Haverhill First Time Homebuyer Assistance Program

Administered by: City of Haverhill Community Development Department · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $15,000 for downpayment and/or closing costs (Forgivable Loan)

0% interest loan with a 5-year term. Every year the buyer lives in the property as a primary residence, 20% of the original balance is forgiven. Fully forgiven after 5 years.

Eligibility

  • Income limits: Low-to-moderate income households (up to 80% AMI)
  • First-time buyer required: Yes — Must not have owned a home in the past three years.
  • Geographic restrictions: Must purchase a property located in the Mount Washington neighborhood or the Lower Acre neighborhood of Haverhill.
  • Homebuyer education required: Yes

How to Apply for Haverhill First Time Homebuyer Assistance Program

Step 1: Confirm you are purchasing in the Mount Washington or Lower Acre neighborhood.

Step 2: Complete a first-time homebuyer education course.

Step 3: A minimum of 1.5% of the purchase price must come from your own savings.

Step 4: Contact the Community Development Department at Haverhill City Hall, 4 Summer Street, Haverhill MA 01830. Call 311 (within city limits) or 978-358-1311.

Visit program website

Notes

Funded through federal HOME Partnership Investment funds. Geographic restriction limits this program to two specific Haverhill neighborhoods. Community Action Inc. (CAI) at 3 Washington Square, 4th Floor, Haverhill also provides homebuyer education and DPA assistance.

Cities Where This Program Is Available