Bluestone Bank Selected as Approved Lender for MassHousing’s MassDREAMS Grant Program
MassDREAMS grant provides support to first-time homebuyers who have been disproportionately impacted by COVID-19
RAYNHAM, Mass., September 28, 2022 /PRNewswire/ — BluestoneBank is pleased to announce its official participation in MassHousing’s MassDREAMS grant program. The program provides support, including increased down payment assistance, to people who have been hard hit by COVID-19. Grants of up to $50,000 will provide eligible recipients with a down payment and closing cost assistance, with no repayment required or conditions. First-time home buyers who currently reside in certain disproportionately affected communities are eligible to apply for the program. If approved, the funds can be used to purchase a primary residence or condominium anywhere in Massachusetts. The entire program is limited to $65 million and is available on a first-come, first-served basis.
“We are very proud to be one of 55 approved lenders participating in MassHousing’s MassDREAMS grant program,” said Mike Kemple, senior vice president and senior residential lending officer for Bluestone. “At Bluestone, we are always on the lookout for the best programs that can positively impact people in our communities. Thanks to the MassDREAMS program, home ownership following a global pandemic is now a reality.”
Bluestone Bank is a community and local residential and commercial lending financial institution that offers affordable mortgage and home equity options. Its experienced loan officers are experts in helping clients find the best financing options available to them. All your home financing needs can be met in one place.
Requirements to apply for a grant include being a first-time buyer of a single-family home, condominium, or two- to four-family home, using a MassHousing or MHP mortgage, and currently living in one of 29 eligible cities. . Eligible cities include, but are not limited to, Attleboro, Boston, Brockton, Fall River, New Bedford, Quincy, and Taunton. To learn more about MassDREAMS and to see if you might be eligible, visit mymasshome.org.
About Bluestone Bank
Bluestone Bank, with $1.3 billion in assets, is a full-service bank offering personal and business banking, as well as financial planning services through its Bluestone Wealth and Trust division. The bank has 12 banking offices and 2 loan origination offices in southeastern Massachusetts with branches in Bridgewater, East Bridgewater, Lakeville, Mansfield, Norton, Pembroke, Plainville, Raynham, Taunton and West Bridgewater. Visit bluestone.bank for more information. Bluestone Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and a member of the Depositors Insurance Fund (DIF). Bank ID NMLS #403265. Bluestone Bank is an equal housing lender.
Media Contact Bonnie Taylor[email protected]702-300-5690
View original content for multimedia download: https://www.prnewswire.com/news-releases/bluestone-bank-selected-as-approved-lender-for-masshousings-massdreams-grant-program-301635083.html
SOURCE Blue Stone Bank