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American Cancer Society and HomeStreet Bank Make Homeownership Benefit Available to Nearly 50,000

October 08, 2014

SEATTLE – October 8, 2014 – HomeStreet Bank today announced that the company’s Hometown Home Loan Program is now available to more than 48,000 volunteers and 100 employees of the American Cancer Society (ACS) in Washington state.

“Many of our volunteers are highly involved within the community,” said Cynthia Bush, American Cancer Society Senior Director of Community Engagement. “Since they are busy juggling their volunteer work, their jobs and their responsibilities at home, while also pursuing an education, generous benefits like these offered by HomeStreet Bank make it easier to achieve their goals.”

HomeStreet Bank’s Hometown Home Loan Program provides an array of homeownership benefits including savings on closing costs and fees, reduced closing costs, access to down payment assistance and special loan programs, and free homeownership education. Through the program, people can save thousands of dollars, depending on the loan amount.

The educational component of the Hometown Home Loan Program encourages potential homeowners to address the major barriers they face in home financing. These barriers can include lack of funds for down payments and closing costs, credit issues, unfamiliarity with the financing process and inability to qualify for a loan.

“We are thrilled to partner with the American Cancer Society and to help their volunteers and employees reduce barriers to homeownership,” said Dianne Wasson, Affinity Lending manager at HomeStreet Bank. “The Hometown Home Loan Program can help make the home loan process much more accessible, not only through cost savings but also by helping homebuyers gain access to community resources and by providing free homeownership and financial education.”

The Hometown Home Loan Program was developed in 1994 and is now offered to employees of 130 private employers, municipalities, nonprofit organizations and trade unions in Washington, Oregon, Idaho and Hawaii.

In addition to HomeStreet’s new Affinity partnership with the ACS, Senior Vice President and Human Resources Director Pamela Taylor will serve on the nonprofit’s Washington State Advisory Board.

For more information on the Hometown Home Loan Program, visit www.homestreet.com/hometown or call 888-425-6990.

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About HomeStreet, Inc.

HomeStreet, Inc. (NASDAQ:HMST) is a diversified financial services company headquartered in Seattle, Washington, and the holding company for HomeStreet Bank, a state-chartered, FDIC-insured savings bank. HomeStreet Bank offers consumer and business banking, mortgage lending, residential construction and commercial real estate financing, private banking, investment and insurance products and services in the Western United States and Hawaii. www.homestreet.com.

About the American Cancer Society

The American Cancer Society is a global grassroots force of more than three million volunteers saving lives and fighting for every birthday threatened by every cancer in every community. As the largest voluntary health organization, the Society's efforts have contributed to a 20 percent decline in cancer death rates in the U.S. since 1991, and a 50 percent drop in smoking rates. Thanks in part to our progress nearly 14 million Americans who have had cancer and countless more who have avoided it will celebrate more birthdays this year. As we celebrate 100 years of service, we're determined to finish the fight against cancer. We're finding cures as the nation’s  largest private, not-for-profit investor in cancer research, ensuring people facing cancer have the help they need and continuing the fight for access to quality health care, lifesaving screenings, clean air, and more. For more information, to get help, or to join the fight, call us anytime, day or night, at 1-800-227-2345 or visit cancer.org.