The current housing stock provides a variety of houses at low to moderate prices and presents a perfect opportunity for 1st time buyers as well as buyers who are looking to move up. The low mortgage rates coupled with down payment assistance and federal tax incentives makes owning a home more affordable. Brockton offers everything a family of any age needs to LIVE, WORK, SHOP and PLAY, not to mention terrific local medical and educational services.

The business partners of Buy Brockton are local retailer, service industries and cultural organizations that have agreed to offer incentives to qualified Buy Brockton Buyers. These incentives included discounts on services, items for your new home, free consultations, etc. Your participating lender will provide a form to you upon closing with additional information. Once your purchase through the Buy Brockton program has been verified, you will receive your edibility certificate/card that will allow to redeem your citywide savings.

The Buy Brockton website highlights safe and affordable mortgage products that are available through the participating lenders for one-to-four unit properties with options for purchase and rehabilitation financing available.

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Buyers purchasing a condominium or a single-family home that is being sold as a result of foreclosure, short sale or deed-in-lieu of foreclosure in Brockton and where the buyers income is at or below 135% of the area median income, which is currently $118,935 in Brockton market area. The loan amount cannot exceed $417,000 for a one unit, $533,850 for a two-unit, $645,300 for a three-unit and $801,950 for a four-unit house. Buyers must be also be credit worthy, and both the property and the borrower must qualify under the underwriting guidelines for the program. See lenders offering the program.

The current income limit is 135% of area median income in Brockton or $118, 935. The income includes all income from borrower on the mortgage, note and deed.

You do not have to be a first time home buyer to qualify, but you can not own another home.

The Buy Brockton Program on the Buy Brockton website is ideal for first time home buyers seeking to purchase a condominium

Up to 100% financing at a below market 30 year fixed rate with safe and affordable underwriting guidelines and some lenders offer rehabilitation financing option. This program also includes an affordable mortgage insurance premium for those borrower that are putting less than 20% down through MassHousing MIPlus mortgage insurance program. The mortgage insurance carries a few job loss insurance policies should a borrower become unemployed and meet the guidelines of the program.

Prospective buyers can find a list of Participating Employers on the Incentives page. In some cases, employers will contribute a dollar amount (up to $5,000) toward the purchase of an employee’s home, which will then be matched dollar-for-dollar by the Commonwealth of Massachusetts through specific loan programs. This program is currently in the initial stages of development in Brockton.

In order to participate in the Buy Brockton program prospective buyers must secure a mortgage loan through participating lender. Note: check with your employer to determine whether you may be eligible to receive additional financial systems toward your mortgage. Once a loan is secured through a participating lender and a closing takes place on a Brockton home, the buyer may be eligible to receive post purchase rewards from qualified participating partners.

Prospective home buyers should contact Brockton 12st Century Corporation at (508) 586-0021. To contact a participating lender visit our Lenders page. Each designated loan officer should have specific and detailed information regarding available Buy Brockton product offerings.

You must use a lender on the list of Buy Brockton lenders in order to be eligible for the BuyBrockton incentives. In addition, if you would like to access the low rate BuyBrockton Mortgage Program and if you are purchasing a one-unit property sold as a result of foreclosure, deed-in-lieu of foreclosure or through a short sale, you must select from one of the BuyBrockton Mortgage Program lenders.

There are several lenders involved in the Buy Brockton program. See our list of lenders on this Web site.