BAR HARBOR — Bar Harbor Bank & Trust announced the Honor a Frontline Hero Contest, a campaign that gives community members the opportunity to nominate a frontline hero who they feel deserves recognition for their impact in the community. The Bank will accept nominations throughout the month of May, and one nominee will be selected in June to receive $1,000 cash and a $1,000 donation to a nonprofit organization of their choice.
Eligible nominees must be currently employed in one of the following categories: teachers or professors; firefighters; federal/state or local law enforcement; medical providers; nurses, EMTs; and active or former military personnel. Nominees must be a resident of Maine, New Hampshire, or Vermont.
“Frontline workers are rightfully known as heroes because they work very hard to provide the many services that are critical to the health, safety, and vitality of our communities,” said Joseph Schmitt, senior vice president, director of communications and chief marketing officer at Bar Harbor Bank & Trust. “The Honor a Frontline Hero Contest gives us the opportunity to say ‘thank you’ and to extend the impact of their service to a nonprofit organization that is also making a difference in our community.”
Visit refer.barharbor.bank/hero to make a nomination. Only one entry per person. To see a complete list of contest rules, visit barharbor.bank/frontline-contest-rules.
In addition to the contest, the Bank the recently introduced Frontline Heroes Loan, an exclusive loan option for frontline workers looking to purchase homes. The mortgage loan option offers favorable terms that can help lower the barriers to home ownership for individuals who provide critical, frontline services to the community. Features of the Frontline Heroes Loan include:
· Loan-to-Value (LTV) up to 100%
· Maximum seller contribution of 3%
· Minimum borrower contribution of 1% or $1,000 the lesser of the two
· Minimum FICO score of 700
The Frontline Heroes Loan is available to residents of Maine, New Hampshire, and Vermont who are employed as teachers or professors; firefighters; federal/state or local law enforcement; medical providers; nurses, EMTs; and active or former military personnel. Eligible property types include single-family homes and condominiums located in Maine, New Hampshire, and Vermont.
Visit barharbor.bank/frontline-heroes-loan to learn more about the loan and connect with a mortgage loan originator.
