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Get Matched Free →Lawrence First Time Homebuyer Program
Funding status: Active
How much assistance
Up to 5% of the purchase price, not to exceed $25,000
Forgivable as long as buyer remains in compliance with the affordability restriction and the affordability period has expired. Repayment due upon sale, refinancing, or transfer of title.
Eligibility
- Income limits: Low-to-moderate income (up to 80% AMI); income limits up to approximately $153,900 for Gateway City borrowers
- First-time buyer required: Yes — Must not have owned a home in the past three years.
- Geographic restrictions: Must purchase an owner-occupied property within the City of Lawrence.
- Homebuyer education required: Yes
How to Apply for Lawrence First Time Homebuyer Program
Step 1: Get pre-approved for a mortgage from a participating lender. Step 2: Complete a first-time homebuyer education course through an approved counseling agency such as ACT Lawrence or Lawrence Community Works. Step 3: Visit the Community Development Department at 12 Methuen Street, Lawrence, MA for an intake session with your pre-approval letter. Step 4: Submit your application for review. Contact Marlene Ferrer at 978-620-3531 for more information.
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