There are many resources in the City of Boston to learn more about the home buying process. A First Time Homebuyer certificate empowers buyers to learn more about the process and receive better loan products and down payment benefits. Please take a minute to look over and register for one of the first-time home buyers’ courses to earn a First Time Homebuyer certificate. This can be fulfilled before or while you work with a preferred lender for a pre-approval.

Urban Edge Housing
MAHA
Financial Education Associates
My Mass Home Calender

The best loan product for you will depend on many factors. Lenders will determine your pre-approval amount based on your credit, income, savings, and debt-to-income ratio. Lenders will also look at the property you are interested in to assess the costs associated with the purchase.

When purchasing an affordable unit, particularly in the City of Boston, consider lenders that offer One+ Boston Mortgage, MassHousing, and MHP ONE+ Mortgage Loan products. These are the most economical loan products for buyers earning less than 100% AMI.

If invited to move forward for a lottery, we suggest:

  • Getting 3 quotes within the same week; this will maximize your credit inquiry without adversely hurting your credit score

  • Talking to your lender about the possibility of stacking down payment benefits to lower your loan amount.

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