Keller Williams Realty Boston - Kathleen Alexander-Creative Living

Yes, there is Down Payment Assistance available!

Down Payment Assistance Programs

If you are a “first time homebuyer” which means you have not owned a home in the prior 3 years and have less than $75,000 in assets, you may be eligible for DPA (down payment assistance). There are a number of different DPA programs available in the Greater Boston area depending on where you currently live or wish to purchase a home and your household income amount. Some DPA programs are grants so there is no repayment requirement, others are loans at discounted rates, and others have forgiveness clauses after a certain number of years in the home.

Click through on the links to find out more about each program and start your process!

ONE Mortgage: https://www.mhp.net/one-mortgage

Saving Towards Affordable Sustainable Homeownership (STASH): https://mahahome.org/STASH

Equity Builder Program (EBP): https://www.fhlbboston.com/fhlbank-boston/ebp-overview#/

Housing Our Workforce (HOW): https://www.fhlbboston.com/fhlbank-boston/how-overview#/

Lift Up Homeownership (LUH): https://www.fhlbboston.com/fhlbank-boston/lift-up-homeownership#/

Mass Housing DPA programs and MIPlus: https://masshousing.com/home-ownership/homebuyers/homebuyer-loans

Boston Home Center (for residents of Charlestown, East Boston, Back Bay/Beacon Hill, Central, South Boston, South End, Fenway/Kenmore, Allston/Brighton, Jamaica Plain, Roxbury, Dorchester, Mattapan, Roslindale, West Roxbury, Hyde Park): https://www.boston.gov/departments/housing/find-financial-help-owning-home

What’s the first step I should take?

To start on your homeownership journey and be eligible for a program, the best place to start is by taking a CHAPA-approved Homebuyer 101 class. Completing this course provides you with a certificate and access to multiple loan programs as well as down payment assistance.

Below are links to a number of agencies around the area where you can take the Homebuyer 101 class. Many are available virtually via Zoom. Some offer classes in Spanish, Chinese or other languages as well as English. Take a look and see which one fits for you!

If you prefer a self-paced, on-your-own schedule type of class, you can access the class via Framework at https://learn.frameworkhomeownership.org/.

Organization
Website
Phone number
Allston Brighton Community Development Corporation
http://www.allstonbrightoncdc.org/
(617) 787-3874 x 35
Asian Community Development Corporation
http://www.asiancdc.org/
(617) 482-2380 x208
City of Cambridge Community Development Department
http://www.cambridgema.gov/CDD/
(617) 349-4622
Codman Square NDC
http://www.csndc.com/index.php
(617) 825-4224 x127
Community Service Network, Inc.
http://www.csninc.org/
(781) 438-9254
Financial Education Associates
http://www.money-classes.com/
(888) 839-0963
Massachusetts Affordable Housing Alliance
http://www.mahahome.org/
(617) 822-9100 x303
Medford Community Housing
http://www.medfordcommunityhousing.org/
(978) 317-8998
Neighborhood of Affordable Housing
https://protect-us.mimecast.com/s/uVySCDklvMt3OYOiWGqWP?domain=noahcdc.org
(617) 418-8266
Quincy Community Action Programs
http://www.qcap.org/
(617) 479-8181 x376
Somerville Community Corporation
http://www.somervillecdc.org/
(617) 410-9907
South Middlesex Opportunity Council
http://www.smoc.org/
(508) 620-2402
Veteran Benefits Clearing House Development Corporation
https://www.vbcdevelopmentcorporation.com/
617-516-8627
Urban Edge Housing Corporation
http://www.urbanedge.org/
(617) 989-9318
WATCH CDC
https://www.watchcdc.org/
(781) 891-6689
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