Hanover, NH: (May 2, 2018) — Ledyard National Bank has been selected to participate in the Federal Home Loan Bank of Boston’s Equity Builder Program, which assists local homebuyers with down-payment and closing costs as well as homebuyer counseling and rehabilitation assistance.

The $3.1 million program provides grants to financial institutions to assist households at or below 80 percent of the area median income. Borrowers are eligible to receive up to $11,000 in assistance on a first come first serve basis. Buyers must also complete a homebuyer counseling program.

“We are pleased to be able to offer this assistance to help ease some of the challenges associated with a home purchase. Homeownership is key to building wealth and creating financial stability, and programs that assist homebuyers are a critical component in ensuring that our communities continue to thrive,” said Mike Urnezis, Senior Vice President, Consumer Lending and Mortgage Lending Officer at Ledyard National Bank.

Ledyard National Bank is eligible to receive up to $110,000 in 2018 through the Equity Builder Program depending on availability of funds.

Since 2003, the Equity Builder Program has awarded more than $35 million in funds assisting 3,150 income-eligible households to purchase a home.

To learn more about applying for assistance, please contact mortgages@nullledyardbank.com or call us at 888-746-4562.