Down Payment Assistance up to $29,000
Fidelity Bank is proud to be a participating lender for the Equity Builder Program, funded by the Federal Home Loan Bank of Boston. We are committed to helping clients achieve affordable home ownership, and the Equity Builder Program can help make this goal a reality.
The Equity Builder program provides eligible homebuyers with up to $29,000 in grants to help with down-payment, closing costs, home rehabilitation assistance, and homebuyer education and counseling. This grant does not require repayment, as long as you don’t sell your home during the first five years of ownership.
The number of available grants is limited, and awarded on a first-come, first-served basis.
- Available to households earning 80% or less of the HUD area median income of their future property
- Future property must be a one- to four-family, owner-occupied, primary residence
- Not limited to first-time homebuyers, but first-time homebuyers must attend homebuyer education/counseling program