Five loan providers have to offer the only+Boston tool and were instrumental from the development of the program: Boston Individual Financial, Cambridge Faith, Owners, and you can Santander banking companies
BOSTON – Monday, – Building towards his commitment to increasing homeownership in the Boston, Gran Martin J. Walsh today launched yet another home loan and you may and advance payment system, ONE+Boston, that provides income-qualified earliest-day Boston homebuyers higher power to pick a home into the Boston by merging a cost savings towards the lowest-rate of interest mortgage unit having down-payment guidance. One+Boston system ‘s the City’s earliest affordable home loan system to get created specifically having lowest- and you may modest-income very first-day homebuyers, therefore the basic to get designed in the newest Commonwealth off Massachusetts within the last 3 decades.
“The only+Boston system is a wonderful the fresh financing that may help you generate the brand new think of home ownership a reality for much more people,” told you Mayor Walsh. “Performing paths to homeownership means giving somebody the possibility for collateral and wide range building on their own and their nearest and dearest. Perhaps one of the most important a means to personal the latest riches gap is via providing the element getting riches as passed on from one generation to another, and homeownership is actually a key element of you to.”
