First Time Homebuyer Downpayment Assistance Program

Who is Eligible?

  •  Applicants must be first time homebuyers.
    • A first-time buyer is defined as anyone who has not owned a home for three (3) years. Single parents and displaced homemakers who owned or resided in a home with a spouse during the last three years are also first-time home buyers.
  • Applicants must be income eligible.  
    • Income limits are as follows:
        Family Size    
        Income Limit   
       
       1  $46,000
       2  $52,600
       3  $59,150
       4  $65,700
       5  $71,000
       6  $76,250
       7  $81,500
       8   $86,750

                      *Limits effective 3/28/2016

  •  Liquid assets cannot exceed $25,000 after closing.
© 2012 City of Haverhill. All rights reserved.   Powered By Revize Login Top