Equity Builder Program

Metro Credit Union is pleased to be participating in the Federal Home Loan Bank of Boston's Equity Builder Program (EBP).

The Equity Builder Program provides up to $15,000 in grant money to income-eligible first time home buyers. Grant money could be used for your down payment, one time mortgage insurance premium, rehabilitation assistance, and closing costs.

This is a limited time program. Funds are awarded on a first-come, first-serve basis and are not guaranteed or reserved in advance. To be eligible, you must meet income level requirements.**

For more information, contact a Mortgage Specialist at 877.696.3876 for a free consultation.

*Grant is provided by the Federal Home Loan Bank of Boston through their Equity Builder Program. **Buyers eligible to receive assistance through the EBP are individuals and households earning no more than 80 percent  of the area median income, based on their future address. To be eligible to receive assistance through the EBP, buyers must complete a home-buyer-counseling program administered by an agency designated by the EBP-approved member financial institution. The program must include pre-and post-purchase counseling. 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 home ownership. May not be combined with any  other type of down payment programs.