CLAREMONT, N.H. – Claremont Savings Bank has been selected to participate in Federal Home Loan Bank of Boston’s Housing Our Workforce and Equity Builder programs.
Housing Our Workforce is a $2 million program that offers a two-to-one match of down payments made at the time of purchase by eligible homebuyers. Launched in 2019, HOW provides assistance with down payment costs to eligible homebuyers who earn more than 80% and up to 120% of the area median income. Borrowers can receive up to $20,000 in assistance on a first-come, first-served basis from Claremont Savings Bank
Equity Builder Program offers grants to provide households with incomes at or below 80% of the area median income with down payment and closing costs. “I am very excited to share that Claremont Savings Bank is an approved lender able to offer two down payment assistance programs that will help our customers,” said Brandy Blackinton, vice president, retail lending manager. “This allows us to spread assistance to a larger percentage of our community members.”
Depending on availability of funds, Claremont Savings Bank is eligible to receive up to $100,000 in 2019 through HOW. For more information about HOW, EBP, and other available Homebuyer Assistance Programs, please visit your nearest CSB office or visit www.claremontsavings.com/loans/homebuyer-assistance-program.html.
Loans are subject to credit approval. Funds may be limited by availability.