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If you are a first time homebuyer in Lowell, you could qualify for a loan of up to $8,000!


Eligibility is based on the following:

  • You must be a first time homebuyer or a qualified veteran purchasing in Lowell, MA.
  • You must meet the following income guidelines based on family size as established by the Department of Housing and Urban Development (HUD):


(0% - 30%)
(31% - 50%)
 (51% - 80%)
 (81% and above)



Note that the amount of assistance a buyer can receive is based on the following formula:

  • Purchase Price of the Property x 4% (Amount Not To Exceed $8,000)

How To Apply

The First-time Homebuyer must first attend the homebuyer training class and obtain a certificate of completion. The Homebuyer then collects all the necessary documents and submits them to the Merrimack Valley Housing Partnership for review for eligibility and completeness, the application is then submitted to the City of Lowell’s DPD Office for property inspection and final approval or denial and applicants are then notified. For more information and how to apply, click HERE.


Timing is critical. It is the goal of Lowell’s Department of Planning and Development to have checks available for down payment assistance within three weeks of receipt of a completed HUD package. FTHB funds are delayed if any required documents are missing.

Required Documents

The following documents must be submitted as part of your application:

  1. Purchase and Sales Agreement
  2. Property Transfer Notification Certification
  3. Primary Mortgage Application
  4. Mortgage Commitment Letter
  5. Tax Returns - past 3 years
  6. Credit Report
  7. Verification of Employment
  8. Five Recent Pay Stubs
  9. Property Appraisal
  10. Deed
  11. Flood Certification
  12. Home Inspection Report
  13. First-Time Home Buyer Training Certificate

Home Inspections

A Housing Quality Standard Report (HQS) must be completed by a home inspector in addition to a basic home inspection. If there are items which are not in compliance, the closing can still proceed provided the buyer submit a plan indicating how he/she will address the problems during the first 24 months of ownership. Home Inspection Reports must include cost estimates to repair deficiencies. Applications will not be accepted if the property contains MAJOR MECHANICAL PROBLEMS unless the Seller plans to rectify them prior to closing.