Homeownership Assistance Programs

Programs are available for a limited time only. Funds will be awarded on a first-come, first-served basis. Federal assistance programs are subject to funds availability and are not guaranteed by Monson Savings Bank. Loans are subject to credit approval.

 

Lift Up Homeownership

Up to $50,000 in Assistance for Homebuyers

The FHLBank Boston's Lift Up Homeownership Program is designed to provide enhanced down-payment and closing cost assistance for people purchasing their first home. 

Equity Builder Program

Up to $25,000 in Assistance for Homebuyers

The FHLBank Boston's Equity Builder Program, offering grants to help first-time homebuyers earning up to 80% of the HUD area median income with down payments, closing costs, home rehabilitation, and homebuyer education and counseling. 

Housing Our Workforce (HOW)

Up to $25,000 in Assistance for Homebuyers

The FHLBank Boston's Housing Our Workforce program, offers grants to help local homebuyers earning more than 80% and up to 120% of the HUD area median income with down payments, closing costs, and homebuyer education and counseling. Buyers must complete homebuyer education/counseling if they are a first-time homebuyer.

Trusted, local lenders ready to help.

Meet Our Residential Lenders

Our experienced, knowledgable and friendly Residential Lenders are ready to help you meet your home financing goals.

  • Terry Poloski

    Vice President
    Residential Lending Officer
    NMLS ID 23405

    (413) 267-1232

    Email Terry Poloski
  • Wil Morales

    Assistant Vice President
    Community Lending Officer

    NMLS ID 1220692

    (413) 267-1213

    Email Wil Morales
  • Charlene Kareta

    Mortgage Originator

    NMLS ID 458963

    (413) 267-1219

    Email Charlene Kareta

From Dreaming to Owning:
Your Homebuyer Toolkit

Buying a home involves learning many new terms and concepts, which can be overwhelming. To help you navigate this process, Monson Savings Bank is giving you access to a helpful Homebuying Resource Center that provides clear, straightforward answers to common questions. We invite you to explore it, so you can feel more confident and prepared as you embark on your journey to homeownership.

Homebuyers Resource Center