Mortgage Assistance Program
Mortgage assistance programs
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PeoplesBank has the products, experience and local connections to make your homebuying dream a reality.
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Grant Programs for Homebuyers
Equity Builder Program
Helping income-eligible, first-time homebuyers pay for closing and down payment expenses.
Grants up to
$28K
For use toward your down-payment, or
$4,000
For closing cost assistance
- Must be a first-time home buyer
- Income restrictions apply1
- For purchase of a primary residence2
- Borrower contributes a minimum of $500 in down payment funds
- Recipients must attend a homebuying counseling program3
Find out if you are eligible
Our licensed Mortgage Loan Officers will determine eligibility and walk you through the application process.
Find a loan officerHousing Our Workforce
Down payment assistance grant to allow working individuals and families to be able to afford purchasing a home.
Grants up to
$21K
For use toward your down-payment, or
$4,000
For closing cost assistance
- Income restrictions apply1
- For purchase of a primary residence2
- Borrower contributes a minimum of $2,000 toward purchase of home
- First-time homebuyers must attend a homebuying counseling program3
Ready to learn more?
PeoplesBank Mortgage Loan Officers can help find the loan assistance program that is right for you.
Connect with usLift Up Homeownership
Enhanced down-payment and closing cost assistance for first-generation home buyers4.
Grants up to
$40K
For purchase of primary residence
- Must be a first-generation home buyer
- Income restrictions apply1
- For purchase of a primary residence2
- Borrower contributes a minimum of $1,000 toward purchase of home
- Recipients must attend a homebuying counseling program3
Still have questions?
Our team is trained on all of the latest Mortgage Assistance Programs in your market.
Get started
Special programs for residents of Massachusetts
You may be eligible for MHP ONE and MHP ONE+ homeownership programs, which offer affordable mortgage options to low-to-moderate-income, first-time home buyers.
Learn moreHomebuying resources
With insights on topics from how escrow works to private mortgage insurance (PMI), our resource library has the tools you need to start your homebuying journey with confidence.
Browse our articlesMeet your new, dedicated loan officer
Our experienced team specializes in helping first-time buyers achieve homeownership. Each loan officer is certified and committed to finding the best solution for your unique situation.
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413.221.4131
Gulasar Niyazova
Vice President, Mortgage Loan Officer
NMLS ID# 1420818
Eric Coutinho
Assistant Vice President, Mortgage Loan Officer
NMLS ID# 1801388
Vincent Celentano
Assistant Vice President, Mortgage Loan Officer
NMLS ID# 552467
Mavis Charles-Durham
CRA Mortgage Loan Officer
NMLS ID# 632468
Conditions / Disclaimers
All grants made available through Federal Home Loan Bank (FBLB) of Boston. Grant funds are from a pool of monies provided by the FHLB and are available on a first-come, first-served basis. All loan applications are subject to credit approval. Funds are not guaranteed. Restrictions may apply.
1 Equity Builder Program available to households with incomes at or below 80% of the area median income (AMI) based on the property location (adjusted for family size). Housing Our Workforce available to households earning more than 80% and up to 120% of the area median income (AMI) based on the property location (adjusted for family size). Lift Up Homeownership available to households headed by first-generation homebuyers earning up to 120% of the area median income (AMI) based on the property location (property must be in New England).
2 Recipients must attend a homebuyer education or counseling program through a FHLB approved homebuyer counseling organization.
3 Mortgage is for purchase of a primary home, 1-4 family owner occupied.
4 First-generation buyers include first-time homebuyers whose parents and/or legal guardian of at least one borrower does not currently own a home in the United States and has not previously owned a home in the United States or at least one borrower has aged out of foster care.