Mar 21, 2024 -
As a committed partner to the communities it serves, Ledyard National Bank is focused on addressing the current housing crisis in the Upper Valley, Kearsarge and Capital regions with the Equity Builder and Housing Our Workforce programs.
- For those looking to purchase their first home in the region, we are pleased to participate in the Federal Home Loan Bank of Boston's Equity Builder Program, offering down payment and closing cost assistance as well as new home buyer credit counseling services. Financial institutions are given federal grants to assist households at or below 80 percent of the area’s median income level and borrowers are eligible to receive up to $30,806 on a first-come, first-serve basis.
- The Housing Our Workforce Program (HOW) is funded by the Federal Home Loan Bank of Boston. The program provides down payment and closing cost funds, up to $25,000, to income-eligible homebuyers purchasing a one- to four-family, owner occupied, primary residence. The number of available grants is limited, and awarded on a first-come, first-served basis.
These program offerings from Ledyard reflect the organization’s belief that everyone deserves the chance to improve both their financial circumstances and their living conditions, according to Josephine Moran, President and CEO. “Utilizing the Equity Builder and HOW programs to assist homebuyers is a critical component in ensuring that our communities continue to thrive. We’re pleased to take a leading role in removing barriers and expanding access to first-time homeownership in the areas we serve. These programs offer more than just a loan, they can be the foundation that help change someone’s life.”