Equity Builder Program

We understand the challenges that come with purchasing your first home.

No matter how much you plan and save, sometimes you need a little extra help!

As a qualified first-time home buyer in the Federal Home Loan Equity Builder Program (EBP), you may be eligible for up to $30,806 in down payment and closing costs assistance, on a first-come, first-serve basis.*

If you’d like to learn more or schedule a personal consultation, please fill out the form below.

How does the Equity Builder Program work?

The Equity Builder program provides eligible homebuyers with up to $30,806 in grants to help with down-payment or closing costs. This grant does not require repayment, as long as you don’t sell your home during the first five years of ownership.

The number of available grants is limited, and awarded on a first-come, first-served basis.

Eligibility

• Available to households earning 80% or less of the HUD area median income of their future property

• Future property must be a one- to four-family, owner-occupied, primary residence

• Recipient must attend a homebuyer education/counseling program, and be a first-time homebuyer.

• Homebuyer must make a minimum down payment of at least $500.

Contact Us to Learn More and Get Started

Ed Bidlack, Vice President, Senior Residential Banking Team Leader 

NMLS# 16682

Phone: 1 (603) 526-5606   |   edward.bidlack@ledyard.bank

178 County Road, New London, NH 03257


 

Cody Marshall, VP, Financial Center Manager

NMLS# 1165771

Phone: 1 (603) 640-2670   |   cody.marshall@ledyard.bank

38 South Main Street, Hanover, NH 03766




 

Tiffany Staples, Residential Banking Advisor

NMLS# 2048651

Phone: 1 (603) 415-2759   |   tiffany.staples@ledyard.bank

1 Pillsbury Street, Suite 303, Concord, NH 03301

* Annual household income restrictions apply. Program must be used to purchase a primary residence. Funds are issued in the form of a restricted grant; certain restrictions apply. Offer subject to change or end without notice. 

Grant is provided by the Federal Home Loan Bank of Boston through their Equity Builder Program. Purchase must be for owner-occupied primary residence. Eligible homebuyer must contribute a down payment of at least $500 at time of purchase. This contribution must be the homebuyer’s own funds and not a gift or gift of equity. The homebuyer may receive an additional gift or gift of equity in the transaction, however these sources of funds will not count toward the $500 minimum down payment requirement.  Interest will not accrue on the grant and the proceeds will only be due if the property is sold within the first five years of home ownership. May not be combined with any other type of down payment programs.  Credit and property approval required.  

Ledyard National Bank NMLS#407525