Lift Up, Equity Builder and Housing Our Workforce Grant Programs

Bay State Bank is proud to offer the Lift Up Homeownership Program, Equity Builder Program (EBP) and Housing Our Workforce (HOW) funded by the Federal Home Loan Bank of Boston.

Lift Up Homeownership

Lift Up Homeownership awards grants of up to $40,000 to first-generation homebuyers with incomes up to 120% of the area median income who are purchasing their first home to help them with down payments and closing costs. Beginning in 2026, eligibility for the Lift Up Homeownership program will be exclusively for first-generation homebuyers, subject to self-certification.

Equity Builder Program (EBP)

Equity Builder Program (EBP) provides grants of up to $32,099 to households earning up to 80% of the area median income for down payments, closing costs, and rehabilitation assistance.

This program is available for a limited time only. Funds will be awarded on a first-come, first-served basis and are not guaranteed by Bay State Savings Bank.

Housing Our Workforce (HOW)

Housing Our Workforce (HOW) offers grants of up to $25,000 for down-payment and closing-cost assistance to households earning more than 80% and up to 120% of the area median income.

Program Qualifications:

• Limited to first-time homebuyers of 1-4 family owner-occupied dwellings,
• Eligibility is based upon income levels for borrowers,
• Subject to underwriting approval,
• Income verification required,
• First-time homebuyer counseling from an approved credit counseling agency required,
• Other conditions apply.

Ready to start the process?

Our team of mortgage professionals are here for you every step of the way. For a rate quote or to learn more about MHFA loans and if they are right for you, contact us today!

Call: (508) 890-9060 | Email: lending@baystatesavings.com