a year ago✨CALLING MY FIRST TIME HOME BUYERS✨
Unlock your dream home in BOSTON, MA. Here are some down payment options for the median list price of $999,000.
Fun fact: The Boston Home Center offers down payment assistance of up to 5% of your home’s purchase price, capped at $50,000 for incomes below 100% of the area median income (AMI), or $35,000 for incomes between 101% and 135% of the AMI. For example, a family of four residing in Boston with a household income of $111,850, as per the website, falls within this range.
This down payment assistance loan carries no interest and doesn’t require monthly payments. However, full repayment is necessary upon refinancing, transferring the title, selling the home, or ceasing to occupy it as your primary residence.
Need help budgeting? Stay tuned for my next video on how to save for your first home purchase!
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