Down Payment Assistance up to $30,000

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Funding: Provides up to 30000 dollars in down payment assistance as a second mortgage when combined with a MassHousing first loan, including a zero percent deferred option up to 30000 dollars with no monthly payments until payoff, sale or refinance and additional options that offer up to 25000 dollars as 15 year amortizing second mortgages at fixed 2 or 3 percent interest with modest monthly payments.State housing finance agency second mortgage program that offers structured deferred and amortizing loans layered on top of MassHousing first mortgages to cover a portion of the buyer's down payment and closing costs.RollingDeadline: Scope: Statewidestate

Updated: Dec 6, 2025

Summary

MassHousing’s flagship down payment assistance program providing up to $30,000 statewide via structured second mortgages layered on top of MassHousing first loans.

Benefits

down payment assistanceclosing cost assistancesecond mortgagedeferred loanaffordable mortgage

Who Can Apply

homebuyerfirst-time homebuyerlow-income homebuyerMassachusetts residentowner-occupant

Eligible Locations

Income eligible first time homebuyers purchasing a one to four unit primary residence in any Massachusetts city or town who pair the assistance with a MassHousing mortgage and meet MassHousing income, purchase price, credit and debt to income guidelines and complete a MassHousing approved homebuyer education class.

Eligibility

Income-eligible first-time homebuyers purchasing a 1–4 unit primary residence (single-family, condo, or 2–4 family) in Massachusetts who pair the assistance with a MassHousing mortgage and meet program income, purchase price, credit, and DTI guidelines; completion of a MassHousing-approved homebuyer education class is typically required.

Full Description

This page details how MassHousing’s down payment assistance (DPA) program works in practice. Eligible first-time buyers can receive up to $30,000 in DPA in the form of a second mortgage that must be paired with an affordable MassHousing first mortgage. Option 1 offers a 0% interest, deferred-payment loan up to $30,000 with no monthly payments due until the home is sold, the first mortgage is refinanced, or the first loan is paid off. Options 2 and 3 provide up to $25,000 in assistance as 15-year amortizing loans at fixed 2% or 3% interest, with modest monthly payments alongside the primary mortgage. All options are available in every city and town in Massachusetts, subject to income and loan program eligibility, and borrowers work with MassHousing-approved lenders to determine which structure and amount best fit their situation. Combined with agency-required homebuyer education, the program helps first-time buyers bridge the cash-to-close gap while maintaining a sustainable long-term payment structure.

Verification & Details

Status: Open

Source: masshousing.com

Official source → masshousing.com

Apply on official siteUpdated Dec 6, 2025

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Explore additional grants available throughout Massachusetts that complement this opportunity.

First-Time Homebuyers in Massachusetts

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Statewide MassHousing homebuyer portal offering affordable fixed-rate mortgages, down payment assistance, and homebuyer education to first-time and modest-income buyers across Massachusetts.

Eligible for: Households with modest incomes purchasing a 1–4 unit primary residence (single-family, condo, or 2–4 family) anywhere in Massachusetts who m…

Funding: MassHousing mortgages can be combined with down payment assistance of up to 30000 dollars statewide to help eligible first time and modest income buyers cover down payment and closing costs while keeping monthly payments affordable.Deadline: Rolling; MassHousing loans and assistance are offered year-round through participating lenders, subject to program funding.RollingStatewidehomebuyerfirst-time homebuyerlow-income homebuyerMassachusetts residentowner-occupantdown payment assistanceclosing cost assistanceaffordable mortgagehomebuyer educationlow down payment

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Housing Programs – City of Salem

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ONE Mortgage Program

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Commonwealth of MassachusettsMAFirst-Time HomeownerState supported affordable mortgage program administered by Massachusetts Housing Partnership that provides a 30 year fixed rate first mortgage with low down payment, no private mortgage insurance and built in interest subsidy and in some variants access to additional down payment or closing cost assistance.

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MassHousing Mortgages

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State information page summarizing MassHousing mortgage products: safe, fixed-rate loans with low down payment requirements and optional down payment assistance.

Eligible for: Massachusetts homebuyers with modest incomes who purchase 1–4 unit primary residences in the state, meet MassHousing income and purchase pri…

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