Help with Payments, Closing Costs and More
believe & achieve
Payment assistance for your
path to homeownership
At Rollstone Bank & Trust, your goals come first. We’re proud to offer competitive, specialized programs designed to make homeownership more accessible for Massachusetts residents. Through the Equity Builder Program (EBP), eligible first-time homebuyers can receive up to $29,000 in grants—funded by the Federal Home Loan Bank of Boston (FHLB)—to help cover down payments and closing costs. We also participate in the Housing Our Workforce (HOW) Program, which provides up to 10% of a home’s purchase price or $25,000, whichever is less, to help buyers put more money down and achieve a more affordable monthly mortgage payment.
In addition, Rollstone offers purchase-rehab loans that combine home purchase and renovation costs into one streamlined mortgage, making it easier to unlock your property’s full potential. Whether you’re buying your first home, moving up, or investing in a fixer-upper, Rollstone Bank & Trust is here to guide you every step of the way. Contact us today to learn more about these programs and find the right path to homeownership for you.
Equity Builder Program
The Equity Builder Program* (EBP), funded by the Federal Home Loan Bank of Boston (FHLB) is available at Rollstone Bank & Trust! It provides eligible first-time homebuyers with up to $30,806 in assistance towards your down payment, closing costs, or rehabilitation assistance. The grant does not need to be repaid, as long as you don't 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.
Eligibility
- Households earning 80% or less of the HUD area median income of their future property are eligible to apply.
- The future property must be a one- to four-family, owner-occupied, primary residence.
- Buyers must complete a first time homebuyer class.
Find Out if You Qualify
Contact us today about the Equity Builder Program. We’ll be able to tell you if you qualify. If you do, we’ll be glad to help you with the EBP grant application.
* Grant is provided by the Federal Home Loan Bank of Boston. Buyers eligible to receive assistance are individuals and households earning no more than 80% of the HUD area median income, based on their future address. Buyers must complete an EBP-approved first time homebuyer class. Interest would not accrue on the grant and the proceeds would only be due if the property is sold within the first five years of homeownership. Borrower must be a first time homebuyer.
Housing Our Workforce (HOW) Program
Housing Our Workforce (HOW) provides down-payment assistance to homebuyers earning more than 80% and up to 120% of the area median income.
How does the program work?
HOW 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, FHLBank Boston will provide a match up to $25,000.
Contact us today to learn more about applying for assistance.
* Subject to credit approval. Must have individual or household income more than 80% up to 120% of the HUD median income based on future address to qualify. Must be primary residence. The funds are from a pool of monies provided by FHLB and are available on a first-come, first-served basis. Funds are not guaranteed. Restrictions may apply.
Marcio Cirino
Marcio brings excellence in customer service to his role as Vice President / Retail Lending Officer. After earning his Bachelor’s Degree from Fitchburg State University, Marcio came to work at RBT, and has experience in both consumer and mortgage lending. His patience, attentiveness, and great service will help guide our customers through the process from beginning to end.
NMLS #1224234
Phone 978.343.2217
Email [email protected].
