Equity Builder Program

Equity Builder Program Features

Grant money* is available for income-eligible** first-time homebuyers
Funds can be used to assist with down-payment or closing costs
Funds are awarded on a first-come, first-serve basis – while they last

*Grant is provided by StonehamBank.

**Buyers eligible to receive assistance through the Equity Builder Program are individuals and households earning no more than 80 percent of the area median income, based on the future address of a primary residence located in Massachusetts. To be eligible to receive assistance through the Equity Builder Program, buyers must attend homebuyer education courses. Interest would not accrue on the grant and the proceeds would only be due if the property is sold, transferred or refinanced within the first five years. Some restrictions may apply.