Tap into Massachusetts' premier down payment assistance program for first-time homebuyers.
Verify Your MassHousing Down Payment Assistance Eligibility
MassHousing offers up to $30,000 in down payment assistance to eligible first-time homebuyers in Massachusetts, helping them overcome one of the biggest obstacles to homeownership.
This assistance is available in every city and town and can be paired with an affordable MassHousing Mortgage.
You have two options: Option 1 is a loan you don’t have to pay back until you sell, refinance, or pay off your home, while Option 2 is a 15-year loan with low interest that you pay off monthly alongside your regular mortgage.
Explore the key benefits that make MassHousing's Down Payment Assistance Program an excellent choice for first-time homebuyers.
Up to $30,000 in down payment assistance.
Available in all cities and towns in Massachusetts.
Interest-free deferred payment option.
Low 2% interest rate option over 15 years.
Supports single-family homes, condos, and multi-family properties.
Designed for income-eligible first-time homebuyers.
Access to homebuyer education classes.
Over 80 MassHousing-approved lenders statewide.
Make sure you meet the following requirements to qualify for MassHousing’s Down Payment Assistance Program.
Must be a first-time homebuyer.
Must meet income eligibility criteria.
Must purchase a single-family home, condominium, or 2- to 4-family property.
The purchased property must be your primary residence.
Must pair the down payment assistance with a MassHousing Mortgage.
Must work with a MassHousing-approved lender.
Both loan options are second mortgage loans and must be paired with a MassHousing Mortgage. Eligibility is determined based on income and the specific first mortgage program requirements, ensuring that the program is accessible to a wide range of buyers.
Best of all, these loan options are available for properties located in every city and town across Massachusetts, giving you the flexibility to find your perfect home.
Interest Rate: 0% (Interest-Free).
Repayment: No monthly payments required.
When to Pay: Entire balance due upon selling, refinancing, or paying off the first mortgage.
Maximum Amount: Up to $30,000.
Interest Rate: Fixed 2% interest rate (APR 2%).
Repayment: Monthly payments of principal and interest over 15 years.
Maximum Amount: Up to $25,000.
Payment Example: A $25,000 loan would have 180 monthly payments of $160.88.
When you’re buying your first home, having the right help can make a big difference. Our team knows the Massachusetts real estate market inside and out, so we can give you the best advice for your needs.
We're here to help you every step of the way, from finding the best mortgage rates to understanding down payment assistance.
We’re focused on helping you succeed, with a personalized approach that puts your goals first. With access to great rates and customized solutions, we make it easier for you to become a homeowner.
Work with us and see how our dedication, local knowledge, and top-quality service can make your home buying journey smoother.
