MIAMI – OneUnited Bank is proud to welcome senior banking consultant Marcia Barry-Smith who has over thirty years of high level banking experience in South Florida. Barry-Smith will be responsible for rolling out OneUnited’s UNITY Home Loan Program, an exclusive loan program to accommodate first time homebuyers of low to moderate income and/or for property in low to moderate income census tracts in Miami-Dade County.
OneUnited Bank’s engagement with Barry-Smith is expected to elevate the Bank’s CRA focus and results, while offering a successful specialty home loan program through its Miami branch. With her three decades of experience in banking, Barry-Smith is fluent in branch acquisitions, loan servicing, loan origination, and community reinvestment. It is these credentials paired with her keen knowledge of South Florida’s multi-cultural communities and passion for public and motivational speaking, that makes OneUnited Bank President Teri Williams confident in her decision to add Barry-Smith to the OneUnited Bank team.
“We are excited to add Marcia Barry-Smith’s expertise to better serve the needs of the Miami-Dade County,” says Teri Williams, President & Chief Operating Office. “She has already had an impact with the introduction of the UNITY Home Loan Program.”
Barry-Smith’s first order of business will be to launch the UNITY Home Loan, a 30 year, fixed-rate loan in Miami-Dade County. In order to quality for this loan product, which has a minimum loan amount of $40,000, buyers must provide a 3% down payment, with at least 1% from their own funds. Grant money or a gift from a relative may be added to buyers’ own funds to meet the 3% requirement. If grant funds are involved, subsidy maximum purchase price guidelines will apply. Qualifying properties for the loan program are owner-occupied, single family residences and condominiums in Miami-Dade County.
Interested borrowers may meet Marcia Barry-Smith and hear more about the UNITY Home Loan program at the free H2H Miami Homebuyer’s Club on April 28, 2015 from 6 p.m. to 8 p.m. at the Belafonte TACOLCY Center (6161 NW 9th Avenue, Miami, FL 33127) during which professionals will show consumers how a security deposit, first and last month’s rent over an extended period of time is equivalent to the down payment on a home. It is Williams’ hope that through these monthly events and the UNITY Home Loan Program, OneUnited can increase Miami-Dade residents’ awareness in the possibility of becoming a homeowner.