Down Payment Assistance Programs
Down Payment Assistance Programs
Down Payment Assistance Programs
Down Payment Assistance Programs
The most common barrier to homeownership are the closing costs and a down payment associated with obtaining a mortgage loan. Because of this, most house finance agencies (HFAs) provide some closing cost and down payment assistance (DPA) to income qualified homebuyers in their states.
DPA programs help homebuyers with grants or low-interest loans that reduce the amount they need to save for a down payment. There are more than 2,000 of these programs nationwide. State, county or city governments run many of them. DPA programs vary by location, but many home buyers could be in line for thousands of dollars in down payment assistance if they qualify.
- The City of Chelsea offers a Community Development Block Grant (CDBG) down payment assistance program
- The North Suburban Consortium (NSC) offers a forgivable down payment assistance program up to $7,500 for properties in Arlington, Chelsea, Everett, Malden, Medford, Melrose, Revere, and Winthrop
East Cambridge at Your Service
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Jennifer DiBari
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Lisa Gravallese
Residential Loan Officer
NMLS ID: #49506
617.447.5311
Email Lisa
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Thomas Jung
Sales Manager - Residential Mortgage Lending
NMLS ID: #704305
339.225.0967
Email Thomas
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Mark Kirby
Residential Loan Officer
NMLS ID: #19990
978.270.5214
Email Mark
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Roger Martorana
Residential Loan Officer
NMLS ID: #476733
617.909.9226
Email Roger
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Sang M. Nguyen
Residential Loan Officer
NMLS ID: #1581266
617.981.9028
Email Sang
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Michael O'Donnell
Residential Loan Officer
NMLS ID: #645801
617.551.2494
Email Michael
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Patricia Rizzo
AVP, Residential Loan Officer
NMLS ID: #477127
617.551.2453
Email Patricia
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Mark Simone
Sales Manager - Residential Loan Officer
NMLS ID: #613257
781.404.1206
Email Mark