Get the lowest fixed interest rates and enhanced financial assistance for your first home in Boston, Massachusetts.
Verify Your One+Boston Homebuyer Eligibility
The One+ Boston Homebuyer Program offers qualified first-time buyers the lowest available fixed interest rates on a 30-year mortgage.
Created to make homeownership in Boston more accessible, the program provides down payment assistance, no private mortgage insurance (PMI), and additional financial aid.
If you're a Boston resident looking to purchase your first home, One+ Boston may be the key to unlocking more buying power.
Explore the benefits of One+ Boston and take the first step toward homeownership today!
Lowest Interest Rates: Access discounted, fixed 30-year mortgage rates.
Down Payment Assistance: Receive enhanced support from the City of Boston.
No PMI: Save on private mortgage insurance fees.
Additional Financial Help: Eligible buyers can receive further financial assistance for closing costs and down payments.
Increased Buying Power: Qualify for a higher loan amount and afford more home in Boston, Massachusetts.
To qualify for the One+ Boston program, you must:
Be a current Boston resident.
Be a first-time homebuyer (haven't owned a home in the past three years).
Complete a homebuyer education class.
Have a credit score of 640 or higher (660 for multi-family homes).
Make a down payment of at least 3% for single or two-family homes, or 5% for a three-family home.
Live in the home as your primary residence.
Meet income and asset limits.
To determine your household size, count all individuals who will live in the home, including yourself and any dependents.
Here’s the income limit list for the One+ Boston Program:
| Household Size | Income Limit |
|---|---|
| 1 | $114,250 |
| 2 | $130,600 |
| 3 | $146,900 |
| 4 | $163,200 |
| 5 | $176,300 |
| 6 | $189,350 |
| 7 | $202,400 |
| 8 | $215,450 |
Get Pre-Qualified: Verify your eligibility online today.
Complete a Homebuyer Education Class: Start by attending an approved pre-purchase class to prepare for the process.
Find a Lender: Meet with a participating lender to determine eligibility for the One+ Boston mortgage.
Buy Your Home: Once you're pre-qualified and approved, you’re ready to buy your first home!
One+ Boston offers heavily discounted fixed interest rates lower than the standard 30-year mortgage rates.
No, with One+ Boston, you won't need to pay for private mortgage insurance (PMI), saving you money on monthly payments.
Income limits depend on your household size. For a single individual, the limit is $114,250, while a household of four can earn up to $163,200.
You must be a first-time homebuyer, meaning you haven’t owned a home in the last three years.
For condos and single-family homes, you’ll need a 3% down payment. For a three-family property, a 5% down payment is required.
We are dedicated to helping Boston residents achieve their dream of homeownership.
As a program backed by the City of Boston and supported by trusted lenders, One+ Boston ensures that you have access to the best financial tools available.
Our team is transparent, accessible, and built to provide real support, so you can trust us to guide you every step of the way.
