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Down Payment Assistance

This project is funded by the
Town of Great Barrington through the Community Preservation Act.


• Down payment assistance loans, up to 10% of the purchase price of the home (to a maximum of $25,000), will be given to homebuyers who qualify with participating banks. This loan can be combined with other programs, such as first time home buyer programs and Federal Home Loan Bank grants.

The loans will be on a first-come, first-served basis — with a proven mortgage commitment from a participating lender.


 Homebuyers must agree to repay the loan in full when the house is sold or transferred, unless the selling price is less than 90% of the original purchase price of the house.


Applicants do not need to live in Great Barrington, but the home being purchased must be located in Great Barrington and used as their principal residence. 



Households can make no more than 100% of Area Median Income.


Standard secondary market underwriting criteria determined by participating lender.


Borrowers cannot own any other residential properties.


Homebuyer counseling must be completed by borrowers if they are a first-time homebuyer.


Multi-family homes of up to 4 units qualify, but it must include an owner-occupied primary residence.

Income Limits per Household   

(100% of Area Median Income*)

1 person - $73,990          

2 person - $84,560          

3 person - $95,130          

4 person - $105,700          

5 person - $114,156  
6 person - $122,612
7 person - $131,068  

8 person - $139,524


Participating lenders

• Adams Community BankContact Jackie McNinch:

Bay Equity Home Loans 
— Contact Sierra King Watson:


• Berkshire Bank — Contact
Louann Harvey: 413-644-3537

• Greylock Federal Credit Union — Contact Erin Carlotto: 413-347-6114

Lee Bank — Contact
Bonnie Masefield: 413-243-9290

Mountain One Bank — Contact Jay Bianchi
: 413-597-1205

NBT Bank — Contact
Robert Esposito: 413-281-9836

The Pittsfield Cooperative Bank — Contact Spring Burke: 


Salisbury Bank — Contact
Andrea MacArthur: 860-453-3531

Total Mortgage — Contact 
Alesia Warner: 860-806-0009

* As defined by the Community Preservation Coalition Guidelines


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