$50k Down Payment from Mass Housing

Did you know that Mass Housing provides up to $50k in down payment assistance for qualified buyers? And we’re not just talking about low income folks either. If you make less than $192,000/year, you might qualify.

The program offers Up to $50,000 for homebuyers who purchase a home in the following communities:

Boston, Attleboro, Barnstable, Brockton, Chelsea, Chicopee, Everett, Fall River, Fitchburg, Framingham, Haverhill, Holyoke, Lawrence, Leominster, Lowell, Lynn, Malden, Methuen, New Bedford, Peabody, Pittsfield, Quincy, Randolph, Revere, Salem, Springfield, Taunton, Westfield, and Worcester.

They key thing to note here, is the assistance is provided as low interest loans. Some have interest rates as low as 2% while others are 0% interest loans due to be paid back at the sale of the property. Some more details:

MassHousing provides down payment assistance in the form of a second mortgage loan. MassHousing-approved lenders determine which type and the amount of down payment assistance a borrower is eligible for.

• Type 1 DPA is an interest-free deferred payment second mortgage loan, which means that no payments are due until the property is sold, refinanced, or the first mortgage loan is paid off, at which time, the entire balance is due.

• Type 2 DPA is a 15-year amortizing second mortgage loan at a fixed 2% rate of interest (APR 2%), which means that the borrower makes monthly payments of principal and interest for 15 years on this second loan, in addition to the monthly payments on their first mortgage loan.

These are GREAT options! Saving for a down payment can be daunting and these programs truly help folks fast track their timeline to home ownership.

Reach out to for some more details and how these programs might help you!