First Time Homebuyer Program

HOW WILL I BENEFIT FROM USING THIS PROGRAM?

  • The City can provide up to $40,000 toward your Down Payment

  • Allows for a 0% interest deferred loan

  • You re-pay ONLY when you sell, take out a home equity loan or refinance the home you purchased

  • This program will enable you to qualify for a higher mortgage amount for the house you purchase, allowing for you to purchase a more valuable home

  • You will gain access to rehabilitation and lead abatement loans available for Quincy and Weymouth locations

The South Shore HOME Consortium’s First Time Homebuyer Program provides 0% interest, deferred payment loans to qualifying households that are purchasing a single-family home, condominium, or townhouse in Quincy, Weymouth, Braintree and Randolph.

FTHB Program Guideline

This Program is made possible by funding from the HOME Program through the South Shore HOME Consortium – City of Quincy, Town of Weymouth, Town of Braintree and Town of Randolph.

Purchase price for existing units is $858,000 and purchase price for new units is $858,000.

INCOME LIMITS (2026)

HOUSEHOLD SIZE - MAXIMUM ANNUAL INCOME

INCOME LIMITS (2026)

1 PERSON - $96,000

2 PERSONS - $109,700

3 PERSONS - $123,400

4 PERSONS - $137,100

5 PERSONS - $148,100

6 PERSONS - $159,050

7 PERSONS - $170,050

8 PERSONS - $181,000