MassHousing can help!

Not enough savings for a down payment on a home?

MassHousing and Fidelity Bank can help put home ownership within reach.

Fidelity Bank is a preferred MassHousing lender and their loans just got even more affordable! For qualified borrowers*, MassHousing now provides down payment assistance for up to 5% of the purchase price or $15,000, whichever is less. Great 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 also 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*

About MassHousing

MassHousing is an agency that was created by the Massachusetts Legislature in 1966. Our focus is housing opportunities for Massachusetts residents. To find out more, please visit MassHousing does not lend directly to consumers and offers its loan products through MassHousing approved lenders.
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For more information contact one of our Home Loan Specialists today!

*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. 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. Property types include: Single-family homes, condominiums and 2-, 3- or 4-family properties. Other eligibility criteria apply.