North Shore HOME Consortium Down Payment Assistance

How much assistance

Up to $5,000 (Forgivable Loan)

Forgiven after 5 years; 0% interest with no monthly payments during the loan term.

Eligibility

• Income limits: At or below 80% AMI for the area
• First-time buyer required: Yes
• Geographic restrictions: Available to homebuyers purchasing in one of the 30 North Shore HOME Consortium member communities, including Peabody, Beverly, Danvers, Salem, and others.
• Homebuyer education required: Yes

How to Apply for North Shore HOME Consortium Down Payment Assistance

Notes

Funded through the Federal HOME Investment Partnerships Program. The Consortium receives over $2.3 million annually allocated across 30 member communities.

Cities Where This Program Is Available

• Saugus, MA
• Peabody, MA
• North Andover, MA
• Beverly, MA