If mortgage rates are scarier than usual, this program will help home ownership seem less daunting.
The City of Boston, Massachusetts Housing Partnership, and the Massachusetts Affordable Housing Alliance will provide an increase in discounts for the ONE+Boston Program — an initiative created to enhance homeownership opportunities for income-eligible first-time buyers.
ONE+Boston will offer discounts on interest rates on 30-year fixed-rate mortgage loans through the Massachusetts Housing Partnership’s ONE Mortgage Program. This initiative will empower low- and moderate-income first-time buyers to purchase market-rate + deed-restricted properties. The discounts will come from funding via the Community Preservation Act + the American Rescue Plan Act.
To be eligible, borrowers must qualify for the ONE Mortgage Program, be current Boston residents, and be purchasing property within the City of Boston. See if you qualify and learn about other resources available for Bostonians.