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Massachusetts
First Time Home Buyer Grants

Chasing after Massachusetts first time home buyer grants to buy that home? Discover the best grants, programs for home buying in Massachusetts and other down payment assistance available to you below.

Are you excited to find a home in Massachusetts? Are you worried about the down payment monies?

You've come to the right place. Buying your first home is an awesome adventure!

Even though buying a home is a cool adventure, it can be scary too. But don't let that get to you.

There is a lot of useful information about home buying grants which will help you with that all important down payment.

If you would like help navigating the home buying process, which includes finding a grant; searching for that perfect home or even selecting the right mortgage, click here and fill out the questionnaire for some free coaching and let's get this process started!

massachusetts first time home buyer grants

Massachusetts Grants for Home Buying and Other Programs

To begin with, unfortunately, the State of Massachusetts doesn't offer a Massachusetts first time home buyer grant program for its residents.

But, there are several other options for their residents that offer low down payments or have assistance associated with them. One of those programs is called "MassHousing Loan," this is a mortgage that has low down payment options. It even offers a no-down payment option for some.

Additionally, there is a program called "DownPayment Assistance Option." This program provides assistance up to 3% of the loan up to $12,000. The option is a 15 year loan at 1% interest, but if you sell the house or refinance before the 15 years are up, you must pay the loan off. Only first time buyers can use this assistance.

Also there is an option called "One Mortgage Program," this one is specifically for first time home buyers. Not only does it have a low down payment requirement, but it also is designed to help low income borrowers afford a home at the current market rates with some cool assistance. That is pretty awesome! 

Now if you are a veteran, there are a couple of options for you in this state. Consider the program called "Operation Welcome Home" that has a deferred down payment loan option with zero percent interest associated with it to help with your down payment or closing costs. 

Perhaps you want to buy a house that needs work, well there is help for that as well. The "Housing Mortgage with Rehabilitation" is a program designed to help with the purchase and the repairs. 

All these options have limitations and requirements you have to meet. So be sure to do your homework. Even though grants may be limited, there are plenty of choices to investigate.

If you would like to chase after or look into any of these programs click here.

Federal Home Mortgage Grants

However, the good news is that the federal government does offer grant assistance for first time home buyers in Massachusetts. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.

Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Additional Home Buying Grants

Another website I would recommend that you view is Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Whatever you choose to do, it is always good to start a savings program. Just put a little away each paycheck. While you're looking for home buying grants, you can save up a little money. If for some reason the assistance programs out there are not for you, you will have some money saved up on your own.

Guess what! It may be just enough to buy a home with some of these special loan programs out there like FHA. They don't require much monies down.

If you need help estimating your mortgage closing costs, check out this FREE closing costs calculator by clicking here.

Perhaps a grant is not available in your state. Or you do not qualify for one. Don't get discouraged. If you still want to save money, check out this page that discusses the zero down payment program.

Otherwise, you may want to look at programs that have low down payment requirements

Would you like to know what type of loans are available? Visit our Home Mortgage Information page for tons of information on all kinds of loans. Learn about FHA, VA, and various other types of options.

Would you like some help? Perhaps a personal coach to guide you through the process is what you're looking for. For free coaching, fill out the questionnaire here. Then you will be contacted and offered the assistance you seek.

More Massachusetts First Time Home Buyer Grants Support

Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

Click here for additional information on Massachusetts First Time Home Buyer Grants.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

Happy House Hunting!!


Leave Massachusetts First Time Home Buyer Grants and return to State Lists main page.

Go to House Buyer Solutions Home Page.

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