HOLYOKE — For many first-time homebuyers, coming up with a down payment, closing costs and related fees can be a major hurdle when they’re prepping to buy.

This is certainly the case for low- and moderate-income homebuyers in Western Massachusetts, said Amber Coughlin, senior vice president of consumer lending at PeoplesBank.

PeoplesBank, headquartered in Holyoke, has partnered with the Massachusetts Housing Partnership, a public nonprofit group that works on affordable housing with the state, to offer two new mortgage options to lower- and middle-income homebuyers.

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