NH Homebuyers Offered Assistance by Bank of New Hampshire.

NH Homebuyers Offered Assistance through FHLB Boston Program.


NH Homebuyers Offered Assistance

Bank of NH offers assistance through FHLB Boston Program.

Laconia, NH - Bank of New Hampshire has been selected to participate in the Federal Home Loan Bank of Boston's Equity Builder Program, which assists local homebuyers with down-payments and closing costs as well as homebuyer counseling and rehabilitation assistance.

The $3.1 million 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 $11,000 in assistance on a first-come, first-serve basis. Buyers must also complete a homebuyer counseling program.

"We are pleased to be able to offer this assistance to help ease some of the challenges associated with a home purchase. Homeownership is key to building wealth and creating financial stability, and programs that assist homebuyers are a critical component in ensuring that our communities continue to thrive," said Bill Zafirson, Senior Vice President - Chief Retail Lending Officer for Bank of New Hampshire.

Bank of New Hampshire has been approved to offer up to $110,000 in 2018 through the Equity Builder Program depending on availability of funds.

Since 2003, the Equity Builder Program has awarded more than $35 million in EBP funds assisting 3,150 income-eligible households to purchase a home.

To learn more about applying for assistance, please visit BankNH.com to connect with a Mortgage Loan Officer in your area.

Bank of New Hampshire, founded in 1831, provides deposit, lending and wealth management products and services to families and businesses throughout New Hampshire and southern Maine. With 24 banking offices and assets exceeding $1.5 billion, Bank of New Hampshire is the oldest and largest independent bank in the state. Bank of New Hampshire is a mutual organization, focused on the success of the bank's customers, communities and employees, rather than stockholders. For more information, call 1-800-832-0912 or visit www.BankNH.com.

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.


Posted 4/2/18

 

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