GFA Federal Credit Union

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  • May 13, 2022

Equity Builder and Housing our Workforce Programs

Gina Vecchi, AVP/Retail Mortgage Originator, give us a quick overview of two grant programs available to lenders.

The Federal Home Loan Bank of Boston (FHLB) offers two great grant programs that GFA participates in, the Equity Builder and Housing our Workforce Programs. Each program offers down payment assistance to First-Time Homebuyer’s based on their household size and annual income. The Equity Builder Program offers up to $22,000 towards your down payment and closing costs and the Housing our Workforce program offers a 2:1 down payment match - up to $20,000 (ie: if you put down $7,000, the FHLB will contribute an additional $14,000 towards your down payment).

To see if you meet the income requirements, or for more information on these programs, reach out to me or any of GFA’s Mortgage Originators!

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