Greylock Federal Credit Union achieved the $1 million mark in down payment assistance in 2025, the impact of which totaled more than $1.2 million benefitting 42 households in the Berkshires.
“This is really exciting news,” said Tara McCluskey, Vice President, Mortgage Originations. “We’re so proud of the work we’ve done and the progress we’ve made. In 2020 when this partnership started, we facilitated $265,000 in downpayment assistance. To break a million is a huge achievement.”
Down payment assistance (DPA) is funded through partnerships with Federal Home Loan Bank’s Lift Up Grant, Equity Builder Grant, and Housing Our Workforce programs; MassHousing DPA, De Mayo Grant, and others. The funds are available to income-eligible buyers and can bolster a down payment or help cover closing costs.
In 2025, 73% of Greylock mortgages were made to first-time home buyers. Greylock leads the Berkshire County mortgage market with 23% market share, nearly double that of the next competitor. This market share dominance reinforces brand strength and the trust that credit union members and the Berkshire community have in Greylock.
“The pool of funds is limited, but we’re getting ready to go into a new grant season,” said McCluskey. “It’s an excellent time to work with Greylock on a mortgage, whether you’re a first-time buyer or looking to grow into a larger home. Reach out to us – we’re here to help!”