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Find financial help for owning a home

Last updated: 10/31/17

Find financial help for owning a home

Learn out about our downpayment assistance program for first-time homebuyers, educational classes and seminars, and whether you qualify.

Buying a home in Boston? We may be able to give you financial help. Our department can give you up to three percent of the purchase price toward your downpayment and closing costs on one- to two-unit properties and condominiums. We also offer up to five percent on three-unit properties. Our loans offer:

  • no interest
  • deferred payments, and
  • loan is repaid at transfer of title, sale, or at the end of buyer's primary residency.
Still have questions? Contact:
Neighborhood Development
26 Court Street
8th, 9th, and 11th Floors
Boston, MA 02108-2501
United States
Apply for Financial help
Questions?
For our financial services program, We created guidelines and a list of lenders that you can print out. You can also contact us at:

The Boston Home Center
617-635-4663
HomeCenterDND@cityofboston.gov

A home of her own

composite homebuyer kitchen

Thrilled by her new home in a vibrant, culturally diverse neighborhood, Massiel is amazed at her good fortune. Her five-year-old daughter’s future is secure.

Massiel applied for the Roxbury Tenants of Harvard Association, Inc. (RTH) lottery. With City of Boston-approved lender Santander Bank helping her to secure a MHP ONE mortgage and the Boston Home Center helping with downpayment and closing costs, Massiel is now celebrating the joy of homeownership in the kitchen in her own condominium.

Who is eligible?

To qualify for our program, 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
  • have household assets of no more than $75,000 excluding retirement, 401K, and approved IRS savings accounts
  • have a household income that’s no more than 120% of the Area Median Income, and
  • pay at least 1.5 percent of the purchase price on one- to two-unit properties, and 3 percent for three-unit properties. These funds must come from your own money.

How do I get started?

First, you'll have to take the Homebuying 101 class. You can sign up through our website, or through one of our approved partner agencies at the bottom of this page. Also, please join our Homebuyer Club!

Once you take the class, apply for mortgage pre-approval through our participating lenders. After you get approval, you can shop for a home and make an offer.

Apply for our down payment assistance program before you close. You'll need to print out and complete the First-Time Homebuyer Financial Assistance Application. You may also need to fill out a No Income Affidavit and No Child Support Affidavit. The application includes detailed information about what you need to give us.

You can mail your applications and documents to us. We’ll let you know in writing when we get your application. You can send everything to:

The Boston Home Center
Attn: Homebuyer Unit
26 Court Street, 9th Floor
Boston, MA 02108

Approved partner agencies

(For Homebuyer Classes)

PARTNER

CONTACT

Allston-Brighton Community Development Corporation

18R Shepard Street Suite 100, Brighton 02135

 Ivette Morillo

Phone: 617.787.3874

Asian Community Development Corporation

38 Oak Street, Boston, MA 02111

 Lee Lin

Phone: 617.482.2380 x208

Codman Square NDC

587 Washington Street, Dorchester, MA 02124

Abadur Rahman

Phone: 617.825.4224

Massachusetts Affordable Housing Alliance

1803 Dorchester Avenue, Dorchester, MA 02124

 Hilda Fernandez

Phone: 617.265.8995 x313
Fax: 617.265.7503

(Homeowner 201 & 202 Registration)  

Neighborhood of Affordable Housing

143 Border Street, Boston 02128

Carolina Suarez

Phone 617.418.8261

Nuestra Communidad Development Corporation

56 Warren St., Suite 200, Roxbury, MA 02119

Andora Monteiro

Phone: 617.989.9900

Urban Edge

1542 Columbus Avenue, Suite 2, Roxbury, MA 02119

Ginny Gilmartin

Phone: 617.989.9318 Fax: 617.648.0329

Vietnamese American Initiative for Development

42 Charles Street, Dorchester, MA 02122

Linh Nguyen

Phone: 617.822.3717

(All classes are in Vietnamese)