Mortgage Loans, Down Payment Assistance & Homebuyer Benefits

Saving for a down payment is one of the biggest obstacles homebuyers face. That’s why MassHousing provides eligible first-time homebuyers with down payment assistance of up to $30,000 in every city and town in Massachusetts.

Down Payment Assistance from MassHousing

• Must be paired with an affordable MassHousing Mortgage loan to purchase your home
• May be used in combination with other local down payment and other assistance programs, such as the Federal Home Loan Bank Boston’s Equity Builder
• Many cities and towns also offer first-time buyer down payment assistance. Check with the city or town where you are buying to learn about all available options.

MassHousing Mortgage loans are designed to increase your buying power and help you succeed as a homeowner. Every MassHousing Mortgage comes with

• Affordable interest rates, fixed for the life of the loan
• No hidden fees or surprises

We offer Conventional loans and FHA financing.

Depending you where you’re buying, the type of property and other factors, you may be eligible for a number of different mortgage options!

And unlike many other lenders, MassHousing will be with you for the long term, so if you ever have a question or concern about your mortgage, you’ll know who to call.

More flexible income and credit score requirements mean more Massachusetts homebuyers may be eligible for a MassHousing Mortgage.

Typically, mortgage insurance is paid for by the borrower but only protects the bank.

But MassHousing offers Mortgage Insurance with MI Plus, a unique benefit that helps our borrowers pay their mortgage for up to six months, up to $4,000/month, if they lose their job.

MI Plus mortgage payment protection benefits are available at no additional cost on loans insured by MassHousing.