Massachusetts First Time Home Buyer? You Can’t Miss This!

(Last Updated On: November 26, 2018)

If you’re a Massachusetts first time home buyer, there are some things you need to know! We found ways for you to get help purchasing a home, assistance with your down payment and so much more.

Get more help buying a house with low income here!

You can get help with your down payment if you’re a Massachusetts first time home buyer.

If you’re looking for a home in an area of Massachusetts that the USDA has deemed rural, you might be able to get a no down payment loan that’s backed by the USDA. This loan can help you get into a home quicker and might make it easier for you to save money on the home. You will need to meet income requirements to use this loan if you’re a Massachusetts first time home buyer.

The Massachusetts Department of Housing and Community Development might be able to help you with down payment assistance. You could get help if you’re low income and you meet certain other requirements the department puts into place.

Here are more resources to help you purchase a home in Mass!

The MassHousing program might be able to offer affordable mortgage financing. They could help if you’re a Massachusetts first time home buyer and you meet their requirements. You might be able to get help with your entire mortgage or a portion of it.

The Massachusetts Housing Partnership offers a ONE mortgage. This includes only a 3% down requirement along with financial assistance. The mortgage does not require you to have private mortgage insurance. It also comes with a fixed interest rate that is lower than traditional loans. Most low- and moderate-income families can qualify for this loan in Massachusetts.

You might be able to get help from the Habitat for Humanity. This organization could help you get into a mortgage by putting sweat equity into it. The Habitat generally has a waiting list you’ll have to be one before getting approved for help.

In addition to their zero-down mortgage assistance, the USDA might also offer other products to people in rural areas. You’ll need to meet their requirements to get help with your mortgage. The program might also require you to meet credit limits.

An FHA loan might be a great option if you’re a Massachusetts first time home buyer. You can generally get this loan through a traditional lender, but it’s backed by certain guarantees. It comes with lower down payment amounts and less stringent credit requirements.

We found programs for veterans & military.

The VA home loan might be an option if you’re a veteran or a current military member! You could get lower interest rates and lower down payments. This loan might also require you to have a lower credit score than traditional loans require. If you’re a Massachusetts first time home buyer, you might not even need PMI with a loan backed by the VA! You’ll need to meet the guidelines to get help with this loan.

Your city could help if you’re a Massachusetts first time home buyer.

Your city or town might be able to help you purchase a home or even get a down payment for your home. If you’re a Massachusetts first time home buyer, check with your area to see if help is available!

Adams

The Adams Community Development might be able to help you with down payments and affordable housing options. They could help if you’re a Massachusetts first time home buyer who wants to purchase a home in the city of Adams.

Arlington

If you’re in Arlington and Massachusetts first time home buyer, you might be able to get down payment assistance. The amount you get could be up to 20% and it can be financed with a second mortgage. It comes with lower interest rates than traditional lending sources. The community development department also offers counseling for people who want to purchase a home.

Massachusetts first time home buyer

Boston

The City of Boston might offer financial help and counseling. They offer resources for people who want to purchase a home in the city and even better benefits for people who want to purchase a multi-family home. You might be able to get help with your home purchase if you’re low-income and buying in Boston.

Brockton

Homeowner help is available to people who are purchasing a home in Brockton. There are programs available that can help you with credit counseling as well as homeownership counseling. You might be able to get help with your down payment or your closing costs.

Cambridge

The Cambridge Community Development might be able to help if you’re a Massachusetts first time home buyer. They offer counseling classes as well as affordable units. They could even help with down payment assistance to make it easier for you to get into your new home.

Easton

The Affordable Housing Trust in Easton might be able to help you purchase your first home in the city. They offer grants to people who are qualified. You can use the grant toward your down payment or your closing costs. Since it’s a grant, you won’t have to pay the city back.

Fall River

Are you in Fall River and want to purchase a home? There are options available! You might be able to get help with your closing costs, down payment and so much more.

Fitchburg

Down payment assistance is available for people in Fitchburg. The city might be able to help you get into a home by providing you with the necessary down payment. Not everyone will qualify for this type of assistance and it might not always be available depending on different factors.

Framingham

The first time home buyer assistance program in Framingham might make it easier for you to purchase a home. Using the program, you might be able to get into a home sooner than you thought. You could use the program to pay for your down payment and to pay for other needs when you’re purchasing a home.

Gloucester

The Affordable Housing Trust in Gloucester could make it easier for you to purchase a home. The Trust might be able to help you with down payment assistance programs as well as closing costs. You could get help with other costs that go into purchase a home. The trust might even be able to help you find an affordable mortgage that works for your income and needs.

Haverhill

The Massachusetts first time home buyer down payment assistance program in Haverhill might be able to help you get into a home. They could provide up to $5,000 toward your down payment to help you save money while also helping you have a home of your own.

Holyoke

There are homeownership opportunities available in Holyoke! The program offers a variety of helpful options including up to $4,999 for your down payment.

Lawrence

If you’re a Massachusetts first time home buyer looking for a house in Lawrence, you might have options! The city offers a grant that could help with your home buying needs. You might be able to use this grant toward your home purchase, for your down payment or even for closing costs on the home.

Lynn

Funding might be available in Lynn if you’re a first time home buyer. The city offers programs that might be able to help you get assistance with your home purchase. Options available include funding for low and moderate-income families.

Malden

The redevelopment program in Malden might be able to help you find affordable housing. They could help with redevelopment and that might make it easier for you to purchase a home that’s updated and ready to live in.

Medford

If you’re looking for a home in Medford, you might be able to get help through their first time home buyer program. They offer a workshop that could help you learn more about homeownership. They also offer down payment and closing cost assistance that could help you get into a home without having to spend a lot of money up front.

Melrose

The community improvement program in Melrose might be able to help you find a home and get assistance for purchasing the home. They offer programs that might make it easier for you to find a home as well as financing.

New Bedford

The Neighborhood First Down Payment program might be able to help you if you’re purchasing a home in New Bedford. They also offer the ONE program that could make it easier for you to purchase a home.

Newton

The Homebuyer Assistance Down Payment program could help you if you’re a Massachusetts first time home buyer and want to find a home in Newton. There are programs available that might also help you with counseling and credit help to make purchasing a home in Newton a possibility!

Peabody

The Community Development program in Peabody might be able to help you with assistance toward your home purchase. You’ll need to apply for the program and meet their requirements if you want to get help through their program. You might also need to meet credit and residency requirements in the city.

Plymouth

Counseling and down payment help are available in Plymouth! If you are purchasing a home in the city and you want to begin the process right away, you might be able to get counseling that could teach you more about the process. The down payment help is available to those who qualify, but it might not be available all the time.

Quincy

You could get help purchasing a home in Quincy using their home buyer program. The program could help you with a 0% deferred payment loan toward your down payment. You might be able to save money on the loan or even save money on your home purchase by using this program.

Salem

If you’re purchasing a home in the city limits of Salem, you might be able to get help! There are options available that could help you pay for your down payment. You’ll need to meet the guidelines to qualify for down payment assistance through the city.

Somerville

There are affordable housing options available in Somerville that the city makes available to people who want to purchase. They also have assistance programs that might be able to help you with your down payment.

Springfield

If you’re in Springfield and you want to purchase a home, you might be able to get help with your down payment. If you’re a Massachusetts first time home buyer and you want help with your purchase, you might be able to get it through the city. You might also be able to get help finding a home and even affording closing costs.

Taunton

Financial assistance through the HOME program might be available if you’re in Taunton. There are programs that might be able to help you save money and might be able to make it easier for you to purchase a home. By using the HOME consortium, you could not only get help with closing costs and down payment but also with help finding a home and figuring out the right financing for your needs.

Weymouth

First time home buyers in Weymouth might be able to get help! You could get a 0% interest deferred payment loan up to $20,000 to use toward your home purchase. You might also be able to get help with your home purchase by using the payment options and the counseling services the city has to offer.

Worcester

Purchasing a home in Worcester doesn’t have to be hard! You might be able to get help through HOME and find housing opportunities in the city. They offer affordable housing options that might make it easier for you to save money on your home purchase. The city also has neighborhood grants that could pay completely for your down payment.

Serious about buying a house? Don’t miss these other resources!

Get more free stuff in Massachusetts!



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