Dime’s Our Community Program was created with special benefits designed for individuals and families who are purchasing or refinancing an owner-occupied or investment (1-4 unit) family home in several of our communities, including Manchester, Vernon, and New London County.

Dime’s goal is to provide you with the product and rate that makes owning a home or investment property a reality.


Program benefits:

• $3,500 Dime grant available to be used towards down payment and/or closing costs (subject to availability)
• Application fee waived
• Mandatory homebuyer counseling is required for first-time home buyers
• Eligibility is based on property location
• Can be used in combination with additional State and/or Federal Grants and/or gift funds

• Minimum credit score may be as low as 580 depending on qualifying programs
• Mortgage Insurance (PMI) is required for LTV (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
• All loans are subject to credit and underwriting approval. Additional terms and conditions apply

** Census Tracts are comprised of Low -Mod and Majority Minority Tracts within the County and towns stated above.