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

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

Boston Private Bank And Trust Company Diana Carvajal.Hirsch 617.912.3991 dcarvajal-hirsch@bostonprivate.com www.bostonprivate.com

Cambridge Trust Company Dina M. Scianna 617.441.1430 dina.Scianna@cambridgetrust.com www.cambridgetrust.com

Citizens Bank Nancy Monbouquette 617.733.6836 nancy.monbouquette@citizensbank.com www.citizensbank.com

City Of Boston Credit Union Robert McCauley 617.635.2465

Century Bank Cornelius Prioleau 781.393.4062 cprioleau@centurybank.com www.centurybank.com

Dedham Savings Bank Robert Madden 781.355.7424 robert.madden@dedhamsavings.com www.dedhamsavings.com

East Boston Savings Bank Leticia Rave 617.568.4354 lrave@ebsb.com www.ebsb.com

Eastern Bank Chip Coveney 508.946.3291 c.coveney@easternbank.com www.easternbank.com

Fairway Independent Mortgage Corp. Amy Wortzman 617.216.3532 amy.wortzman@fairwaymc.com www.fairwayindependentmc.com

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

Guaranteed Rate McKenzie Dyhr-Arnold 773.290.0409 mda@rate.com www.guaranteedrate.com

Leader Bank, N.A. Vikas Selhi 339.235.8592 vselhi@leaderbank.com www.leaderbank.com

loanDepot Rosella Campion 617.266.3999 x327 rcampion@loandepot.com www.loandepot.com

Metro Credit Union Deb Frank 617.889.7745 dfrank@metrocu.org www.metrocu.org

Mortgage Network, Inc. Brian Cavanaugh 617.771.5021 Bcavanaugh@MortgageNetwork.com www.mortgagenetwork.com

Needham Bank Wilfred Edwards 857.204.4471 Wedwards@needhambank.com www.needhambank.com

OneUnited Anita Biggs 323.290.7543 abiggs@oneunited.com www.oneunited.com

People’s United Bank, N.A. Brian S. Risler 413.575.0350 brian.risler@peoples.com www.peoples.com

Prime Lending Doug Hurley 617.922.1990 doug.hurley@primelending.com 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 steven.roussel@santander.us www.santander.com

StonehamBank Andreas Kristen 781.400.4621 Andy.kristen@stonehambank.com www.stonehambank.com

Webster Bank, N.A. Alison M. Gibbons 508.264.9222 agibbons@websterbank.com public.websteronline.com

Village Mortgage Company Anne Siemiatkaska 781.619.0039 x151 aesiemiatkaska@villagemtg.com www.villagemtg.com

Renee.Owens@rocklandtrust.com