MassHousing loans just got even more affordable! For qualified borrowers*, MassHousing now provides down payment assistance for up to 3% of the purchase price or $12,000, whichever is less.

No Down Payment

Down payment assistance is a 15-year, fixed-rate loan at 1%
(Example: $10,000 down payment assistance loan = 180 payments of $59.85; 1.015% APR)

Repayment of the down payment assistance is also due upon sale or refinance of the property prior to the end of the 15-year term

*Borrowers must be first-time buyers and income cannot exceed 100% of the area median income (AMI) which varies by region. Other eligibility criteria apply. Down payment assistance available on single family homes, condo and Planned Unit Developments (PUDs).

For many Massachusetts residents dreaming of owning a house in an overcrowded market, small down payments are difficult to afford.

Income-eligible buyers using a MassHousing mortgage to purchase their first home will be able to finance 100 percent of the cost. They will also have to meet hurdles including a minimum credit score, homeownership class and household income that matches or is below their area’s median income.

The value of the home can’t exceed $400,000, with the top down payment assistance package being $12,000.



Bobbie Files, C.D.P.E., Realtor, SUCCESS! Real Estate



Contact me about Selling or Buying Your Home in Massachusetts Bobbie Files is a Real Estate agent at SUCCESS Real Estate, covering the Bristol, Plymouth and Norfolk County areas

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