NEWBURYPORT – Newburyport Bank is excited to announce its participation in the Lift Up Homeownership program, a special purpose credit program provided by the Federal Home Loan Bank of Boston (FHLBank Boston) to offer financial assistance to people of color purchasing their first home.
The Lift Up Homeownership program allows individuals and families of color who earn up to 120% of the area median income to qualify for up to $50,000 in down payment and closing cost assistance. This support is available on a first-come, first-served basis to help make homeownership more accessible to people in New England. Before receiving assistance, all participants are required to complete a homebuyer counseling program to ensure they are fully prepared for the responsibilities of homeownership.
“At Newburyport Bank, we believe that homeownership is a powerful tool for building financial stability and creating lasting legacies,” said John Burcke, President and Chief Lending Officer of Newburyport Bank. “We are honored to be part of the Lift Up Homeownership program, and we’re committed to providing the resources and guidance that our community members need to achieve their homeownership goals.”
Eligible buyers for this program include individuals who identify as Black, American Indian/Alaska Native, Hispanic, Asian, or Native Hawaiian/Pacific Islander.
To learn more about applying for homebuying assistance through the Lift Up Homeownership program and other programs available through Newburyport Bank in collaboration with FHLBank Boston, please visit https://www.newburyportbank.com/personal/mortgages.
