eligible new loan. AFT’s page says it can’t be combined with a Wells Fargo employee mortgage offer or with another award, discount, or rebate except where the award terms allow it. The award isn’t transferable, may be taxable, and can change or be canceled without prior notice. Compare the full loan rate, fees, and eligibility conditions before treating any listed benefit as net savings.
Q&A
Q: How much is the AFT mortgage gift?
A: It’s valued at $500 after an eligible home purchase or $300 after an eligible refinance.
Q: Who provides the AFT mortgage program?
A: Wells Fargo Home Mortgage provides it through the Union Plus Mortgage program.
Q: Is the $5,000 closing-cost credit guaranteed?
A: No. It’s an up-to amount with income, location, primary-residence, and loan-type conditions.
Q: Is there a benefit for veterans?
A: Union Plus names a $1,000 veteran’s grant for a primary home purchase or refinance where eligibility requirements are met.
Q: Does Union Plus help if I lose income?
A: The page names mortgage assistance for unexpected income loss, but eligibility criteria apply.
Q: Do I need to belong to a specific AFT local?
A: The page addresses AFT members generally and doesn’t name a specific local or affiliate requirement.
More Information:
Confirmed directly on AFT’s own mortgage program page.
