Adams Community Bank is, once again, pleased to announce its approval by the Federal Home Loan Bank to participate in their Equity Builder Grant Program. The bank has been approved to fund up to $150,000 in grants to qualifying borrowers on a first come, first served basis. Applications will be accepted beginning March 4th.
Grants of 5% of the purchase price of a home, with a maximum grant of $15,000 will be offered to qualified borrowers.
To qualify a buyer must intend to live in the property as a primary residence, cannot own another home, make no more than 80% of the area median income, meet applicable credit standards and participate in a home buyer education/counseling program.
In addition to the grant funds, Adams Community Bank will offer closing cost concessions to eligible borrowers. Please call one of our Adams Community Bank Mortgage Officers listed below for further details or to refer your buyers.
NMLS ID: #759491
Dawn M. Lampiasi
NMLS ID: #462117
Patricia A. Carpenter
NMLS ID: #462116
NMLS ID# 763685
Adams Community Bank
NMLS ID: # 719147