WCCU FHLBB Mortgage Grant

Administered by: Westerly Community Credit Union / Federal Home Loan Bank of Boston · City · Grant

Funding status: Active

How much assistance

Up to $30,806 (Grant)

Eligibility

  • First-time buyer required: No
  • Credit score minimum: 620
  • Geographic restrictions: Owner-occupied primary residence in Rhode Island, New London County CT, or Windham County CT
  • Homebuyer education required: Yes

How to Apply for WCCU FHLBB Mortgage Grant

Step 1: Contact Westerly Community Credit Union to apply. Minimum $500 down payment required from borrower's own funds (no gifts). Homebuyer education and counseling are required. PMI is required.

Visit program website

Notes

Funded by Federal Home Loan Bank of Boston (FHLBB). Subject to availability of funds. Grant can be used for down payment, closing costs, up to 2% interest rate buydown, and rehabilitation assistance. First-time homebuyer status is NOT required.

Cities Where This Program Is Available