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Get Matched Free →City of Lowell HOME Down Payment Assistance Program
Funding status: Active
How much assistance
Up to $11,800
No-interest loan repaid upon sale of the home, transfer of the deed, or refinance of the property. No monthly payments required.
Eligibility
- Income limits: Must meet HUD income limits for the Lowell area
- First-time buyer required: Yes — Must not have owned real estate in the last 3 years. Veterans do not need to be first-time homebuyers but cannot currently own a home.
- Geographic restrictions: Must purchase a property in the City of Lowell.
- Homebuyer education required: Yes
How to Apply for City of Lowell HOME Down Payment Assistance Program
Attend a homebuyer training class through Merrimack Valley Housing Partnership and obtain a certificate of completion. Collect all necessary documents and submit to MVHP for review. MVHP submits to the City of Lowell DPD Office for property inspection and final approval. Buyers must have 1.5% of their own funds. Total debt-to-income ratio cannot exceed 45%. Allow three weeks for the City to review and approve. Contact MVHP at 978-459-8490 or mvhp@mvhp.org.
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