For Veterans and Active Duty Military Personnel
Operation Welcome Home
Operation Welcome Home is a program for active-duty military members, veterans, members of the Reserves or National Guard, or a Gold Star Family member that are first-time homebuyers. Eligible members may receive a closing cost credit of up to $2500.
US Veterans Administration Home Loan
US Veterans Administration Home Loan is a program to provide veterans with no-down payment loans, favorable loan terms, and rehabilitation assistance. There are no restrictions on location.
Veterans Special Housing Adaptations
The mission of VA’s Housing Adaptation programs is to adapt and/or modify a veteran’s/servicemember’s residence to accommodate their disability or disabilities. Adaptations and/or modifications are individually determined based on the medical feasibility for the veteran/servicemember to reside in their home; continuation with medical treatment and rehabilitation; and capability to live independently in a barrier-free environment. VBA’s SAH program may assist with the purchase of a home to accommodate a veteran’s/servicemember’s disability or disabilities.
For Native Americans
Indian Home Loan Guarantee Program (Section 184)
Indian Home Loan Guarantee Program (Section 184) is a program that provides mortgages to members of qualified Native American tribes.
For Qualifying MA homebuyers
MassHousing Mortgage is a program that provides affordable, fixed rate loans for homebuyers with no hidden fees or surprises. To qualify, homebuyers must earn less than $157,900 per year.
MassHousing Down Payment Assistance
Down Payment Assistance (DPA) of up to $15,000 is available in every city and town in Massachusetts and up to $25,000 is available in Boston and 26 select communities including Haverhill, Lynn, Peabody, and Salem.
MassHousing Purchase and Rehabilitation Loans
MassHousing Purchase and Rehabilitation Loans is a program that provides financing for both the purchase of a home and renovation costs.
MassHousing Workforce Advantage 2.0
MassHousing Workforce Advantage 2.0 offers an affordable, fixed-rate Mass Housing mortgage with down payment assistance of up to $25,000 for first-time homebuyers who earn up to 80% of the Area Median Income.
ONE Mortgage Program
ONE Mortgage Program provides low down payment, discounted 30-year fixed interest rate, no PMI mortgages. This service is provided by the Massachusetts Housing Partnership (MHP).
For Qualifying Rural Area Homebuyers
US Dept. of Agriculture 502 Guaranteed
US Dept. of Agriculture 502 Guaranteed assists low- and very-low-income applicants to obtain decent, safe, and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability.
Local Homebuyer Assistance Programs
You may also access these homebuyer assistance programs located across the North Shore of Massachusetts.
Harborlight Homes Affordable Housing: Harborlight is the administrator of 51 first-time homebuyer condominiums located in four locations in Gloucester for qualified buyers that meet the household income restrictions of less than 80% of median area income.
Gloucester First Time Home Buyers Program: Gloucester First Time Home Buyers Program is a program that offers down payment or closing cost assistance to income qualified buyers. Property must be located in the Gloucester/Magnolia area.
Gloucester Housing Rehabilitation Program:
Gloucester Housing Rehabilitation Program is a program that offers deferred and low interest rehabilitation loans. Property must be located in the City of Gloucester.
Haverhill First Time Homebuyer Down Payment Assistance: Haverhill First Time Homebuyer Down Payment Assistance provides up to $5,000 for down payment and/or closing costs for eligible applicants. Property must be located in targeted low- and moderate-income inner-city Haverhill neighborhoods.
Ipswich Housing Partnership: Loans from the Ipswich Housing Partnership are potentially forgivable loans and may be used for down payment assistance, legal costs, repairs, and/or closing cost assistance.
Lawrence First Time Homebuyer Assistance Program: Lawrence First Time Homebuyer Assistance Program is a program that provides financial assistance to low- and moderate-income households in the purchase of their first home. Property must be located in the City of Lawrence.
Lawrence Rehabilitation/Deleading Program: Lawrence Rehabilitation/Deleading Program is a program that offers grants and loans for housing rehabilitation. Property must be located in the City of Lawrence.
Down Payment & Closing Cost Assistance: Up to a $5,000 deferred loan at 0% interest for income eligible first-time homebuyers purchasing in Lynn
Lynn Rehab Loan Program: Lynn Rehab Loan Program is a program that provides owner-occupants with financial assistance to rehabilitate their properties. Property must be located in the Neighborhood Revitalization Area of the City of Lynn.
Lynn Lead Abatement Program (LLAP): LLAP is program that provides lead paint abatement for low and moderate income individuals in order to create decent, safe, and affordable housing for all Lynn residents.
Newburyport Housing Rehabilitation : Newburyport Housing Rehabilitation is a program that provides technical and financial assistance with housing repairs to income-qualified households. Property must be located in the City of Newburyport.
Salem First-Time Homebuyer Downpayment Assistance Loan Program: Salem First-Time Homebuyer Down Payment Assistance Loan Program is a program to assist low- and moderate-income households to achieve homeownership. Property must be located in the City of Salem.
Salem Housing Rehabilitation Loan Program: Salem Housing Rehabilitation Loan Program is a program that provides assistance for moderate rehabilitation projects to eliminate existing or potential health and safety hazards, to carry out handicapped access improvements, and to undertake historic preservation. Property must be located in the City of Salem.
Get the Lead Out Program: The City acts as a Local Rehabilitation Agency for MassHousing’s Get the Lead Out Program to undertake lead paint abatement in pre-1978 homes with a lead poisoned child aged 6 or under. Please contact DPCD if you are interested in further information.
Wenham Affordable Housing Lottery: Wenham Affordable Housing Lottery is an opportunity for qualified first-time homebuyers to acquire available affordable housing stock in the community of Wenham.