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Member Stories

Professor saves money with Union Plus Mortgage Program

Longtime union member, Steve L. was a winner in a sweepstakes for Union Plus mortgage holders.

Professor saves money with Union Plus Mortgage Program

Long Island resident Steve L. has been a university physics professor and a union member for the past 23 years.

As a longtime union member, Steve is used to receiving notices in the mail from his union or Union Plus alerting him to benefits and discounts available to union members.

Through one of those notices, he learned about the Union Plus Mortgage Program.

With financing available through Wells Fargo Home Mortgage, the Union Plus Mortgage Program helps union members, their parents and their children purchase or refinance their homes while also offering exclusive union member benefits.

"We've done two refinances," he says, adding that the process "is relatively easy."

Steve says he received an award valued at $300 after closing on his refinance loan with Wells Fargo1, once he verified his current union membership.

“We just sent off our kid to college,” Steve says. “We used it to pay for stuff in his dorm room.”

A bonus came a few months ago when Steve received an email letting him know he had won $1,000 in a sweepstakes for Union Plus mortgage holders.

He says he will likely spend the money on his son's college expenses.

"That's where a lot of our money is going," Steve acknowledges.

To learn more about the Union Plus Mortgage Program and its associated benefits, including mortgage assistance2 in times of hardship, visit unionplus.org/mortgage.

1Eligible individuals will be sent redemption instructions for the My Mortgage GiftSM award approximately 2 weeks after closing on a new purchase or refinance loan secured by an eligible first mortgage or deed of trust with Wells Fargo Home Mortgage (“New Loan”), subject to qualification, approval and closing. The My Mortgage Gift award is not available with The Relocation Mortgage Program® or with any Wells Fargo employee mortgage offer. Only one My Mortgage Gift award is permitted per eligible New Loan. This award cannot be combined with any other award, discount or rebate, except as described in the Terms and Conditions. This award is void where prohibited, transferable, and subject to change or cancellation with no prior notice. Awards may constitute taxable income. Federal, state, and local taxes, and any use of the award not otherwise specified in the Terms and Conditions (available at wellsfargo.com/mymortgageterms and provided at receipt of award) are the sole responsibility of the My Mortgage Gift recipient.

2The Union Plus® Mortgage Assistance Program and Veteran’s Grant are provided and administered through the AFL-CIO Mutual Benefit Plan (“The Plan”), which is not affiliated with Wells Fargo Bank, N.A. Additional information about this program and eligibility criteria can be obtained at unionplus.org/assistance.

Union Plus® is a registered trademark of Union Privilege.

Wells Fargo Home Mortgage has a services agreement with Union Privilege in which Union Privilege receives a financial benefit for providing agreed-upon services. Wells Fargo Home Mortgage encourages you to shop around to ensure you receive the services and loan terms that fit your home financing needs.

Information is accurate as of the date of printing and is subject to change without notice.

Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2021 Wells Fargo Bank, N.A. All rights reserved. NMLSR ID 399801

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