Fidelity Bank Offers Programs That Help with Down Payments and Closing Costs

Buying a home is exciting, but saving for a down payment and closing costs can be challenging.

The good news? There are programs that can help. Fidelity Bank participates in homeownership assistance programs through the Federal Home Loan Bank of Boston, designed to support eligible buyers purchasing a primary residence.

What types of assistance are available?

Eligible homebuyers may receive financial assistance to help with:

Down payments
Closing costs
Homebuyer education and counseling

These programs are available for individuals and families purchasing a 1-4 family home, that will serve as their primary residence.

Programs Available Through Fidelity Bank

The Equity Builder Program is designed to support first-time homebuyers with upfront costs. Eligible buyers may receive up to $32,099 in assistance to help cover down payments, closing costs, and more. Homebuyer education is required as part of the program.

The Housing Our Workforce Program helps expand access to homeownership for buyers who may not qualify for traditional assistance programs. Eligible homebuyers may receive up to $25,000 in assistance for down payments and closing costs. First-time buyers are required to complete homebuyer education.

Lift Up Homeownership focuses on supporting first-generation homebuyers, those whose parents do not own a home. Eligible buyers may receive up to $40,000 in assistance, helping make homeownership more attainable across New England.

Why These Programs Matter

With rising home prices, buying a home can be challenging. These programs help reduce upfront costs and provide support along the way. At Fidelity Bank, we’re here to connect you with resources that can make a real difference. Some important things to know are:

Assistance is available to income-eligible homebuyers
Homes must be a 1-4 family primary residence
Funding is limited and available on a first-come, first-served basis
Availability may vary throughout the year

About FHLBank Boston

The Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing finance in the six New England states. Its mission is to provide reliable funding and liquidity to member financial institutions, while supporting housing, community development, and economic growth, particularly for lower-income households.

Take the Next Step

If you’re thinking about buying a home, exploring your options is a great place to start.

At Fidelity Bank, our Home Loan Specialists are here to help you understand these programs, determine if you may qualify, and guide you through the process. Connect with a Fidelity Bank Home Loan Specialist today to learn more.