Discover how you can receive up to $15,000 in financial assistance as a first-time homebuyer in Massachusetts. We offer comprehensive programs to help you cover down payments and closing costs. Start your journey toward homeownership today.
Verify Your Massachusetts Down Payment Assistance Eligibility
Buying a home can be daunting, but the Massachusetts Down Payment Assistance Program is here to make it easier. We provide a range of down payment and closing cost assistance options through city-specific programs.
Whether you're purchasing in Cambridge, Springfield, Worcester, or Brockton, we have a program that fits your needs.
Offers up to $10,000 in assistance.
Forgivable loan with 20% forgiven each year over five years.
Must purchase a home in Cambridge, be a first-time homebuyer, and meet income requirements.
Provides up to $4,000 in assistance.
0% interest deferred-payment loan, forgiven over five years.
Must purchase a home in Springfield, be a first-time homebuyer, and meet income requirements.
Grants up to $5,000 for down payment and closing costs.
Federally funded through HUD’s Community Development Block Grant.
Must purchase a home in Worcester, be a first-time homebuyer, and meet income requirements.
Offers up to $15,000 in financial assistance.
0% interest deferred loan, repayable upon property transfer or refinancing.
Must purchase a home in Brockton, be a first-time homebuyer, and meet income requirements.
Affordability: Receive up to $15,000 in financial assistance to make your home purchase more affordable.
Flexibility: Different cities, different needs—choose from four unique programs tailored to various Massachusetts locations.
Support: Benefit from forgivable loans, zero-interest deferred loans, and expert guidance every step of the way.
Accessibility: Programs are designed to help first-time homebuyers meet their down payment and closing cost requirements.
Local Focus: Each program is specifically tailored to its city, ensuring you get the support you need where you want to live.
To qualify for the Massachusetts Down Payment Assistance Program, you must meet the following general requirements.
First-Time Homebuyer: You have not owned a home in the past three years.
Income Limits: You must meet specific income eligibility requirements for your chosen program.
Property Location: The property must be within the city limits of the chosen program (Cambridge, Springfield, Worcester, or Brockton).
Homebuyer Education: Completion of a First-Time Homebuyer workshop is required.
Primary Residence: The home must be your primary residence after purchase.
Each program may have additional specific requirements. Check with your chosen program for more details.
Each Massachusetts Down Payment Assistance Program offers unique loan terms designed to ease the financial burden of homeownership.
Cambridge: Forgivable loan, 20% forgiven each year over five years.
Springfield: 0% interest deferred-payment loan, forgiven over five years.
Worcester: Grants up to $5,000 with no repayment required unless conditions are unmet.
Brockton: 0% interest deferred loan, repayable upon property transfer or refinancing.
These terms make it easier for you to focus on enjoying your new home rather than worrying about financial constraints.
Expertise: We have years of experience helping first-time homebuyers navigate the complexities of purchasing a home.
Local Knowledge: Our programs are tailored to the unique needs of Massachusetts cities, ensuring you get relevant and effective assistance.
Comprehensive Support: From application to closing, we're with you every step of the way.
Commitment to Your Success: We are dedicated to making homeownership accessible and affordable for Massachusetts residents.
