Helping You Become A Homeowner

Becoming a homeowner is a big step and may seem overwhelming. Add to that the media coverage about low housing inventory and high interest rates, and you might even get discouraged.

Rollstone is here to help.

We are proud to offer a number of down-payment assistance programs to empower you to reach your dream of homeownership. Through the Federal Home Loan Bank of Boston (FHLB), Rollstone Bank & Trust offers you:

Equity Builder

The Equity Builder Program (EBP) provides eligible first-time homebuyers with up to $30,806 in assistance towards your down payment, closing costs, or rehabilitation costs associated with home purchase. The grant does not need to be repaid, as long as you do not sell your home during the first five years of ownership.

The number of available grants is limited, and awarded on a first-come, first-served basis.

Housing Our Workforce (HOW)

Get the support you need to buy a home with the Housing Our Workforce (HOW) Program. HOW offers generous down payment assistance, up to 10% of the home’s price or $25,000, whichever is lower. This allows you to put more money down for a more affordable mortgage payment.

HOW provides down-payment assistance to homebuyers earning more than 80% and up to 120% of the area median income. It provides a two-to-one match of down payments made at time of purchase by eligible homebuyers. For example, if a homebuyer makes a $12,500 down payment, as shown on their purchase and sale agreement, the HOW program will provide a match up to $25,000.

Lift Up Homeownership

People of color earning up to 120% of the area median income are eligible to receive up to $50,000 in down-payment closing-cost assistance to purchase their first home. Homebuyers must complete a homebuyer counseling program prior to receiving the grant, and grants are awarded on a first-come, first-served basis.

Buyers who qualify include Black/African American, American Indian, Alaska Native, Asian (Native Hawaiian or Pacific Islander, Hispanic, or Latino. The program is open only to first-time homebuyers.

These grant programs are designed to ease some challenges associated with a home purchase, particularly at a time when prices have risen sharply. Rollstone Bank & Trust is ready to help borrowers become homebuyers while also supporting the financial stability and vitality of our communities.

Contact Us today to learn more or get started on your path to homeownership.