Yes, there are government-backed mortgage programs available specifically for Boston residents. These programs aim to provide affordable housing options and promote homeownership in the city.

One such program is the Boston Home Center, which offers various assistance programs to help residents with down payment and closing costs. They provide financial counseling, homebuyer education classes, and down payment assistance loans. The down payment assistance loans are forgivable over a certain period, usually 5 to 10 years, as long as the homeowner remains in the property.

Another program is the MassHousing loan program, which is available to first-time homebuyers and non-first-time homebuyers alike. MassHousing offers competitive fixed-rate mortgages with low down payment options and flexible eligibility criteria. They also provide down payment assistance loans and mortgage insurance to help borrowers qualify for a loan.

Additionally, the Federal Housing Administration (FHA) offers mortgage insurance programs that are available to Boston residents. FHA loans are insured by the government, which allows lenders to offer more favorable terms to borrowers with lower credit scores and smaller down payments. These loans often have more flexible qualification requirements compared to conventional mortgages.

It's important to note that these programs have specific eligibility criteria and application processes. Interested individuals should reach out to the respective program providers or consult with a local mortgage lender for more information and guidance.

References:

1. Boston Home Center - City of Boston
2. MassHousing - Official Website
3. Federal Housing Administration - HUD