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Equity Builder Program

Equity Builder Program

Equity Builder Program

Equity Builder Program Grants

We’re proud to participate in the 2020 Equity Builder Program (EBP), funded by the Federal Home Loan Bank of Boston.

The EBP provides eligible households with up to $15,000 that can be used toward their down payment, closing costs, property rehabilitation, and/or homebuyer counseling services. EBP grants are five-year “forgivable” grants – which means they do not need to be repaid, as long as you don’t sell your home for the first five years.*

The funds may be used in conjunction with our specialized loan programs like MassHousing, HomeReady® and Home Possible®. The number of available grants is limited, and awarded on a first-come, first-served basis.


  • Households earning 80% or less of the area median income (AMI) of their future property are eligible to apply. (We can calculate your AMI for you.)
  • The future property must be a one- to four-family, owner-occupied, primary residence.
  • First-time homebuyers must complete an approved homebuyer education course.

Find Out if You Qualify

Have a conversation with one of our lenders today about the Equity Builder Program. We’ll be able to tell you if you qualify with just a few pieces of information. If you do, we’ll be glad to help you prepare an Equity Builder Program grant application.


*A portion of the grant may need to be repaid if you sell your home within the first five years. Households that participate in the Equity Builder Program will receive a Homebuyer Information document that describes the details of the program and other information to assist borrowers in understanding the program, their obligations, and their repayment options.

Related Products and Services

Low-cost MassHousing loans help low- to moderate-income residents of Massachusetts buy or refinance a home.


Loans for low- to moderate-income borrowers featuring low down payments and underwriting flexibility with respect to income and down payment sources.


Grants & mortgages with low (or no) down payment requirements for first-time homebuyers, low- to moderate-income buyers, and military families.