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Excessive Heat Warning in Boston
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Mayor Wu issued an excessive heat warning for the City from Wednesday, July 1, through Friday, July 3, due to the heat in the forecast. The City will activate cooling centers, and pools will be open across Boston.

ONE+Boston Homebuyer Program

This mortgage program provides low interest mortgages to qualified Boston homebuyers.

ONE+Boston offers the lowest fixed interest rates available for a 30-year mortgage. Additionally, it provides access to downpayment and closing-cost assistance. The City wants to increase the buying power of income-eligible, first-time homebuyers purchasing a home within the city of Boston.

What is ONE+Boston?

A mortgage with a heavily discounted fixed interest rate

Using funds provided by the City of Boston, the ONE+Boston interest rates are discounted below the already-discounted ONE Mortgage rates.

Includes enhanced downpayment assistance

For those first-time homebuyers who qualify, the City of Boston’s financial assistance will offer enhanced downpayment and closing cost assistance.

Afford More When Buying a Home in Boston

A chart that compares conventional mortgages, One mortgages, and ONE+Boston mortgages.

Applying for the program

Is ONE+Boston for me?
  • Are you a current Boston resident?
  • Are you a first-time homebuyer? You can qualify if you haven’t owned a home in the last three years. 
  • Do you meet all of the qualifying requirements for ONE+ Boston Mortgage, including our income limits? Visit MHP’s ONE+Boston webpage.
What are my next steps?
  1. Find out if you are eligible. Visit the One+Boston website for a full list of qualifications.
  2. Take a homebuyer class. Complete an approved pre-purchase homebuyer education class before applying. 
  3. Find a participating lender and meet with them to determine your eligibility for ONE+Boston. Please contact a lender before coming to the Boston Home Center for downpayment and closing cost assistance.

Who's Involved:

Housing
617-635-3880
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