Leominster, MA – March 19, 2014 – Leominster Credit Union announces that for the third year in a row, they will be providing assistance to first-time homebuyers through a $150,000 grant from the Federal Home Loan Bank’s Equity Builder Program. Eligible homebuyers can receive up to $15,000 in down payment and closing cost assistance.
To qualify, buyers must meet the Equity Builder Program qualifications criteria, which include income limits. According to Heather Dumais, AVP Real Estate Lending, “The income limit for a family of four in Worcester County is $63,900, which is less restrictive than many would expect.”
“For many first time buyers, this assistance can mean the difference of fulfilling their dream of
homeownership,” said Dumais.
Income limits vary from county to county. For more information and eligibility guidelines, call and speak with a mortgage specialist at 800-649-4646. The funds will be available starting in late March and will be distributed until the grant is depleted.