1st Time Homebuyer Program Guidelines - Boston.gov · Time Homebuyer Program Guidelines 1 st...

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Time Homebuyer Program Guidelines st 1 Homebuyer 101 graduate Approval from City of Boston Participating Lender 1-, 2-, or 3-family properties or condo Property located in Boston - Actual Principal Residence 1st Time Homebuyer 1-person household $ 95,200 2-person household $108,800 3-person household $122,400 4-person household $135,950 5-person household $146,850 6-person household $157,750 Buyer contributes 50% of down payment Household Assets not more than $75,000 (excluding retirement, 401K) HUD Income Limits Apply HomeCenter.Boston.gov 617.635.4663 Eligible applicants can receive up to 5% of the sales price! O% Interest Repaid at transfer, sale or end of primary residency DEFERRED LOAN Program Eligibility HUD Income Limits 120% of AMI

Transcript of 1st Time Homebuyer Program Guidelines - Boston.gov · Time Homebuyer Program Guidelines 1 st...

Page 1: 1st Time Homebuyer Program Guidelines - Boston.gov · Time Homebuyer Program Guidelines 1 st Homebuyer 101 graduate Approval from City of Boston Participating Lender 1-, 2-, or 3-family

Time Homebuyer Program Guidelines

st1

Homebuyer 101 graduate

Approval from City of BostonParticipating Lender

1-, 2-, or 3-family properties or condo

Property located in Boston - Actual Principal Residence

1st Time Homebuyer

1-person household $ 95,200

2-person household $108,800

3-person household $122,400

4-person household $135,950

5-person household $146,850

6-person household $157,750

Buyer contributes50% of down payment Household Assets

not more than $75,000 (excluding retirement, 401K)HUD Income Limits Apply

HomeCenter.Boston.gov617.635.4663

Eligible applicants can receive up to 5% of the sales price!O%Interest Repaid at transfer, sale or

end of primary residencyDEFERRED LOAN

Program Eligibility

HUD Income Limits 120% of AMI

Page 2: 1st Time Homebuyer Program Guidelines - Boston.gov · Time Homebuyer Program Guidelines 1 st Homebuyer 101 graduate Approval from City of Boston Participating Lender 1-, 2-, or 3-family

Boston Private Bank And Trust Company Diana Carvajal.Hirsch 617.912.3991 [email protected] www.bostonprivate.com

Cambridge Trust Company Dina M. Scianna 617.441.1430 [email protected] www.cambridgetrust.com

Citizens Bank Nancy Monbouquette 617.733.6836 [email protected] www.citizensbank.com

City Of Boston Credit Union Robert McCauley 617.635.2465

Century Bank Cornelius Prioleau 781.393.4062 [email protected] www.centurybank.com

Dedham Savings Bank Robert Madden 781.355.7424 [email protected] www.dedhamsavings.com

East Boston Savings Bank Leticia Rave 617.568.4354 [email protected] www.ebsb.com

Eastern Bank Chip Coveney 508.946.3291 [email protected] www.easternbank.com

Fairway Independent Mortgage Corp. Amy Wortzman 617.216.3532 [email protected] www.fairwayindependentmc.com

First Eastern Mortgage Peter J. Fraser 978.749.3100 https://www.randolphsavings.com

Guaranteed Rate McKenzie Dyhr-Arnold 773.290.0409 [email protected] www.guaranteedrate.com

Leader Bank, N.A. Vikas Selhi 339.235.8592 [email protected] www.leaderbank.com

loanDepot Rosella Campion 617.266.3999 x327 [email protected] www.loandepot.com

Metro Credit Union Deb Frank 617.889.7745 [email protected] www.metrocu.org

Mortgage Network, Inc. Brian Cavanaugh 617.771.5021 [email protected] www.mortgagenetwork.com

Needham Bank Wilfred Edwards 857.204.4471 [email protected] www.needhambank.com

OneUnited Anita Biggs 323.290.7543 [email protected] www.oneunited.com

People’s United Bank, N.A. Brian S. Risler 413.575.0350 [email protected] www.peoples.com

Prime Lending Doug Hurley 617.922.1990 [email protected] www.primelending.com

Residential Mortgage Services Jim Finucane 617.312.9963 rmsmortgage.com

Rockland Trust Renee Owens 781.603.2802 www.rocklandtrust.com

Salem Five Bank William J. Dorcena 617.899.4076

Santander Bank Steve Roussel 617.686.7988 [email protected] www.santander.com

StonehamBank Andreas Kristen 781.400.4621 [email protected] www.stonehambank.com

Webster Bank, N.A. Alison M. Gibbons 508.264.9222 [email protected] public.websteronline.com

Village Mortgage Company Anne Siemiatkaska 781.619.0039 x151 [email protected] www.villagemtg.com

[email protected]