Assistance includes temporary relief loans and interest-free pay assistance loans
More mortgage lenders have offered assistance to federal workers affected by the ongoing partial government shutdown.
First Financial Northwest Bank announced that bank customers who are current furloughed federal employees may qualify for temporary relief loans in an amount up to twice their net monthly pay interest-free for 90 days. Additionally, customers currently in the process of obtaining a loan may be eligible to receive an additional 30-day rate lock at no additional cost.
“We are proud to step in and help our hardworking, dedicated customers affected by the federal government shutdown,” said Joseph Kiley III, president and chief executive officer of First Financial Northwest Bank. “We are committed to supporting our customers in any way we can to find solutions to ease their financial burdens during these uncertain times and encourage them to reach out so we can get them assistance as soon as possible.” Kiley concluded, “We are grateful for the opportunity to serve our communities every day.”
For its part, Civista Bank is offering a pay-assistance program for customers who are affected by the government shutdown. The program provides a zero-percent pay assistance loan for furloughed employees who had payroll direct deposit into a Civista Bank checking or savings account prior to the pay interruption.
"We are committed to helping our customers through financial hardships and want to assist them in managing day-to-day expenses during this time," said Dennis Shaffer, president and chief executive officer at Civista Bank. "We understand each family's situation is different, and encourage customers affected to contact their local branch to discuss their banking needs."