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Get Matched Free →Salem FTHB Down Payment Assistance Program
Funding status: Active
How much assistance
Up to $7,500 (matches down payment up to $6,500 plus $1,000 bonus for completing counseling)
Repayment in full is due upon sale or transfer of the property, or if you cease to occupy the property as your permanent residence.
Eligibility
- Income limits: 1-person: $70,750; 2-person: $80,850; 3-person: $90,950; 4-person: $101,050; 5-person: $109,150; 6-person: $117,250
- First-time buyer required: Yes — Must not have owned a home in the past 3 years.
- Geographic restrictions: Must purchase within Salem, NH.
- Homebuyer education required: Yes
How to Apply for Salem FTHB Down Payment Assistance Program
Contact the City of Salem Community Development office to apply. You must be a first-time homebuyer purchasing a condo, single-family, or multi-family home (2-4 units) in Salem. Complete a CHAPA-certified homebuyer counseling course before closing to qualify for the additional $1,000 bonus.
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