The program provides grants to financial institutions to assist households at or below 80 percent of the area median income. Borrowers are eligible to receive up to $22,000 in assistance on a first come first serve basis. Recipients must also complete a homebuyer education/counseling program.
SFCU is eligible to receive up to $220,000 in 2022 through the Equity Builder Program depending on availability of funds.
Subject to credit approval. Must have individual or household income equal to or below 80% 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.
The Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing finance in the six New England states. Its mission is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. The Bank also develops and delivers competitively priced financial products, services, and expertise that support housing finance, community development, and economic growth, including programs targeted to lower-income households.
I sincerely appreciate the personalized experience we receive from all of the staff at SFCU, whether it be the person greeting you at the front door, the tellers, the staff that helps with notarizations, mortgages or wire transfers. I have dealt with all of these areas at the Credit Union and have always been assisted in a timely, friendly and helpful manner. It is by far the best bank/credit union I do and have ever done business with.
I was overall pleased with my experience. Jessica, our Money Management Officer, was easy going and very professional. She understood my circumstance, had compassion and a genuine, caring, pleasant persona for my situation.
Arlene Fortin has always been an absolute pleasure to work with.
Our friend mentioned how great SFCU was to work with. The staff makes you feel welcome. Working with the mortgage team was great and very helpful.
