Torrington Savings Bank FHLB Equity Builder Program

Administered by: Torrington Savings Bank / FHLBank Boston · City · Grant

Funding status: Active

How much assistance

Up to $25,000 (Grant)

Forgiven after 5 years of owner-occupancy. Subject to recapture if home is sold within 5 years of purchase.

Eligibility

  • Income limits: At or below 80% of area median income (AMI)
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years.
  • Geographic restrictions: Must purchase a 1-4 family owner-occupied primary residence. Available through Torrington Savings Bank.
  • Homebuyer education required: Yes

How to Apply for Torrington Savings Bank FHLB Equity Builder Program

Step 1: Contact Torrington Savings Bank's mortgage team to apply. Grants are limited and awarded on a first-come, first-served basis. Applicants must complete an approved homebuyer education course.

Visit program website

Notes

Funded by FHLBank Boston. Limited number of grants available each year.

Cities Where This Program Is Available