FINANCING & STATE ASSISTANCE
Financial Assistance Is Available to Help You Buy Your First Home in Massachusetts
Specialized programs exist to help you purchase your first home—even without a 20% down payment, with less-than-perfect credit, or with non-traditional employment history. My mission is to show you exactly how much aid you may receive and how to qualify smoothly.
Did You Know the Median Home Price in Massachusetts Exceeds $749,000 in 2026?
While the market may seem competitive, most families I represent purchase their first home with far less out-of-pocket cash than they initially expected. The secret lies in strategically pairing state assistance programs with preferential mortgage products.
Financing Solutions Designed for Massachusetts Homebuyers
MassDREAMS / ONE+
Up to $25,000 in Assistance
The state’s most generous program to cover your down payment and closing costs. Designed for families in 29 select disproportionately impacted communities, including key North Shore markets (Lawrence, Lynn, Salem, Haverhill, and Peabody). Awarded as a deferred grant with zero monthly payments
MassHousing DPA
Up to $25,000 Down Payment Assistance
If your target property falls outside MassDREAMS communities, this statewide initiative applies to every municipality in Massachusetts. It provides an accessible 15-year second mortgage featuring a heavily subsidized interest rate (2% to 3%) to complete your initial down payment
ONE Mortgage
Only 3% Down Payment Required
Much more than down payment aid: this is a below-market fixed-rate mortgage pioneered by the Massachusetts Housing Partnership (MHP). It allows you to purchase your primary residence with just 3% down while securing significantly lower monthly payments
Zero PMI Advantage
Direct Monthly Savings
By pairing your purchase with state-backed options like the ONE Mortgage, you completely eliminate private mortgage insurance (PMI). This delivers a direct monthly savings of $100 to $400 that stays in your pocket instead of going to the bank
FHA Mortgages
Credit Scores from 580
Backed by the federal government, FHA financing represents an outstanding pathway if you are strengthening your credit history. You can qualify with a credit score starting at 580 with a 3.5% down payment, and it can be blended with local homebuyer assistance programs
Boston First-Time Homebuyer Program
Up to $50,000 in Boston
If you are purchasing within the official city limits of Boston, the Boston Home Center provides up to 3% of the purchase price (capped at $50,000) to cover upfront down payment and closing costs
Find Out Exactly Which Programs You Qualify For
Let us analyze your scenario at no cost, with no obligation, and entirely in your preferred language.