2018 Equity Builder Program

There’s a more affordable way to buy your first home

5/3 Adjustable Rate Mortgage
First Time Home Buyers

3.750% RATE
4.727% APR*

At Stoughton Co-Operative Bank, we have a history of helping neighbors achieve the dream of homeownership. Now, we’ve made it even easier by combining a great rate, reduced closing costs and a limited-time government program designed to give more people the keys to buying their first home.

2018 Equity Builder Program

  • Grants up to $11,000 to eligible first time homebuyers
  • Grant funds are available first-come, first served
  • Households with incomes at or below 80% of HUD Area Median Income based on property location
  • Homebuyer education/counseling program attendance required
  • Funded by FHLBBoston

$500 Off Closing Costs - Must present coupon at time of prequalification. Cannot be combined with other loan specials or to refinance a Stoughton Co-Operative Bank mortgage. $500 will be credited at time of mortgage closing. Loan approval is subject to credit underwriting. Limit one per customer, one per household. Not transferable. Expires 12/31/2018. Other restrictions may apply.

See how far your hometown bank will go for you.
To learn more about how Stoughton Co-Operative Bank can help you succeed, call 781-344-3080, stop by one of our locations, or use our contact form.

Additional terms-Rate is effective 3/15/2018 and rate, fees and terms are subject to change without notice. Based upon a loan amount of $180,000 and a loan-to-value of 80% and a 3.750% interest rate, the *Annual Percentage Rate is 4.727%. The rate may increase after consummation. Payments are based on a 30 year term. The payment schedule would be 60 payments of $833.61 per month at an interest rate of 3.750 and 300 payments of $971.61 at an interest rate of 5.250%. Payment amounts do not include taxes and insurance. The actual payment obligation may be greater. Rates are available for the purchase of a single family, owner occupied primary residence for loan amounts up to $424,100. Private Mortgage Insurance (PMI) is required on residential mortgages with less than 20% down payment. All loans are subject to credit and underwriting approval. Additional programs may be available for higher loan amounts and 2-4 family purchases.

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