ONE Mortgage Program

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Commonwealth of MassachusettsMAFirst-Time Homeowner

Funding: Rather than a flat grant, the program lowers total housing costs through below market interest rates, elimination of private mortgage insurance and, in some cases, layered subsidies and assistance such as ONE plus and ONE plus Boston that together can save borrowers thousands of dollars over the life of the loan and may include targeted down payment or closing cost help.State 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.RollingDeadline: Scope: Statewidestate

Updated: Dec 6, 2025

Summary

Flagship affordable mortgage program offering first-time buyers a low down payment, below-market fixed rate, no PMI, and built-in interest subsidy to keep payments manageable.

Benefits

low down paymentno PMIinterest subsidyaffordable mortgagehomebuyer education

Who Can Apply

homebuyerfirst-time homebuyerlow-income homebuyerMassachusetts resident

Eligible Locations

Low and moderate income first time homebuyers in Massachusetts who meet ONE Mortgage income and purchase price limits, complete approved homebuyer education and purchase an owner occupied one to three family home or condominium anywhere in the Commonwealth using a participating ONE Mortgage lender.

Eligibility

Low- and moderate-income first-time homebuyers in Massachusetts who meet MHP income and purchase price limits, complete approved homebuyer education, and purchase an owner-occupied 1–3 family home or condo; borrowers must qualify for a ONE Mortgage through a participating lender, and some variants (like ONE+ and ONE+ Boston) target specific communities or offer additional subsidies.

Full Description

The ONE Mortgage Program, administered by the Massachusetts Housing Partnership and highlighted on Mass.gov, is designed specifically for first-time buyers who need a safe, sustainable path into homeownership. It offers a 30-year fixed-rate mortgage with down payments as low as 3%, no private mortgage insurance, and a unique interest subsidy that lowers monthly payments compared to standard conventional or FHA loans. Eligible borrowers must be first-time homebuyers, meet income and purchase price caps, and complete a certified homebuyer education course before closing. ONE Mortgage can be used to purchase 1–3 family homes and condominiums across Massachusetts and is delivered through a network of participating lenders. Recent enhancements like ONE+ and ONE+ Boston add further benefits for low- and moderate-income buyers in targeted communities, including rate discounts and additional down payment or closing cost assistance. Together, these features make ONE Mortgage one of the most powerful tools in Massachusetts for bridging racial homeownership gaps and helping renters move into stable, long-term homeownership.

Verification & Details

Status: Open

Source: mass.gov

Official source → mass.gov

Apply on official siteUpdated Dec 6, 2025

Recommended Resource

First-Time Homebuyer Starter Pack (2025 Edition)

A complete first-time homebuyer toolkit: 9 checklists, timelines, grant guidance, worksheets + editable Excel/Google Sheet budget & affordability calculator.

first-time homebuyerhomebuyer starter packhome buying checklistbudget templategoogle sheet budgetdown payment assistancehomeownership toolkitdigital downloadPDF workbookaffordability calculator

View digital guide Buy now

More statewide programs

Explore additional grants available throughout Massachusetts that complement this opportunity.

First-Time Homebuyers in Massachusetts

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MassHousingMAFirst-Time HomeownerState housing finance agency platform that delivers affordable 30 year fixed rate MassHousing mortgages through participating lenders and allows eligible buyers to add agency backed down payment assistance up to 30000 dollars to reduce cash needed at closing.

Updated: Dec 6, 2025

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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City of Salem, MA – Department of Planning & Community DevelopmentMAFirst-Time HomeownerCity housing office that uses local, state and federal funds to offer first time homebuyer down payment assistance loans, housing rehabilitation loans and landlord assistance programs alongside broader housing stability resources.

Updated: Dec 6, 2025

City of Salem housing resource hub featuring the First-Time Homebuyer Downpayment Assistance Loan Program plus rehab, landlord, and housing stability programs for residents.

Funding: The First-Time Homebuyer Downpayment Assistance Loan Program provides down payment assistance loans to income eligible buyers purchasing in Salem, while separate rehab and landlord programs offer financing for owner occupied and investor owned properties; specific loan sizes and terms are defined in individual program guidelines rather than as a single flat grant amount on this overview page.Deadline: Low- and moderate-income first-time homebuyers seeking to purchase a primary residence within Salem city limits who can provide required matching funds and meet program income and underwriting guidelines; separate rehab and landlord assistance programs serve income-eligible owners and landlords of 1–7 unit properties.RollingLocalhomebuyerfirst-time homebuyerlow-income homebuyerhomeownerlandlordSalem residentdown payment assistancerehabilitation loanlandlord assistancehousing stabilityhomebuyer education

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MassHousing Mortgages

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Commonwealth of MassachusettsMAFirst-Time HomeownerState information portal describing MassHousing 30 year fixed rate mortgage products delivered through partner lenders with features such as low down payment requirements, competitive interest rates, optional mortgage payment protection and the ability to pair loans with MassHousing down payment assistance up to 30000 dollars.

Updated: Dec 6, 2025

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…

Funding: The page highlights that MassHousing mortgages can be combined with agency down payment assistance of up to 30000 dollars when paired with an eligible MassHousing first loan, even though the mortgage products themselves do not provide a flat grant amount.Deadline: Rolling; MassHousing loans are available year-round through participating lenders, subject to program terms and funding.RollingStatewidehomebuyerfirst-time homebuyerrepeat homebuyerlow-income homebuyerMassachusetts residentaffordable mortgagelow down paymentdown payment assistancepayment protectionhomebuyer education

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Down Payment Assistance up to $30,000

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MassHousingMAFirst-Time HomeownerState 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.

Updated: Dec 6, 2025

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

Eligible for: Income-eligible first-time homebuyers purchasing a 1–4 unit primary residence (single-family, condo, or 2–4 family) in Massachusetts who pai…

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.Deadline: Rolling; available in every city and town in Massachusetts while borrowers qualify for an underlying MassHousing first mortgage and DPA funds remain.RollingStatewidehomebuyerfirst-time homebuyerlow-income homebuyerMassachusetts residentowner-occupantdown payment assistanceclosing cost assistancesecond mortgagedeferred loanaffordable mortgage

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