See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 4, 2026
Homebuyer Programs in Revere, MA (2026)
Revere is a diverse coastal city just north of Boston in Suffolk County, known for its iconic Revere Beach and easy MBTA access. With a population of about 60,700 and a median home price around $555,000, Revere offers a relatively more affordable alternative to neighboring Boston. The city offers its own First-Time Homebuyer Down Payment Assistance Program providing $10,000 to qualifying residents. At the state level, the MassDREAMS program provides grants of up to $50,000, MassHousing offers deferred loans of up to $30,000, and the ONE Mortgage Program provides a 30-year fixed-rate mortgage with just 3% down and no PMI. Habitat for Humanity Greater Boston also serves Revere with affordable homeownership opportunities. By combining Revere's local DPA with state programs, eligible buyers could access significant assistance toward their home purchase.
City Programs in Revere
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Revere First-Time Homebuyer Down Payment Assistance Program | Grant | $10,000 | Yes | View → |
- Type:
- Grant
- Amount:
- $10,000
- First-time only:
- Yes
State Programs in Massachusetts
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| 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:
- 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
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| 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 → |
| 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 → |
- 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:
- 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
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| 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 → |
- 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
How to Apply
Step 1: Check your eligibility. The Revere DPA requires household income at or below 80% AMI and at least 2 years of Revere residency. You must be a first-time homebuyer.
Step 2: Complete homebuyer education. You must be enrolled in or have completed a first-time homebuyer course before applying for the Revere DPA.
Step 3: Get pre-approved for a mortgage. You must be pre-qualified for a mortgage before applying for the Revere DPA. Consider working with a MassHousing-approved lender or ONE Mortgage participating lender.
Step 4: Apply for the Revere First-Time Homebuyer DPA online at www.bit.ly/RevereDownPayment. Contact Joe Gravellese at jgravellese@revere.org or the Department of Planning and Community Development at 781-286-8181 with questions.
Step 5: Find a home in Revere. The program requires you to purchase a condo or single-family home in Revere. Qualified applicants have six months upon eligibility verification to enter a purchase and sale agreement.
Step 6: Submit applications for state programs. MassDREAMS and MassHousing DPA can be layered with the local Revere DPA for maximum assistance.
Frequently Asked Questions
How much down payment assistance can I get in Revere?+−
Do I have to be a first-time homebuyer to qualify?+−
Do I have to live in Revere to qualify for the local DPA?+−
What homebuyer education is required?+−
What are the income limits for Revere programs?+−
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