Buy Worcester Now

Buy Worcester Now is a private/public partnership that seeks to promote and preserve home ownership in the City of Worcester. From lenders to lawyers, realtors to retailers, Buy Worcester Now offers a comprehensive approach to Buy Worcester Nowaddressing the needs of a new resident or a potential new homeowner in Worcester. Buy Worcester Now programs help potential homebuyers select a realtor to find their dream home,  a lender to create a package that suits their income and financial needs, a lawyer to guide them through the process, as well as retailers, service providers and others that make a new house a true home.


Buy Worcester Now loan programs are designed to help potential homebuyers select a lending package that suits their income and their needs through trusted and responsible lenders and credit unions. Buy Worcester Now loan programs and the many other loan programs offered by participating lenders can help buyers find a home of their choice at a price they can afford.


The information below is listed as a courtesy to the City of Worcester and the Buy Worcester Now Program. We make no guarantee of its currency or accuracy. For complete information, please check with the City of Worcester and the Buy Worcester Now Program.


Below are some guidelines and program requirements.


Down Payment Assistance Checklist for Lender

2013 Income Guidelines

Household Size

80% of Area Median Income Limits


1 $44,750
2 $51,550
3 $57,550
4 $63,900
5 $69,050
6 $74,150
7 $79,250
8 $84,350

Downpayment Assistance Program Overview

  • May be provided to low to moderate income first-time homebuyers

  • May be applied to 1-4 family properties, including condos and townhouses

  • Program may provide up to $10,000 in order to cover 50% of lender required down payment, and all applicable closing costs and fees

  • May be combined with employer incentives and other grant programs

Required Documentation (with Initial Application)

  1. Prequalification letter for lending institution

  2. Copies of last three (3) years of signed Federal Tax Returns (W-2, 1099) for all household members above the age of 18

  3. Verification of Employment for all wage earners above the age of 18, including pay stubs for the most current six (6) months prior to application

  4. Saving and Asset documentation for all household members, including six (6) months of bank statements

    Prior to Close

  5. Purchase and Sales Agreement

  6. Home Inspection Verification

  7. First Mortgage Loan Application, signed by lending institution

  8. Good Faith Estimate of Settlement Charges

  9. Truth in Lending Disclosure Statement

  10. Lead Paint Disclosure Statement

  11. Verification of Marital Divorce (if applicable)

2013 Worcester Real Estate Market

Single Family

Multi Family

Total Market Sales $180,589,465 Total Market Sales $55,384,343
Total Properties Sold
Total Properties Sold
Average Sales Price $185,300 Average Sales Price

Maximum Purchase Price - MUST be Owner's Primary Residence

Single Family $209,000
Two Family $267,562
Three Family $323,424
Four Family $401,937


BUY Worcester Now - City of Worcester Contact Information

General Help Line: 508-799-1400

Consumer Help Line: 508-799-1902

Down Payment Assistance

Mitch Ruscitti - 508-799-1400 x256

Rehabilitation Services

James Brooks - 508-799-1400 x229

Energy Program

George Saliba - 508-799-1400 x223

Lead Paint Program

Tim Hansen - 508-799-1400 x253

Participating Lender Contact Information (revised 12/1/13)

BayState Savings Bank

Maria Costa - 508-890-9064

Bank of Canton

Gary Premo - 508-479-5520

Clinton Savings Bank

John Ryan - 508-887-1462

Southbridge Savings Bank

Paul Nocivelli - 774-230-8869


Additional Resources

The Worcester Energy Program - The City of Worcester is pleased to offer the Worcester Energy Program, a municipal energy efficiency program that encourages residents, businesses and institutions throughout the City to take action to save energy. Worcester Energy (WE) continues Worcester’s long-standing commitment to being green.