Savings Bank of Danbury Offers Assistance to Homebuyers Through FHLBank Boston Programs

Savings Bank of Danbury is an approved participant of the Federal Home Loan Bank of Boston’s homeownership assistance program. The Equity Builder Program provides assistance to income-eligible homebuyers who are purchasing one- to four- family homes that will serve as their primary residence.

Equity Builder Program (EBP) provides grants to financial institutions to help local first-time homebuyers with down payments and closing costs as well as homebuyer counseling and rehabilitation assistance. Borrowers earning up to 80% of the area median income are eligible to receive up to $30,806 in assistance on a first-come, first-served basis. Buyers must complete homebuyer education/counseling.

“These grant programs are designed to ease some challenges associated with a home purchase, particularly at a time when home prices have risen sharply and are beyond the reach of many individuals and families. We are pleased to participate to help borrowers become homebuyers, while also supporting the financial stability and vitality of our communities,” said Martin Morgado, President & CEO, Savings Bank of Danbury.

Savings Bank of Danbury is approved for $350,000 through the EBP depending on availability of funds in 2024.

To learn more about applying for assistance through this programs, please contact Brenda Corbo at

About Savings Bank of Danbury

Established in 1849 and headquartered at 220 Main Street, Danbury, Savings Bank of Danbury is a mutual savings bank with assets in excess of $1.6 billion. Savings Bank of Danbury has 16 branch offices in Bethel, Brookfield, Danbury, New Fairfield, New Milford, Newtown, Norwalk, Southbury, Stamford, and Waterbury. Stamford Mortgage Company, a division of Savings Bank of Danbury, has a local office on Summer Street in Stamford. Savings Bank of Danbury is committed to serving their community. For more information about Savings Bank of Danbury, visit

About FHLBank Boston

The Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing finance in the six New England states. Its mission is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. The Bank also develops and delivers competitively priced financial products, services, and expertise that support housing finance, community development, and economic growth, including programs targeted to lower- income households.