See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 4, 2026
Homebuyer Programs in Woburn, MA (2026)
Woburn is a city in Middlesex County about 10 miles north of Boston, offering convenient access to Interstate 93 and Route 128 along with a mix of residential neighborhoods and a growing commercial corridor. With a median home price around $750,000, purchasing in Woburn requires solid financial planning, but several assistance programs can help. MassHousing offers up to $30,000 in down payment assistance for first-time buyers, and the ONE Mortgage Program provides affordable 30-year fixed-rate loans with just 3% down and no PMI. First-generation homebuyers may qualify for up to $40,000 through the FHLBank Boston Lift Up Homeownership program or up to $20,000 through the MAHA STASH First-Gen Home Program. While Woburn does not currently offer a city-funded down payment assistance program, the city does periodically offer affordable homeownership units through lottery at below-market prices. By combining state and nonprofit resources, Woburn homebuyers can access meaningful assistance toward their purchase.
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 |
|---|---|---|---|---|
| FHLBank Boston Lift Up Homeownership | Grant | Up to $40,000 grant | Yes | 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 → |
- Type:
- Grant
- Amount:
- Up to $40,000 grant
- First-time only:
- Yes
- 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. Most programs require household income at or below 80% of Area Median Income. For the Boston-Cambridge-Newton metro area (which includes Woburn in Middlesex County), MassHousing DPA extends to buyers earning up to 135% AMI ($205,335 in eastern Massachusetts). Review income limits for each program.
Step 2: Complete a homebuyer education course. This is required for MassHousing DPA, the ONE Mortgage Program, and most other assistance programs. NeighborWorks Housing Solutions offers first-time homebuyer classes at locations across their service area, with both online and in-person options. Call them or visit nhsmass.org to register.
Step 3: Apply for MassHousing Down Payment Assistance. MassHousing provides up to $30,000 for buyers below 60% AMI (at 0% deferred interest) or up to $25,000 for those earning 60-135% AMI. Contact MassHousing at 888-843-6432 or work with one of their 80+ approved lenders.
Step 4: Explore the FHLBank Boston Lift Up Homeownership program. First-generation homebuyers earning up to 120% AMI may qualify for up to $40,000 in grant assistance toward down payment and closing costs. You cannot apply directly to FHLBank Boston -- contact a participating member bank or credit union to access this program.
Step 5: Get pre-approved for your mortgage. Work with a participating lender for the ONE Mortgage Program (3% down, no PMI) or a MassHousing first mortgage. Your lender can help you determine the best combination of programs for your situation.
Step 6: Find a home and submit your applications. Once you have an accepted offer, finalize your DPA applications with your lender. Also watch for affordable homeownership lottery opportunities from the City of Woburn, which periodically offers below-market units. Plan for a closing timeline of 45-60 days.
Frequently Asked Questions
How much down payment assistance can I get in Woburn?+−
Do I have to be a first-time homebuyer to qualify?+−
Does Woburn have its own down payment assistance program?+−
What is the FHLBank Boston Lift Up Homeownership program?+−
What homebuyer education is required?+−
Is Woburn eligible for MassDREAMS?+−
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