Three unique programs helping to make homeownership more accessible.
Whether you are a first-time homebuyer, facing affordability challenges or looking for assistance, a homebuyer grant can help on your path to homeownership. In partnership with the Federal Home Loan Bank of Boston, these programs provide additional options to support homebuyer needs. Funding is limited so connect with a Mortgage Consultant today!
Equity Builder Program (EBP)*
Great option for first-time homebuyersProgram features and eligibility overview:
- Offers up to $32,099 in grant assistance for down payments and closing costs
- Household income of 80% or less of the HUD Area Median Income (AMI)
- Buyers must contribute a minimum of $500 of their own funds
- Must be a first-time homebuyer
Housing Our Workforce (HOW)*
Ideal for homebuyers re-entering the marketProgram features and eligibility overview:
- No first-time homebuyer status required
- Provides up to $25,000 in grant assistance
- HOW serves households earning more than 80% to 120% of the HUD Area Median Income (AMI)
- A minimum contribution of $2,000 is required from the buyer
Lift Up Homeownership (LUH)*
Enhancing access for first-time homebuyers across our communitiesProgram features and eligibility overview:
- Program offers up to $40,000 in grant assistance
- LUH supports homebuyers earning up to 120% of the HUD Area Median Income (AMI)
- A minimum contribution of $1,000 is required of the buyer
- Must be a first-time, first-generation homebuyer
Take the Next Step Toward Homeownership.
Our local team offers personalized guidance to help you explore how these programs can benefit you. We’re here to support you every step of the way and look forward to being part of your journey to homeownership.Connect with a Mortgage Consultant today!
*Program funds are limited, subject to program availability and eligibility. This is not a commitment to lend. Credit is subject to credit approval.
Grants can be used for Primary Residence purchases in Massachusetts and Rhode Island. There is a 5-year retention period after which the grant is fully forgiven. A standard Note and Mortgage required by the FHLBB are executed at closing. If the property is sold within the 5-year retention period, the borrower will be required to repay the grant at a pro-rata rate which decreases by 20% for each year of the retention period that has passed. The grant is fully forgiven after the expiration of the 5-year retention period. The grant is partnered with BCSB's Affordable Housing Loan Program, MassHousing programs and BCSB's First Time Home Buyer Program. Home Buyer Education is required. Other restrictions may apply; please inquire for full program terms, conditions and eligibility.
Grants can be used for Primary Residence purchases in Massachusetts and Rhode Island. There is a 5-year retention period after which the grant is fully forgiven. A standard Note and Mortgage required by the FHLBB are executed at closing. If the property is sold within the 5-year retention period, the borrower will be required to repay the grant at a pro-rata rate which decreases by 20% for each year of the retention period that has passed. The grant is fully forgiven after the expiration of the 5-year retention period. The grant is partnered with BCSB's Affordable Housing Loan Program, MassHousing programs and BCSB's First Time Home Buyer Program. Home Buyer Education is required. Other restrictions may apply; please inquire for full program terms, conditions and eligibility.