Bridgewater Savings has received approval to offer the 2017 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 $11,000 on a first-come, first-serve basis. EBP funds are not guaranteed or reserved in advance for any participating member or home buyer.
Over the previous 7 years, Bridgewater Savings issued 27 grants totaling $334,000 to eligible first time home buyers. Grant money can be used to provide down-payment and/or closing-cost assistance.
Bridgewater Savings Bank is also offering a $400 closing cost discount for eligible grant recipients at closing.
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.