Thank you for your interest in the City of Brockton First Time Home Buyer Program (FTHP).
The FTHP offers financial assistance to first time eligible homebuyers for down payment and closing cost assistance though a zero-interest deferred loan. The loan is repayable in the event of a transfer or change in property ownership, refinance, or if the property ceases to be the buyer’s primary residence. The program is funded by the U.S Department of Housing & Urban Development (HUD) HOME Investment Partnerships Program.
Eligible buyers will be considered for funding of up to 3.5% of the purchase price for a maximum of $12,500 financial assistance though a zero-interest deferred loan, repayable in the event of property transfer of ownership or loan refinancing (except for rate and term of the loan). The funds are subject to availability. Loan payments on both loans will be deferred until there is a change in ownership or the property ceases to be the home buyer’s primary residence.
Please click on the following links for program guidelines and Application. For additional information, please call us at 508-586-3887, or NWSOMA at 508-587-0950 Ext.46