ONE+ Randolph Mortgage Program
How much assistance
Up to $50,000 in down payment and closing cost assistance (Deferred Loan)
Eligibility
- Income limits: Must meet low- to moderate-income guidelines as defined by MHP.
- First-time buyer required: Yes — Must not have owned a home at any point in the last three years.
- Credit score minimum: 640
- Geographic restrictions: Must be a current resident of Randolph, MA and purchase a home in one of the 29 eligible communities.
- Homebuyer education required: Yes
How to Apply for ONE+ Randolph Mortgage Program
Step 1: Contact the Massachusetts Housing Partnership at 1-800-752-7131 or visit mhp.net for details. Must complete a homebuyer education class. Must have less than $100,000 in total household assets (excluding retirement and college savings). Minimum 3% down payment required with at least 1.5% from own savings for single-family or condo, 5% down with 3% from own savings for three-family.
Notes
Enhanced version of the ONE Mortgage exclusively for residents of 29 designated Massachusetts communities including Randolph. Provides discounted fixed 30-year mortgage rate with no PMI. Credit score minimum 640 for single-family/condo, 660 for two/three-family. Launched in 2024 in partnership with Eastern Bank and The Boston Foundation.