First Time Homebuyer Programs

Time to open the door to the home you want.

Time to buy your first home, but don’t think you have enough saved or can afford the monthly payments? At Stoughton Co-Operative Bank, we are here to provide you with a few options.  Stoughton Co-Operative Bank has a first-time homebuyer program and has partnered with the Federal Home Loan Bank (FHLBank) of Boston to help make homeownership possible.

Programs are on a first-come, first-serve basis, and First Time Homebuyers must attend a homebuyer education/counseling program. Terms and conditions apply.

The FHLBank Boston’s Equity Builder Program provides eligible homebuyers whose income is at or below 80% of the area’s median income with up to $22,000 in down payment and closing costs.

The Lift Up Homeownership is available for households headed by people of color earning up to 120% of the area median income. Buyers are eligible to receive up to $50,000 in down payment and closing costs assistance.

The FHLBank Boston’s HOW Program is designed to help working individuals and families in the community purchase a home. Eligible homebuyers making 80% to 120% of the area median income can receive up to $20,000 in matching grants for down-payment costs.

Time to Get Started

Here to help neighbors become homeowners.

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Home Equity Loans & Lines of Credit

Take advantage of a smart, easy, and flexible way to finance home improvements, pay for college expenses, consolidate debt, or afford virtually any other life expense.

Learn more about Home Equity options.

We’re Here for You

You have goals, and sometimes it can feel like you don’t have the time to accomplish them all. At Stoughton Co-Operative Bank, we are here to help you reach any goals or dreams you have.

Visit one of our branches.

It’s time to bank local.

To learn more about how Stoughton Co-Operative Bank can help you succeed and reach your goals, call (781) 344-3080, stop by one of our locations, or use our contact form.