Down Payment Assistance from MassHousing

Saving for a down payment is challenging! Down Payment Assistance, paired with a MassHousing mortgage loan can help you become a homeowner faster

 

Option 1: DPA $30,000

• For qualified income-eligible first-time homebuyers who purchase a home in Massachusetts
• Down payment assistance is in the form of a 0% interest rate, deferred payment second mortgage loan, and is due upon sale or refinance of the property.
• Available for 1- or 4-unit properties
• This down payment assistance is paired with a specific mortgage loan product for which the

borrower must be eligible.

Option 2: DPA $25,000

• For qualified income-eligible first-time homebuyers who purchase a home in a Massachusetts
• Down payment assistance is in the form of a 2% interest rate, fully amortized 15-year fixed rate and is due upon sale or refinance of the property.
• Available for 1- or 4-unit properties
• This down payment assistance is paired with a specific mortgage loan product for which the borrower must be eligible.

For more information on other MassHousing Mortgage Programs go to MassHousing.com or contact one of our PARTICIPATING LENDERS below.