FHLBank Boston Housing Our Workforce (HOW)

FHLBank Boston Housing Our Workforce (HOW) es un préstamo condonable para compradores de vivienda en Rhode Island, a cargo de Federal Home Loan Bank of Boston (via participating member financial institutions). Down payment and closing cost grant assistance offered through FHLBank Boston member institutions to homebuyers in New England (including Rhode Island) earning more than 80% and up to 120% of AMI. Grants are made to eligible borrowers when they close on a mortgage with a participating member; homebuyers cannot apply directly to FHLBank Boston. For 2026, grants of up to $25,000 for down payment and closing cost assistance. Forgivable after five years from the closing date. Los fondos provienen de FHLBank Boston (homeownership set-aside funds).

FHLBank Boston Housing Our Workforce (HOW) ofrece hasta $25,000 de ayuda. Los montos son los máximos publicados por el programa, no una oferta: Federal Home Loan Bank of Boston (via participating member financial institutions) determina cualquier ayuda individual.

FHLBank Boston Housing Our Workforce (HOW) se perdona después de 5 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Pro-rated repayment if the property is sold, transferred, or refinanced within five years of closing (only when calculated repayment exceeds $2,500); refinances may be subordinated at FHLBank Boston discretion. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

FHLBank Boston Housing Our Workforce (HOW) está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Homebuyer income must be more than 80% and up to 120% of AMI (households at or below 80% AMI are instead directed to EBP). Maximum asset cap of $150,000 (includes deposits and cash to close). Owner-occupied primary residence only; any current primary residence must be sold prior to purchase (cannot convert to investment property). Homebuyer must contribute $2,000 of own funds (not a gift or gift of equity), evidenced on the P&S agreement. A signed offer/P&S with property address is required at enrollment; first-come, first-served. Repayment is pro-rated and due only if home is sold/transferred/refinanced within 5 years and only if the repayment amount exceeds $2,500.

FHLBank Boston Housing Our Workforce (HOW) limita el ingreso del hogar al 120% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Income more than 80% and up to 120% of AMI (AMI derived from the specific state/city/town); maximum asset cap of $150,000. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

FHLBank Boston Housing Our Workforce (HOW) atiende a compradores de vivienda que compran en cualquier lugar de Rhode Island.

Las solicitudes de FHLBank Boston Housing Our Workforce (HOW) se tramitan a través de Federal Home Loan Bank of Boston (via participating member financial institutions), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.