First County Bank Offers Homebuying Assistance to People of Color Through FHLBank Boston’s Special Purpose Credit Program
STAMFORD, CT., June 13, 2024 – First County Bank has been approved to participate in the Lift Up Homeownership program, a special purpose credit program offered by Federal Home Loan Bank of Boston (FHLBank Boston) to provide financial assistance to people of color purchasing their first home.
Through Lift Up Homeownership, people of color earning up to 120% of the area median income are eligible to receive up to $50,000 in down-payment closing-cost assistance on a first-come, first-served basis to purchase their first home in New England. Participating homebuyers are required to complete a homebuyer counseling program prior to receiving a program grant.
“First County Bank is pleased to participate in the Lift Up Homeownership program to offer community members an important tool that can help build wealth and bring stability to their lives,” said Robert Granata, Chairman and Chief Executive Officer, First County Bank.
Eligible buyers include borrowers who are Black/African American, American Indian/Alaska Native, Hispanic, Asian, and Native Hawaiian/Pacific Islander.
To learn more about applying for homebuying assistance through the Lift Up Homeownership program and other programs First County Bank offers in partnership with FHLBank Boston and other organizations, please contact one of our Mortgage Loan Originators by visiting our website: Firstcountybank.com/mortgage-center/mortgage-experts/.
About First County Bank
First County Bank, headquartered in Stamford, CT for over 170 years, is an independent mutual community bank with 13 branches in Stamford, Norwalk, Darien, Greenwich, Fairfield, New Canaan and Westport offering deposit products, mortgages, wealth management, business banking services, and a full array of digital banking products including mobile and online banking. First County Bank has more than 220 employees, assets in excess of $2 billion and is a winner of the Hearst Connecticut Top WorkPlaces Award 2020-2023. For additional information, please visit www.firstcountybank.com, or follow us @Firstcountybank on Facebook, Instagram, X, and LinkedIn.
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About FHLBank Boston:
Federal Home Loan Bank of Boston is a cooperatively-owned wholesale bank for housing finance in the six New England states. Its mission is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. The Bank also develops and delivers competitively priced financial products, services, and expertise that support housing finance, community development, and economic growth, including programs targeted to lower-income households.
