Down Payment Assistance

Bridgewater Savings has received approval to offer the 2019 Federal Home Loan Bank's Equity Builder Program grants for eligible first-time home buyers.

As an approved participant in the Equity Builder Program (EBP), Bridgewater Savings may submit enrollment requests for funding on behalf of income-eligible home buyers. Grant funds are awarded to participating members in increments of up to $15,000 on a first-come, first-serve basis. EBP funds are not guaranteed or reserved in advance for any participating member or home buyer.

In 2018, Bridgewater Savings issued 45 grants totaling nearly $900,000 in down-payment and closing cost assistance to approved first-time home buyers.

Bridgewater Savings Bank is also offering a $400 closing cost discount for eligible grant recipients at closing.

Bridgewater Savings is a NeighborhoodLIFT program approved lender.

Pre-approval from Bridgewater Savings is your first step toward determining eligibility for this $20,000 down payment assistance program. Teachers, military, and first-responders could be eligible for $22,500.

For more information and to register for an Eligibility Determination Session with NeighborWorks, please visit Neighborhood LIFT program.

Bridgewater Savings is a MassHousing Down Payment Assistance (DPA) Program approved lender.

Please visit the MassHousing Down Payment Assistance (DPA) Program page for more information.

Need More Information?

For more information regarding the Equity Builder Program for first-time home buyers, or for a free pre-approval, call 800.356.8622.