Go from renter to first-time homeowner with these affordable housing programs.
If you want to buy a home, there are plenty of financing options to help make it happen. At Newburyport Bank, we support your goal of home ownership, and we’ll do everything we can to get you there. Assistance is everywhere. You just need to know where to look. The following programs are proof that buying a home is often more affordable than you think.
Discounts for First-Time Homebuyers
For first-time homebuyers, Newburyport Bank offers a special rate discount because we’re dedicated to helping make homeownership more affordable for you.
We also offer a $500 credit toward your closing costs. It’s yours when you complete an online homebuyer education and counseling course. Attend at your convenience.
Lift Up Homeownership
The Lift Up Homeownership program awards funding to members on a first-come, first-served basis to provide first-generation homebuyers, as defined by FHLBank Boston, and/or people of color who are purchasing their first home with down-payment and closing-cost assistance. All homebuyers must have incomes up to or below 120% of the area median income to qualify.
Housing Our Workforce (HOW)
This program offers grants to help homebuyers with down-payment and closing-cost assistance. To qualify, buyers should be earning above 80% and up to 120% of the area median income.
Equity Builder Program
If you’re a first-time homebuyer and you earn up to 80% of the area median income, you may qualify for grants to help with down-payment, closing cost, and home rehabilitation assistance, as well as homebuyer education and counseling.
We're here to help
Contact one of our dedicated Mortgage Lenders today to apply for one of these federal programs and take the first step toward buying your dream home.
Disclosures
Federal assistance programs are subject to funds availability. Loans are subject to credit approval. Affordable housing assistance available if the income is less than or equal to 80% of the area median income.