Homefront Financial Security Loan Program

A low interest loan program for all resident reservists and Massachusetts National Guard members.

Who is eligible

All members of the Massachusetts National Guard and resident reservists who have been called to active duty, either at home or abroad, since September 11, 2001.

Terms of loan

Funds under this program are limited to one application (loan) per borrower, not to exceed $10,000.

  • The length of loan is limited to the terms of initial call up letter and extensions, plus two years.
  • Interest rate is 3%.
  • The borrower will not be required to make payment on the loan, and interest will be deferred until completion of active service. While interest and principal are deferred until return, interest will accrue for the period of active duty.
  • Upon return, the borrower will be required to begin making monthly payments, including interest and principal, to the financial institution for a period of two years.

How to participate

Applications are available at participating banks. (See list below.)

Participating banks

  • Central Bank
  • Citizens Bank
  • Compass Bank
  • The Co-operative Bank
  • Eastern Bank
  • Florence Savings Bank
  • Framingham Co-operative Bank
  • Hyde Park Co-operative Bank
  • Mayflower Co-operative Bank
  • Middlesex Savings Bank
  • Reading Co-operative Bank
  • Rockland Trust Company
  • Salem Five Cents Savings Bank
  • South Shore Savings Bank
  • Sovereign Bank
  • Stoneham Co-operative Bank


State Treasurer's Office
One Ashburton Place
Boston, MA 02108-1608
617-367-3900, Ext. 530

date: October 24, 2008