Looking for an extra $50,000?

…as a down payment for your mortgage?

Photo by Alexander Mils on Unsplash

Have you looked at a MassHousing backed conventional mortgages lately? MassHousing is an “independent, quasi-public agency” responsible with providing financing for affortable housing in Massachusetts.

In 2022 MassHousing is offering 10% of a home’s purchase price, up to $50,000, in down payment assistance to homeowners purchasing a home in Boston and 28 additional “gateway” communities. These communities include the City of Boston and the following mid-size cities: 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.

If you are looking outside of these communities, you may be eligible for down payment assistance of up to 10% of the purchase price up to $30,000.

MassHousing offers fantastic opportunities to increase your ability to purchase a home. Given home prices today, any help with increasing your down payment with this assistance program can really make a difference!

Outside of MassHousing there are other low-down payment options or down payment assistance programs available.

Want to learn more about MassHousing or other low down payment financing options?

Get in touch and I am happy to connect you to fantastic local mortgage lenders who can discuss the different mortgage options available to you! The mortgage lender can present customized options to meet your situation and your home buying goals!