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Get Matched Free →Homebuyer Programs in Everett, MA (2026)
Everett is a Gateway City just north of Boston in Middlesex County, Massachusetts, known for its diverse community and growing housing market. With a median home price around $695,000, Everett offers some of the strongest homebuyer assistance in the state thanks to its Gateway City and MassDREAMS designations. Eligible first-time buyers can receive up to $50,000 in grant funding through MassDREAMS, up to $30,000 in deferred down payment assistance through MassHousing, and affordable fixed-rate financing with no PMI through the ONE Mortgage Program. Locally, the Everett First-Time Homebuyer Down Payment Assistance Program provides up to $20,000 as a forgivable loan, while the North Suburban Consortium offers up to $10,000 in additional forgivable assistance. The MAHA STASH First-Gen Home Program (up to $20,000) and Habitat for Humanity Greater Boston round out the options. By stacking multiple programs, qualified Everett buyers could access over $100,000 in combined homebuyer assistance.
Top Homebuyer Programs in Everett
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Everett First-Time Homebuyer Down Payment Assistance Program | Forgivable Loan | Up to $20,000 | Yes | View → |
| North Suburban Consortium Down Payment Assistance | Forgivable Loan | Up to $10,000 for non-subsidized properties; up to $5,000 for NSC HOME-subsidized properties | Yes | View → |
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
| Habitat for Humanity Greater Boston Homeownership Program | Zero-Interest Loan | Affordable mortgage with monthly housing costs capped at 30% of gross monthly income | No | View → |
| MAHA STASH First-Gen Home Program | Grant | Up to $10,000 grant in Boston; up to $20,000 in other Massachusetts cities | Yes | View → |
| MassDREAMS Down Payment Assistance Grant | Grant | Up to $50,000 for buyers earning up to 100% AMI; up to $35,000 for buyers earning 100-135% AMI | Yes | View → |
| MassHousing Down Payment Assistance | Deferred Loan | Up to $30,000 (below 60% AMI at 0% deferred); up to $25,000 (60-80% AMI at 2%); up to $25,000 (80-135% AMI at 3%) | Yes | View → |
| ONE Mortgage Program | Zero-Interest Loan | 30-year fixed-rate mortgage with 3% down payment and no PMI; qualified borrowers below 80% AMI receive an additional subsidy to lower monthly payments | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $10,000 for non-subsidized properties; up to $5,000 for NSC HOME-subsidized properties
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Affordable mortgage with monthly housing costs capped at 30% of gross monthly income
- First-time only:
- No
- Type:
- Grant
- Amount:
- Up to $10,000 grant in Boston; up to $20,000 in other Massachusetts cities
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Up to $50,000 for buyers earning up to 100% AMI; up to $35,000 for buyers earning 100-135% AMI
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Up to $30,000 (below 60% AMI at 0% deferred); up to $25,000 (60-80% AMI at 2%); up to $25,000 (80-135% AMI at 3%)
- First-time only:
- Yes
- Type:
- Zero-Interest Loan
- Amount:
- 30-year fixed-rate mortgage with 3% down payment and no PMI; qualified borrowers below 80% AMI receive an additional subsidy to lower monthly payments
- First-time only:
- Yes
How to Apply
- Step 1:
Check your eligibility. Most programs require you to be a first-time homebuyer (no homeownership in the past 3 years) and meet income limits based on your household size and area median income (AMI). As a Gateway City, Everett buyers can earn up to 135% of AMI for several state programs. The Everett city DPA program allows income up to 150% AMI.
- Step 2:
Complete homebuyer education. Enroll in a HUD-approved homebuyer education course. Nearby options include classes offered through local housing counseling agencies. Most programs require completion of homebuyer education before you can apply for assistance. The MAHA STASH program requires 8 hours of financial literacy and homebuyer education.
- Step 3:
Meet with a housing counselor. Contact a HUD-approved housing counseling agency for free financial and credit counseling. They can help you understand which programs you qualify for and how to stack multiple forms of assistance. Call (800) 569-4287 to find a HUD-approved counselor near you.
- Step 4:
Get pre-approved for a mortgage. Work with a MassHousing-approved lender or a ONE Mortgage participating lender to get pre-approved. Your lender can help you apply for MassHousing Down Payment Assistance, MassDREAMS, and the ONE Mortgage Program simultaneously.
- Step 5:
Apply for the Everett city DPA program. Contact the City of Everett Planning and Development Department at 617-394-2230 or matt.lattanzi@ci.everett.ma.us to obtain an application for the $20,000 forgivable loan program. Applications are available at the Planning Department or Everett Public Library locations.
- Step 6:
Find a home within program limits. Search for properties in Everett that meet program requirements. The North Suburban Consortium has a purchase price limit of $858,000 for single-unit properties. Confirm limits with your lender before making an offer.
- Step 7:
Submit all assistance applications and close. Once you have a signed purchase and sales agreement, submit applications for MassDREAMS (up to $50,000 grant), MassHousing DPA (up to $30,000), North Suburban Consortium DPA (up to $10,000), and the Everett city program (up to $20,000). Your lender will coordinate applying all approved assistance at closing. Typical closing costs in Everett range from $14,000 to $21,000.