Up to $30,000 statewide (up to $50,000 in 29 MassDREAMS communities). 0% interest, deferred until sale.
MassHousing provides competitive first mortgage rates with built-in MI Plus insurance — a unique benefit that covers your mortgage payments for up to six months if you lose your job. No other state housing finance agency offers this protection as a standard feature.
The payment protection removes a major risk factor for first-time buyers in an expensive state. Combined with MassHousing's DPA (up to $50,000 in Boston), the program addresses both the upfront cost barrier and the ongoing fear of what happens if employment income is interrupted.
2-4 family properties eligible. Buy a triple-decker in Boston with $30K-$50K DPA, live in one unit, rent two.
We'll show you how to combine MassHousing DPA with other programs to maximize your free money — personalized to your ZIP code and income.