Down Payment Assistance from MassHousing
Up to 5% of the purchase price or $15,000, whichever is less, available in down payment assistance
Down payment assistance is a 15-year, fixed-rate loan at 2%
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
- 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 2-, 3- or 4 family properties.
- Completion of a First Time Homebuyer Class
For more information visit MassHousing’s website: www.masshousing.com.