First Time Homebuyer Program

Our First Time Home Buyer Down Payment Assistance Program offers 50% of the required down payment and/or closing cost assistance to income qualified buyers. You may be eligible for a loan up to $10,000 depending on your financial need, purchase price and lending requirements. This award is a deferred loan which is paid back at the time of rental, sale, transfer of title or when the property is no longer your principle place of residence.  

The City of Gloucester is very excited to offer this program which has been a huge success having assisted over 300 new first time homeowners to date! For information regarding this program, please contact the Grants Division at or (978) 325-5238.

 Application: First Time Homebuyer Online Application
 Program Info: Policies, Procedures and Underwriting Guidelines

 For more information: 

 Questions on Fair Housing: Massachusetts Fair Housing