April 17, 2018
Home ownership is key to building wealth and creating financial stability. But for some, amassing a down payment can be a challenge and a potential blockade to reaching the goal of home ownership. Great news! Coastway Community Bank has been selected to participate in the Federal Home Loan Bank of Boston’s Equity Builder Program, which assists with down-payment and closing costs, as well as providing homebuyer counseling and rehabilitation.
What type of assistance can home buyers receive?
Eligible home buyers may receive grants up to $11,000 that can be used towards a down payment and / or mortgage closing costs.
Who is eligible to receive an Equity Builder grant?
Grants are available to households that meet certain income qualifications, based on property location. A Mortgage Loan Officer can determine if you are eligible and recipients of the grant must attend homebuyer education classes.
How long will this program last?
Grants are available on a first come, first serve basis, so act fast to claim yours!
Learn more! Click here to find a Mortgage Loan Officer near you and apply today!