Are you dreaming of owning your own home but finding it difficult to make ends meet? Boston’s First-Time Homebuyer Program could be just the thing you need to help make your dream a reality.

The program provides financial assistance to eligible first-time homebuyers to help with the down payment and closing costs. If you’re struggling to save up for a down payment, this program could be the boost you need to take the first step towards homeownership.

So, how does it work? The program provides a 0% interest loan of up to 5% of the purchase price of the home (or $15,000, whichever is less) to help with the down payment and closing costs. The loan must be repaid in full when you sell the home, refinance, or move out of the property. However, the good news is that you won’t have to make any monthly payments on the loan while you’re living in the home.

To be eligible for the program, you must meet certain income requirements based on the size of your household and the location of the property you’re looking to purchase. You must also complete a homebuyer education course to learn about the home buying process and how to maintain your new home.

The program is open to first-time homebuyers who have not owned a home in the past three years, with some exceptions for certain groups, such as veterans and displaced homemakers.

In addition to the financial assistance, the program also offers counseling services to help you navigate the home buying process and make informed decisions about your future home.

If you’re interested in learning more about Boston’s First-Time Homebuyer Program and whether you qualify, visit the program’s website or contact a participating lender to get started. Don’t let the high cost of homeownership hold you back from achieving your dreams – take advantage of this program and make your dream of homeownership a reality.