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ONE+Boston Homebuyer Program

The City of Boston is introducing a new homebuyer program, ONE+Boston.

ONE+Boston will offer the lowest fixed interest rates available for a 30-year mortgage. It will also provides access to downpayment and closing-cost assistance. We want to increase the buying power of income-eligible, first-time Boston homebuyers purchasing a home within the City. Our goal is to help fulfill the City's pledge to create 1,000 new homeowners by the end of 2023.

What is ONE+Boston?

A mortgage with a heavily discounted fixed interest rate

Using funds provided by the City of Boston, the ONE+Boston interest rates are 0.5% to 1% below the already discounted ONE Mortgage rates.

Includes enhanced downpayment assistance

For those first-time homebuyers who qualify, the City of Boston’s financial assistance will offer enhanced downpayment and closing cost assistance.

mortgage comparison

Applying for the program

Is ONE+Boston for me?
  • Are you a Boston resident? You must be a current resident of Boston and shopping for a home in Boston. 
  • Are you a first-time homebuyer? You can qualify if you haven’t owned a home in the last three years. 
  • Do you meet all of the qualifying requirements for ONE+ Boston Mortgage, including our income limits? Visit MHP’s ONE+Boston webpage.
What are my next steps?
  1. Find out if you are eligible. Visit the One+Boston website for a full list of qualifications.
  2. Take a homebuyer class. Complete an approved pre-purchase homebuyer education class before applying. 
  3. Find a participating lender and meet with them to determine your eligibility for ONE+Boston. Please contact a lender before coming to the Boston Home Center for downpayment and closing cost assistance.