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MASSHOUSING

We’ll get you on the right path to homeownership!

Affordable financing for the home you deserve.

For qualified borrowers*, MassHousing provides down payment assistance for up to 5% of the purchase price or $15,000, whichever is less.

Whether you’re a first-time homebuyer or don’t have quite enough for that down payment, we’ve got you covered. Fidelity Bank is a preferred MassHousing lender and their loan programs make homebuying more affordable.

For qualified borrowers*, MassHousing provides down payment assistance for up to 5% of the purchase price or $15,000, whichever is less.

This is great news for first-time homebuyers!

 

  • 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 due upon sale or refinance of the property prior to the end of the 15-year term.
  • Special programs and higher income limits for first-time homebuyers in the Commonwealth’s 26 Gateway Cities*.

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