Homeownership Assistance
Grant Funds for Down Payment & Closing Costs
Hoping to become a homeowner? We've partnered with the Federal Home Loan Bank of Boston to provide products and resources to help bring homeownership within reach.
Ready to get started? Speak with a Metro Mortgage Specialist.
First-Time Homebuyer Program
The First-Time Homebuyer Program provides income-eligible homebuyers in Boston with financial assistance. For qualified households, the grant amount is five percent of the purchase price (maximum of $50,000 for with those with income less than 100 percent of AMI, maximum of $35,000 for those with income between 101 and 135 percent of AMI), plus closing costs if applicable.
Equity Builder Program
- Grant funds are available first-come, first-served
- Assists eligible homebuyers with up to $30,806 in down-payment and closing costs
- Available to households with incomes at or below 80% of HUD Area Median Income based on property location
- Recipients who are first-time homebuyers must complete homebuyer education/counseling program
Lift Up Homeownership Program
- Grant funds are available first-come, first served
- For households headed by people of color earning up to 120% of the area median income
- First-time homebuyers only
- Up to $50,000 grant for downpayment and closing-cost assistance
- Buyers who qualify include Black/African America, American Indian, Alaska Native, Asian (Native Hawaiian or Pacific Islander), Hispanic or Latino
The Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing finance in the six New England states. Its mission is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. The Bank also develops and delivers competitively priced financial products, services, and expertise that support housing finance, community development, and economic growth, including programs targeted to lower-income households.
