Down Payment Assistance Programs

This program assists income-eligible homebuyers with up to $30,806 that can be used towards their down-payment and closing costs.*

• Must be a first-time homebuyer
• Available to households with incomes at or below 80% of the area median income (AMI) based on the property location (adjusted for family size)
• Borrowers have to contribute a minimum of $500 in down payment funds
• Must be for an owner-occupied primary residence
• Recipients must attend a homebuyer education or counseling program through a FHLB approved homebuyer counseling organization

*The funds are from a pool of monies provided by the FHLB and are available on a first-come, first-served basis. Funds are not guaranteed. Restrictions may apply.

This program offers down-payment assistance grants to help homebuyers earning above 80% and up to 120% of the area median income. Eligible borrowers may be able to receive up to the lesser of 10% of the purchase price or $25,000 per household. This allows a greater number of working individuals and families to be able to afford purchasing a home.*

• Available to households earning more than 80% and up to 120% of the area median income (AMI) based on the property location (adjusted for family size)
• Borrowers are required to contribute at least 1.5% of the purchase price
• Must be for an owner-occupied primary residence
• First-time homebuyers must attend a homebuyer education/counseling program through a Federal Home Loan Bank (FHLB) approved homebuyer counseling organization

* The funds are from a pool of monies provided by the FHLB and are available on a first-come, first-served basis. Funds are not guaranteed. Restrictions may apply. Funds may be available for non-first-time homebuyers.

This program provides enhanced down-payment and closing cost assistance to help first-time homebuyers earning no more than 120% of the area median income. The program is designed specifically for people of color. Eligible borrowers may be able to receive up to a $50,000 grant.*

• Must be a first-time homebuyer
• Available to households headed by people of color earning up to 120% of the area median income (AMI) based on the property location (property must be in New England)
• Buyers who qualify include Black or African American, American Indian or Alaska Native, Native Hawaiian or Other Pacific Islander, Asian, and/or Hispanic or Latino
• Borrowers are required to contribute at least $1,000 toward the purchase of the home
• Must be for an owner-occupied primary residence
• First-time homebuyers must attend a homebuyer education/counseling program through a Federal Home Loan Bank (FHLB) approved homebuyer counseling organization

* The funds are from a pool of monies provided by the FHLB and are available on a first-come, first-served basis. Funds are not guaranteed. Restrictions may apply.

Ready to begin your journey towards homeownership? Use our Homebuyer Resources page to get started with what you need to know.