MARLBOROUGH – St. Mary’s Credit Union has been approved to participate in the Lift Up Homeownership program.
This is a pilot program through the Federal Home Loan Bank of Boston. It is designed to provide financial assistance to people of color purchasing their first home.
Through the Lift Up Homeownership program, people of color who earn up to 120% of the area median income are eligible to receive up to $50,000 in down payment and closing cost assistance on a first-come, first-serve basis to purchase their first New England Home.
“At a time when home prices and mortgage interest rates have risen sharply in New England, the dream of owning a home is beyond the reach of many,” said Vice President of Real Estate Lending at St. Mary’s Melissa Eagles. “St. Mary’s Credit Union is pleased to participate in the Lift Up Homeownership program and offer people of color a critical stepping stone to realizing their homeownership goals.”
The homebuyers will be required to complete a homebuyer counseling program before they receive funds through the program.
To learn more about applying for homebuying assistance through the Lift Up Homeownership program and other programs, contact Maria Mendoza at [email protected] or 774-245-8786 or Karen Mitchell at [email protected] or 774-424-8627.
