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Enhanced down-payment and closing cost assistance designed for people of color looking to buy a home.

Monson Savings Bank is a participant in the Lift Up Homeownership Program, a Federal Home Loan Bank of Boston program designed to provide financial assistance to people of color purchasing their first home. 


Lift Up Homeownership Grants Are Available First-Come, First-Served

 

  • For households headed by people of color earning up to 120% of the area median income
  • First-time homebuyers only
  • Up to $50,000 grant for down-payment and closing-cost assistance
  • Buyers who qualify include Black, American Indian/Alaska Native, Hispanic, Asian, and Native Hawaiian/Pacific Islanders
  • FHLBank Boston defines a person of color for participation in the Lift Up Homeownership program as Black, American Indian/Alaska Native, Hispanic, Asian, and Native Hawaiian/Pacific Islander. Homebuyers will be required to self-certify their race or ethnicity by completing a self-certification form provided by FHLBank Boston. Individuals who do not self-identify their ethnicity or race will not be eligible to participate in this program.  

Want to know more?

Contact a lender below to learn more or call us at (413) 267-4513 .

 

Key Features

  • Down-Payment Assistance
  • Local Processing
  • Closing Cost Assistance
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