MassHousing Mortgage

A standard MassHousing Mortgage can provide the affordable financing you need to buy a home, condominium or 2- 3- or 4-family home.

If you are in the military or want to buy and renovate a home at the same time, see our other products on this page.

Next Steps

Questions? Contact our HomeOwnership Team at 888-843-6432 or homeownership@masshousing.com.

Down Payment Assistance

MassHousing has expanded its Down Payment Assistance Program to empower first-time homebuyers in Massachusetts!

  • Increased Assistance: MassHousing now provides down payment assistance for up to 5% of the purchase price or $15,000, whichever is less
  • More Property Types: Single-family homes, condominiums and 2-, 3- or 4-family properties are now eligible
  • Higher Income Limits: First-time homebuyers in Boston and the Commonwealth's 26 Gateway Cities* can earn up to 135% of the area median income (AMI); first-time buyers can earn up to 100% of AMI in the remainder of the Commonwealth. View income limits.

Down Payment Assistance

  • Down payment assistance is a 15-year, fixed-rate loan at 2%
    (Example: $15,000 down payment assistance loan = 180 payments of $96.53; 2.011% 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

*The Gateway Cities are Attleboro, Barnstable, Brockton, Chelsea, Chicopee, Everett, Fall River, Fitchburg, Haverhill, Holyoke, Lawrence, Leominster, Lowell, Lynn, Malden, Methuen, New Bedford, Peabody, Pittsfield, Quincy, Revere, Salem, Springfield, Taunton, Westfield, and Worcester.

Next Steps

Questions about Down Payment Assistance? Contact our HomeOwnership team at 888.843.6432 or homeownership@masshousing.com.

Workforce Advantage

Affordable financing with down payment assistance for lower-income first-time homebuyers in Boston and the Commonwealth’s Gateway Cities.

Made possible by a $2.5 million grant from the Commonwealth of Massachusetts, Workforce Advantage is available to First Time homebuyers who

  • Earn up to 80% of the Area Median Income (AMI)
  • Purchase a single-family home or condominium in the City of Boston or one of the Commonwealth’s 26 Gateway Cities*

*The Gateway Cities are Attleboro, Barnstable, Brockton, Chelsea, Chicopee, Everett, Fall River, Fitchburg, Haverhill, Holyoke, Lawrence, Leominster, Lowell, Lynn, Malden, Methuen, New Bedford, Peabody, Pittsfield, Quincy, Revere, Salem, Springfield, Taunton, Westfield, and Worcester.

Workforce Advantage Details

Workforce Advantage financing includes

  • An affordable, fixed-rate MassHousing Mortgage
  • Available with our Conventional or FHA insured first mortgage
  • A down payment assistance loan of up to 3% of a home’s purchase price of $15,000, whichever is less
  • Discounted MassHousing Mortgage Insurance with MI Plus job loss protection for Conventional loans
  • Financing may include renovation or energy efficiency improvements