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).

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