Downpayment and Closing Cost Assistance

The Borrower’s Assistance Program (BAP) is a program administered by the Holyoke Housing Authority that can help first-time buyers who are purchasing a home in Holyoke with downpayment/closing cost expenses up to $4,999.

To be eligible for assistance the borrower must:

  • Be income eligible-not make more than 80% of the area median income.
  • Be a first-time homebuyer-have not owned a home within the past three years
  • Be purchasing a single family home in the city of Holyoke
  • Have completed an approved first-time homebuyer education workshop series
  • Be in need of BAP assistance in order to purchase a home
  • Be purchasing a home with a purchase price at or below $271,000 (effective July 1, 23)
  • Have a Debt-to-Income Ratio within program limits of 30/43%

pdf iconBAP fact sheet 2023

pdf iconIncome limits guide 2023

pdf icon BAP Program Manual

If the borrower remains in the home for five years the loan is forgiven.

For more information and to request an application,  please contact Justine Sabbs at