Webster First joins FHLBank Boston to offer Lift Up Homeownership Program

Updated August 30, 2024  |   Published June 3, 2024

Categories:  
• Home Lending
• Webster First

Webster First is proud to announce we’ve partnered with Federal Home Loan Bank of Boston (FHLBank Boston) to provide financial assistance to homebuyers through the Lift Up Homeownership Program. This program offers down payment assistance and closing cost assistance to people of color buying their first home.

Who is eligible for the Lift Up Homeownership Program

People of color with incomes up to 120% of the area median income are eligible for up to $50,000 in down payment and closing cost assistance toward the purchase of their first home. This includes homebuyers of Black/African American, American Indian, Alaska Native, Hispanic, Asian, Native Hawaiian, or Pacific Islander descent.

Funding for this program is awarded on a first-come, first-serve basis. The homebuyer must contribute a minimum of $1,000. If you have any questions about this program or it’s eligibility requirements, please contact our loan center at loancenter@websterfirst.com.

“Empowering homeownership is not just a mission; it’s a commitment,” said Webster First President and CEO John Thomasian.  “With the FHLB Lift Up grant, we’re not just offering assistance; we’re unlocking dreams, building communities, and fostering a brighter future for all.”

About FHL Bank Boston

FHL Bank Boston is cooperatively owned by New England financial institutions. It provides wholesale funding and liquidity to its members to help these communities thrive. FHLBank Boston is part of the FHLBank System, which was created by Congress to serve the public by enhancing the availability of credit for housing and community development, including programs that target lower-income households.

About Webster First

Webster First Federal Credit Union was founded in Webster, MA in 1928. It is now one of the largest federally chartered credit unions in the state with over 90,000 members, over $1.4 billion in assets, and 13 branches servicing the counties of Worcester, Suffolk, Essex, and Middlesex. Their values include financial strength, exceptional service, and New England authenticity. The credit union is headquartered in Worcester, MA.

Webster First was recently named one of the best regional credit unions in the country by Newsweek based on member reviews and financial performance. They were also named “Top Lender” by Banker & Tradesman for the last two years and have been awarded “Best Credit Union in Central Mass” by the Worcester Telegram & Gazette for the past 5 years. Webster First is an Equal Housing Lender and is insured by NCUA and MSIC.