Our Community Program

We believe in building stronger cities, towns and neighborhoods. Dime's Our Community Program offers financial benefits for people purchasing homes in several Connecticut communities, including Manchester, Vernon, and New London County.

Our goal is to turn home-ownership dreams into reality

$3,000 grants available for down payment and closing costs

Reduced down payments for owner-occupied and investment homes

Mortgage application fee waived

Homebuyer counseling is required for first-time buyers

Finding grant money for you.

Our Community Program grants are issued by Dime Bank as available. We help borrowers locate and obtain down payment and closing cost grants offered by state and federal loan programs.

Let's work on getting you a place of your own.

To qualify for a traditional mortgage, chances are you need an exceptional credit score and tens of thousands of dollars in savings for a down payment. At Dime Bank, we know those hurdles are too high for many prospective buyers. That's why we've created a special program with financial features that lower many barriers to home ownership.

Eligibility is based on property location
Minimum credit score may be as low as 580, depending on qualifying programs
Mortgage Insurance (PMI) is required for loan-to-value ratio greater than 80%
Down payment as little as 3% on single-family homes with PMI; as little as 5% on 2-4 unit homes with PMI
Refinancing opportunities available through the Our Community Program

Financial clarity starts here

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