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Financial Assistance for Homebuyers

Learn about our financial assistance programs for homebuyers, how to apply, and if you are likely to qualify.

If you are an income eligible first-time homebuyer, we may be able to provide financial help through one of our financial assistance programs. The loan is repaid when you refinance, at the transfer of title, sale of the home, or when you no longer live in your home as your primary residence.

How to Qualify

To qualify for our programs, you need to plan to buy a one- to three-family residential property or condominium in Boston. The home must be your primary residency for the term of the loan.

You also need to:
  • be a first-time homebuyer (you haven't owned a property in the past three years)
  • graduate from our Homebuying 101 class
  • get a first mortgage pre-approval from one of our participating mortgage lenders (mortgage loan must adhere to the Fannie Mae general loan limits), and
  • meet program income and asset limits.

Financial Assistance Programs

first-time homebuyer Program

This program provides eligible home buyers with a deferred payment loan towards a down payment.

Learn more about first-time homebuyer program

One+Boston Homebuyer Program

ONE+Boston offers low fixed interest rates for 30-year mortgages, down payment and closing-cost assistance to first-time buyers.

Learn more about ONE+Boston

Allston/Brighton Homeownership Program

The program offers down payment, closing cost, and heating system repairs for older residents in the Allston and Brighton neighborhoods.

Learn more about Allston/Brighton Homeownership

First Generation Homebuyer Program (STASH)

STASH is a matched-savings program for first-generation homebuyers below the area median income.

Learn more about stash

The Application Process

  1. Read all of the information above about the program you are applying for. Make sure you understand all of the program eligibility requirements, including income and asset limits.
  2. Read the program application and review the checklist. It includes important information about what you’ll need to include in order to submit that application.
  3. Register and complete the Homebuying 101 course. Completing the class is required to be eligible for any homebuyer loan program. Visit the Boston Home Center Classes page to connect with a class close to your neighborhood.
  4. Get a mortgage pre-approval from one of our participating mortgage lenders. Applicants are required to work with one of the approved lenders on the list to be eligible.
  5. Complete the application for your program. Applicants are strongly encouraged to submit their application electronically. 
  6. You can also mail your applications and documents to us. You can send everything to:

The Boston Home Center
43 Hawkins Street
Boston, MA 02114

Homebuying Classes and Workshops

The Boston Home Center offers both workshops and classes for homebuyers.

Boston Home Center Classes are separate from our workshops. Anyone is welcome to take these classes. The Homebuyer 101 class is required to apply for financing programs.

Sign Up for Boston Home Center Classes

Workshops are hosted by Boston Home Center either online or in person. They cover various topics related to our programs and are recommended to those applying for any of our financing programs.

Sign up for Boston Home Center Workshops

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