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Get Matched Free →Lowell Development & Financial Corporation DPA
Funding status: Active
How much assistance
Up to $7,500
No-interest loan. 20% of the loan is paid back to LDFC in five annual installments beginning on the 5th anniversary of the loan.
Eligibility
- Income limits: Must meet program income requirements
- First-time buyer required: Yes — Must not have owned real estate in the last 3 years.
- Geographic restrictions: Must purchase a property in the City of Lowell.
- Homebuyer education required: Yes
How to Apply for Lowell Development & Financial Corporation DPA
Apply through Merrimack Valley Housing Partnership (MVHP). Complete homebuyer education. The assistance amount is calculated as 1.5% of the purchase price if the lender requires 3% down, or 2.5% of the purchase price if the lender requires 5% down, up to a maximum of $7,500. Contact MVHP at 978-459-8490.
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