Berkshire Bank Down Payment Assistance Grant
Funding status: Active
How much assistance
Up to $7,500 grant toward down payment and closing costs (Grant)
No repayment required; this is a grant
Eligibility
- Income limits: Low- to moderate-income borrowers earning up to 80% of Area Median Income, OR purchasing a home in a low-to-moderate income census tract
- First-time buyer required: No
- Geographic restrictions: Available in qualifying areas in Massachusetts, New York, Connecticut, Rhode Island, and Vermont where Berkshire Bank operates
- Homebuyer education required: Yes
How to Apply for Berkshire Bank Down Payment Assistance Grant
Step 1: Contact Berkshire Bank mortgage department to apply. Must meet income eligibility requirements (up to 80% AMI) or purchase in a qualifying low-to-moderate income census tract. Two-family buyers must also complete a landlord training course. Available first-come, first-served.
Notes
Can be combined with other local, state, and federal down payment assistance programs. Two-family borrowers must take both homebuyer and landlord training courses.