Program guide
What to know before you click through
This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.
Who qualifies?
First-time homebuyers, including single parents and displaced homemakers under the city's definition, Income-eligible households under the city's current limits, Buyers purchasing an eligible address in the Mount Washington or Lower Acre neighborhoods, Buyers using a 30-year fixed-rate mortgage
What support do you get?
Up to $15,000 for down payment and or closing costs, including up to 50% of the required down payment.
Do you repay it?
The city describes the assistance as a 0% interest loan with a five-year term secured by a note and mortgage. The balance declines by 20% for each year the buyer lives in the property as a primary residence, and after five years nothing is owed. The remaining balance is payable if the property is sold or transferred before the term ends.
How do you apply?
Complete a certified first-time homebuyer seminar, confirm the address is eligible with the Community Development Department, secure a 30-year fixed-rate mortgage, and notify the department as soon as the seller accepts the offer so the city can finalize the assistance package.
Application timing
Funding is limited and subject to yearly appropriation. After eligibility is determined, buyers should notify the Community Development Department as soon as the seller accepts the offer so the City can coordinate program participation before closing.
Official source evidence
The official Haverhill pages say the city offers up to $15,000 for first-time buyers purchasing on eligible streets in Mount Washington and Lower Acre. The same materials describe a 0% five-year declining-balance loan, require a CHAPA seminar, and publish June 1, 2025 income limits.
View official source
Last verified
2026-04-19
Effective date not captured.
Paid preview
What paid access adds for Haverhill First Time Homebuyer Assistance Program
See the shape of the comparison output, risk checks, lender questions, and next-step checklist before you decide whether this program is worth carrying into the paid layer.
Example paid output for this program. The free page stays visible either way.
Comparison preview
Haverhill First Time Homebuyer Assistance Program
Amount: Up to $15,000 for down payment and or closing costs, including up to 50% of the required down payment.
Repayment: The city describes the assistance as a 0% interest loan with a five-year term secured by a note and mortgage. The balance declines by 20% for each year the buyer lives in the property as a primary residence, and after five years nothing is owed. The remaining balance is payable if the property is sold or transferred before the term ends.
First-time buyer: Required
Timing: Funding is limited and subject to yearly appropriation. After eligibility is determined, buyers should notify the Community Development Department as soon as the seller accepts the offer so the City can coordinate program participation before closing.
Risk checks preview
What gets flagged before you call a lender
- Haverhill First Time Homebuyer Assistance Program can trigger repayment on sale or refinance.
- Haverhill First Time Homebuyer Assistance Program can trigger repayment if owner occupancy changes.
Lender questions preview
Questions tied to this exact path
- Which events trigger repayment for Haverhill First Time Homebuyer Assistance Program: sale, transfer, non_owner_occupancy?
- How does Haverhill First Time Homebuyer Assistance Program define a first-time buyer for this household?
Action checklist preview
What you would do next
- Confirm the first-time buyer definition before you apply
- Review the official Program page for Haverhill First Time Homebuyer Assistance Program
