Read to buy your first home? Get to know MassHousing
Who is eligible for a MassHousing Mortgage?
MassHousing loans help households with modest incomes buy a home in Massachusetts.
- Borrowers must meet income limits and purchase a single-family home, condo or 2-4 family property
- Many of our programs are for first-time homebuyers, but we have several programs if you’ve previously owned a home.
- Credit and other eligibility requirements also apply.
How to get a MassHousing Mortgage
MassHousing is not like other lenders. Here’s what you need to know:
- MassHousing works with more than 80 lending partners to make our loans available across Massachusetts.
- You choose an approved lender and ask for a MassHousing Mortgage.
- The lender determines your eligibility for a MassHousing Mortgage and down payment assistance.
- If you are eligible, you work with the lender during the homebuying process, through loan closing.
- After closing, MassHousing purchases your loan from the lender and you make your monthly mortgage payments to MassHousing.
Homeownership Down Payment Assistance
Kay Mazara
A disciplined approach leads to homebuying success
July 19, 2022
DPA has provided flexibility in renovating and adding other touches to her new home.
Homeownership Down Payment Assistance MassDREAMS
Abelardo C.
A MassDREAMS grant proves to be a 'game-changer' for first-time homebuyers
January 10, 2023
His homebuying team alerted him to MassHousing and the MassDREAMS grant program.
Homeownership Down Payment Assistance
"Wow this is really mine!"
Aliesha Porcena is a new homeowner in Boston, thanks to hard work, a thoughtful lender and down payment assistance
August 15, 2022
Aliesha understood that buying a home is not a quick process.