"City of Boston First-Time Homebuyer Program: Offers income-eligible grants for down payment and closing costs on one-to-three family homes or condos in Boston. Assistance can be up to $50,000 for households earning less than 100% of the Area Median Income (AMI), and up to $35,000 for those between 101% and 135% of AMI. Eligibility requires being a first-time homebuyer, having less than $100,000 in assets, and completing a Homebuying 101 class."
"ONE+Boston Program: Combines City of Boston funds with MHP's ONE Mortgage, providing discounted fixed 30-year interest rates and enhanced down payment assistance, without private mortgage insurance (PMI). MassHousing Mortgage and Down Payment Assistance (DPA): Provides fixed-rate mortgages and DPA as a second mortgage for condos statewide. DPA amounts vary by location and income. Massachusetts Affordable Housing Alliance (MAHA) STASH Program: A matched savings program for first-generation, first-time homebuyers. As of 2025, it can provide up to a $20,000 match for homes purchased in Boston."
Multiple government programs assist first-time condo buyers in Boston, administered by the City of Boston Home Center, MassHousing, and the Massachusetts Housing Partnership (MHP). Available assistance includes grants, low-interest fixed-rate mortgages, down payment assistance, and matched savings. The City of Boston program offers up to $50,000 for households under 100% AMI and $35,000 for 101–135% AMI. ONE+Boston pairs city funds with MHP’s ONE Mortgage to provide discounted 30-year rates and no PMI. MassHousing offers DPA as a second mortgage, and MAHA’s STASH can match savings up to $20,000 for qualifying buyers. Common requirements include first-time buyer status, asset and income limits, homebuyer education, primary residency, and lender pre-approval.
Read at Boston Condos For Sale Ford Realty
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