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Down Payment Assistance from MassHousing

Up to 3% of the purchase price or $12,000, whichever is less, available in down payment assistance

Down payment assistance is a 15-year, fixed-rate loan at 1%
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

Program Requirements:

  • Borrower must be a first-time homebuyer
  • Borrower must meet income guidelines for the city/town they are purchasing in
  • Available for use on single family homes, condos, and Planned Unit Developments (PUDs)
  • Completion of a First Time Homebuyer Class

For more information visit MassHousing’s website: www.masshousing.com.