A clear, step-by-step path from budgeting to closing, built for buyers purchasing their first home in Greater Boston.
Buying your first home here is a big financial decision, and the market is competitive. Buyers who succeed tend to show up prepared: they know their budget, they have solid financing, and they know which neighborhoods fit their lives. This guide covers each of those pieces in order.
You may also qualify as a first-time buyer even if you have owned before — HUD's definition counts anyone who has not owned a principal residence in the last three years.
Many buyers miss out on help they qualify for. Check these programs before you set your budget.
Down payment help for eligible first-time buyers, which can be combined with certain other programs. Eligibility requirements apply.
A grant of 5% of the purchase price, up to $50,000 depending on household income, plus closing costs. You must take a homebuyer education class and get pre-approved.
Discounted fixed-rate mortgages for income-eligible Boston buyers, along with access to down payment and closing cost assistance.
A matching grant of up to $20,000 for buyers who are both first-generation and first-time buyers. Homebuyer classes and income limits apply.
A $2,500 closing cost credit for eligible members of the military, veterans and their families.
FHA loans allow as little as 3.5% down. VA and USDA loans usually require no down payment.
Green Line access and highly rated schools. Plan on $650,000–$800,000 for a 1–2 bedroom condo.
Some of the best value inside Boston, near the Arnold Arboretum and the Orange Line. Condos can start in the $500,000s.
Strong transit thanks to the Green Line Extension. Expect $550,000–$750,000 for a 1–2 bedroom condo.
Condos in Newtonville and Newton Centre run about $550,000–$750,000.
Let's build your budget, find the programs you qualify for and plan your search together.
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