# Individual mortgage bailouts on the way? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 26, 2008, 12:35pm UTC](https://forums.speedlife.net/t/individual-mortgage-bailouts-on-the-way/45678 "2008-03-26T12:35:00Z")\ **Posts on this page:** 1\ **Showing post:** 23
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 26, 2008, 2:04pm UTC](https://forums.speedlife.net/t/individual-mortgage-bailouts-on-the-way/45678/23 "2008-03-26T14:04:14Z")
> [@theblue](#): > > more info on this? a govt. thing? > > you should be good for a year or more before rates go up Oh hai **First Home Club Matched Savings Program** HSBC Mortgage Corporation (USA) is pleased to introduce the First Home Club matched savings program, available for prospective home buyers in New Jersey and New York State. Financed by the Federal Home Loan Bank of New York, this program allows qualified first-time home buyers to earn $4 in grant monies for every $1 saved over a 10 to 24 month period. As a result, potential home owners can obtain a maximum grant of $7,500 for opening an account at HSBC Bank USA, National Association and saving $1,875 through regular monthly installments. At the conclusion of the program, the applicant/depositor will have funds totaling as much as $9,375 to go towards the down payment and closing costs for the purchase of a home. Although i did it through M&T this is the same thing. Link [http://www.us.hsbc.com/1/2/3/personal/home-loans/mortgage/mortgage-programs/first-time/first-home](http://www.us.hsbc.com/1/2/3/personal/home-loans/mortgage/mortgage-programs/first-time/first-home) --- _[View the full topic](https://forums.speedlife.net/t/individual-mortgage-bailouts-on-the-way/45678)._