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*
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 www.masshousing.com. MassHousing does not lend directly to consumers and offers its loan products through MassHousing approved lenders.