Hometown Mortgage offers homebuyer grant programs Available to low- and moderate-income homebuyers across New England

Hometown Mortgage, a division of bankESB, recently announced that three homeownership assistance programs will soon be available to lower-income homebuyers across Massachusetts and neighboring states.

Hometown Mortgage has been selected to participate in three grant programs funded by FHLBank Boston. The Equity Builder Program provides grants of up to $32,099 to income-eligible, first-time homebuyers to help with down payment or closing costs or to supplement rehabilitation costs associated with the purchase. The Housing Our Workforce Program provides grants of up to $25,000 toward down payment or closing costs. Funds will be available starting April 1.

The FHLBank Boston Lift Up Homeownership Program provides grants of up to $40,000 toward downpayment or closing costs for first-generation homebuyers. This program will begin on April 1.

Last year, Hometown Mortgage borrowers received nearly $3.5 million in grants from their participation in the FHLBank Boston programs. For 2026, Hometown Mortgage hopes to raise that amount across the three grant programs.

For all programs, applications are submitted, and grants are awarded on a first-come, first-served basis for as long as funds remain available. Only owner-occupied units intended to be used as the homebuyer’s primary residence are eligible for funding. Eligible units include one- to four-family properties, townhouses, and condominiums. Income restrictions apply. For all FHLBank Boston programs, homebuyer counseling courses through an approved agency are required.

Other requirements and restrictions may apply. For more information and to determine eligibility, contact a Hometown Mortgage loan officer at 855.230.3939 or at HFGmortgage.com/grant-programs.