SUBJ: COAST GUARD MUTUAL ASSISTANCE (CGMA) CLOSING COST ASSISTANCE

R 141330Z JUL 11ALCOAST 333/11COMDTNOTE 57601. CGMA HAS MODIFIED ITS PURCHASE ASSISTANCE PROGRAM TO OFFER MOREFLEXIBILITY IN RESPONDING TO FINANCIAL NEEDS RELATED TO A CLIENTSPRIMARY RESIDENCE. THE PROGRAM IS RENAMED CLOSING COST ASSISTANCEAND MAY BE USED UNDER QUALIFYING CIRCUMSTANCES TO HELP COAST GUARDPERSONNEL WITH A NUMBER OF HOME RELATED FINANCIAL ISSUES: PURCHASINGA HOME, SELLING A HOME WHEN OTHERWISE UNABLE TO DO SO AT AN AMOUNTTHAT WOULD COVER CLOSING COSTS, AND REFINANCING A HOME MORTGAGE FORLOWER MONTHLY PAYMENTS OR A BETTER INTEREST RATE. ELIGIBILITY IS NOLONGER CONTINGENT ON MOVING TO A NEW AREA.2. CLOSING COST ASSISTANCE IS NOT AUTHORIZED FOR PURCHASING ORREFINANCING INVESTMENT PROPERTY, AND APPLIES ONLY TO CLOSING COSTS,NOT DOWN PAYMENTS OR ESCROW FUNDS. IN ALL CASES, THERE MUST BE ADEMONSTRATED FINANCIAL NEED.3. FOR MORE DETAILS, CONTACT YOUR LOCAL CGMA REPRESENTATIVE, VISITTHE CGMA WEB SITE, WWW.CGMAHQ.ORG, OR CONTACT CGMA HEADQUARTERS,PHONE 800-881-2462, EMAIL ARL-DG-CGMA(AT)USCG.MIL.4. RADM RONALD T. HEWITT, ASSISTANT COMMANDANT FOR HUMAN RESOURCES,SENDS.5. INTERNET RELEASE AUTHORIZED.