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Down Payment Assistance from MassHousing

Not enough savings for a down payment on a home? MassHousing can help!

MassHousing loans just got even more affordable! For qualified borrowers*, MassHousing now provides down payment assistance for up to 3% of the purchase price or $12,000, whichever is less.

  • Down payment assistance is a 15-year, fixed-rate loan at 1%
    (Example: $10,000 down payment assistance loan = 180 payments of $59.85; 1.015% APR)
  • 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

*Borrowers must be first-time buyers and income cannot exceed 100% of the area median income (AMI) which varies by region. Other eligibility criteria apply. Down payment assistance available on single family homes, condo and Planned Unit Developments (PUDs).

We can help you move toward a MassHousing loan

Thinking about applying for a home mortgage loan? Let us help. When you provide your information below, we’ll help you identify our lending partners that will be able to assist you with obtaining a MassHousing loan. We can also answer questions and send you our homebuying tips.

* Indicates mandatory field.

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Interest Rates

MassHousing rates change daily. Please contact a participating lender for the current MassHousing interest rate.

Mortgage Insurance

For loans that require it, MassHousing offers several mortgage insurance options.

Homebuying Tips

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Still Have Questions?

A photo of MassHousing's Rich Petisce

Do you have questions about the homebuying process or about our products and programs for homebuyers? Ask Rich, MassHousing's resident mortgage and homebuying expert!

TEL: 888.843.6432 | Email
Monday-Friday, 9 a.m. to 5 p.m.