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Down payment assistance and other forms of financial assistance are available for first-time homebuyers throughout Massachusetts.
MassHousing (The Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 to support affordable housing opportunities for Massachusetts residents.
Repayment of the assistance loan becomes due upon sale or refinance of the property prior to the end of the 15-year term. To be eligible for the MassHousing Down Payment Assistance program, applicants must be first-time homebuyers.
MassHousing provides Down Payment Assistance (DPA) of up to $30,000 in every city and town in Massachusetts. Eligible homebuyers in select communities can receive up to $50,000. Even with Down Payment Assistance, you may still need to have funds for when making an offer on a property and to cover closing costs.
Repayment of the assistance loan becomes due upon sale or refinance of the property prior to the end of the 15-year term. To be eligible for the MassHousing Down Payment Assistance program, applicants must be first-time homebuyers.
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So what exactly does the concept of mass housing mean? Mass housing is nothing but a multi-storied apartment-type house catering to the demand of generating superior homes befitting the middle-class families.
MassHousing (The Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 to support affordable housing opportunities for Massachusetts residents.
MassHousing Mortgage Loans We offer Conventional and FHA financing.
Homebuyers must put down a minimum of 3 percent of the purchase price when purchasing a single-family property, condominium, or two-family house. For example, a homebuyer would need a $9,000 down payment for the purchase of a $300,000 home.
Repayment of the assistance loan becomes due upon sale or refinance of the property prior to the end of the 15-year term. To be eligible for the MassHousing Down Payment Assistance program, applicants must be first-time homebuyers.

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