100th Logo with Tagline

Katahdin Trust Company logo

Equity Builder header

Equity Builder Program 

Thank you for your interest in the Equity Builder Program. Grant funds have been distributed for 2018 and are no longer available.

Get Up to $11,000 in Down Payment and Closing Cost Assistance

Our Equity Builder Program (EBP) helps bridge the gap for eligible homebuyers who are close to being able to buy a home, but who may need a little bit of help. You could get up to $11,000 in Down Payment and Closing Cost Assistance.

  • Available for households earning no more than 80% of HUD Area Median Income, based on property location
  • To qualify you cannot have owned a home in the past three years
  • Recipients must attend homebuyer education/counseling program
  • Limited time program—grant funds are awarded on a first-come, first-served basis

Katahdin Trust has helped several home buyers through this program and looks forward to helping several more with these grant funds.

Contact your local branch to speak to a Katahdin Trust Lender for more information and to see if you qualify.

We want to make your application process as easy and convenient as possible. Check out our Loan Application Checklist.

All loans subject to credit approval. Grant is provided by the Federal Home Loan Bank of Boston. Interest would not accrue on the grant and the proceeds would only be due if the property is sold within the first five years of home ownership. May not be combined with any other type of down payment programs.

A new and improved Katahdin Trust website is coming soon! Learn more!