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Equity Builder Program

Equity Builder Program

Equity Builder Program

Equity Builder Program Grants

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

The EBP provides income-eligible homebuyers with up to $29,000 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 during 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.

This program is similar to the Housing Our Workforce Program, but with lower income limits and more allowable uses of grant funds.


  • 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.
  • Homeownership education and counseling from an approved agency is required for first-time homebuyers only.

Find Out if You Qualify

Have a conversation with one of our mortgage lenders today about the Equity Builder Program. We’ll be able to tell you if you qualify. 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

Qualifying borrowers can receive up to $25,000 in matching down payment assistance through the Housing Our Workforce Program.


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


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