ONE+Boston Homebuyer Program

Administered by: City of Boston, Massachusetts Housing Partnership (MHP), and MAHA · City · Grant

Funding status: Active

How much assistance

Enhanced interest rate discounts on 30-year fixed-rate mortgage plus down payment and closing cost assistance; total assistance may not exceed $75,000 (Grant)

Not applicable — provides interest rate discounts and DPA as part of the ONE Mortgage first mortgage.

Eligibility

  • Income limits: Up to 100% AMI; must have less than $100,000 in total household assets
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years.
  • Credit score minimum: 640
  • Geographic restrictions: Must be a current Boston resident or work in Boston or have been displaced from Boston due to high rental costs in the past 2 years. Must purchase within the City of Boston.
  • Homebuyer education required: Yes

How to Apply for ONE+Boston Homebuyer Program

Step 1: Complete homebuyer education, then apply through a participating ONE Mortgage lender. Must qualify for both ONE Mortgage and ONE+Boston eligibility requirements.

Visit program website

Notes

ONE+Boston layers on top of the statewide ONE Mortgage program with additional interest rate discounts funded by the City of Boston. Credit score minimum is 640 for single-family/condo, 660 for two/three-family.

Cities Where This Program Is Available