Down Payment Assistance up to $25,000 in matching grants.
Fidelity Bank is proud to be a participating lender for the Housing our Workforce program (HOW), funded by the Federal Home Loan Bank of Boston. We are committed to helping clients achieve affordable home ownership, and the HOW program can help make this goal a reality.
The Housing Our Workforce program provides eligible homebuyers with a two-to-one match up to $25,000 for down-payment costs. 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 more than 80% up to 120% of the HUD area median income of their future property
- Future property must be a one- to four-family, owner-occupied, primary residence
- Supports borrowers who are essential to the long-term economic vitality of our communities
- Not limited to first-time homebuyers, but first-time homebuyers must attend homebuyer education/counseling program