Why choose a MassHousing loan?

  • Competitive interest rates, fixed for the life of the loan
  • Down payment assistance available to qualifying borrowers
  • No hidden fees or surprises
  • Responsible underwriting: we won't give you a loan you can't afford
  • MI Plus helps pay your mortgage in case of job loss
  • Local loan servicing: if you need us, you'll always know who to call

More than 70,000 people have used an affordable MassHousing Mortgage to buy their first home in Massachusetts!

Why choose a MassHousing loan?

  • Competitive interest rates, fixed for the life of the loan
  • Down payment assistance available to qualifying borrowers
  • No hidden fees or surprises
  • Responsible underwriting: we won't give you a loan you can't afford
  • MI Plus helps pay your mortgage in case of job loss
  • Local loan servicing: if you need us, you'll always know who to call

More than 70,000 people have used an affordable MassHousing Mortgage to buy their first home in Massachusetts!

Products for Homebuyers

House Icon

MassHousing Mortgage

A standard MassHousing Mortgage can provide the affordable financing you need to buy a home, condominium or 2- 3- or 4-family home.

If you are in the military or want to buy and renovate a home at the same time, see our other products on this page.

Next Steps

Questions? Contact our HomeOwnership Team at 888-843-6432 or homeownership@masshousing.com.

+ Read More - Less

Dollar Icon

Down Payment Assistance

MassHousing has expanded its Down Payment Assistance Program to empower first-time homebuyers in Massachusetts!

  • Increased Assistance: MassHousing now provides down payment assistance for up to 5% of the purchase price or $15,000, whichever is less
  • More Property Types: Single-family homes, condominiums and 2-, 3- or 4-family properties are now eligible
  • Higher Income Limits: First-time homebuyers in Boston and the Commonwealth's 26 Gateway Cities* can earn up to 135% of the area median income (AMI); first-time buyers can earn up to 100% of AMI in the remainder of the Commonwealth. View income limits.

Down Payment Assistance Program Details

  • Down payment assistance is a 15-year, fixed-rate loan at 2%
    (Example: $15,000 down payment assistance loan = 180 payments of $96.53; 2.011% APR)
  • Repayment of the down payment assistance is also due upon sale or refinance of the property prior to the end of the 15-year term

*The Gateway Cities are Attleboro, Barnstable, Brockton, Chelsea, Chicopee, Everett, Fall River, Fitchburg, Haverhill, Holyoke, Lawrence, Leominster, Lowell, Lynn, Malden, Methuen, New Bedford, Peabody, Pittsfield, Quincy, Revere, Salem, Springfield, Taunton, Westfield, and Worcester.

Next Steps

Questions about Down Payment Assistance? Contact our HomeOwnership team at 888.843.6432 or homeownership@masshousing.com.

+ Read More - Less

Workforce Advantage

Workforce Advantage

Affordable financing with down payment assistance for lower-income first-time homebuyers in Boston and the Commonwealth’s Gateway Cities.

Made possible by a $2.5 million grant from the Commonwealth of Massachusetts, Workforce Advantage is available to First Time homebuyers who

  • Earn up to 80% of the Area Median Income (AMI)
  • Purchase a single-family home or condominium in the City of Boston or one of the Commonwealth’s 26 Gateway Cities*

*The Gateway Cities are Attleboro, Barnstable, Brockton, Chelsea, Chicopee, Everett, Fall River, Fitchburg, Haverhill, Holyoke, Lawrence, Leominster, Lowell, Lynn, Malden, Methuen, New Bedford, Peabody, Pittsfield, Quincy, Revere, Salem, Springfield, Taunton, Westfield, and Worcester.

Workforce Advantage Details

Workforce Advantage financing includes

  • An affordable, fixed-rate MassHousing Mortgage
  • Available with our Conventional or FHA insured first mortgage
  • A down payment assistance loan of up to 3% of a home’s purchase price or $15,000, whichever is less
  • Discounted MassHousing Mortgage Insurance with MI Plus job loss protection for Conventional loans
  • Financing may include renovation or energy efficiency improvements

Contact a MassHousing lender for details and additional requirements.

Next Steps

Questions about Workforce Advantage? Contact our HomeOwnership team at 888.843.6432 or homeownership@masshousing.com.

+ Read More - Less

Tools Icon

Purchase & Renovation

Are you interested in buying a home in need of repair? Would you like to make updates or improvements before moving in?

You can do it with one affordable loan from MassHousing!

Purchase and Renovation Loan Benefits

  • Financing for both the purchase of a home and renovation costs
  • A single, monthly mortgage payment that is easier to manage over the life of the loan
  • A Refinance and Renovate option is also available

Next Steps

Questions? Contact our HomeOwnership Team at 888.843.6432 or homeownership@masshousing.com.

+ Read More - Less

Operation Welcome Home Icon

Operation Welcome Home

Affordable financing for members of the National Guard and Reserves, active-duty military, Veterans and Gold Star families.

Closing cost assistance of up to $2,500 is available and may be combined with down payment assistance.

Eligibility

To qualify for an Operation Welcome Home loan, you must

  • Be an active duty military member; member of the Reserves or National Guard; Veteran who served honorably; or Gold Star Family member 
  • Be a first-time homebuyer* 
  • Purchase a 1- to 4-family property in Massachusetts (including condominiums) 
  • Meet income and loan limits 

*You do not have to be a first-time homebuyer if you are purchasing a home in Boston, Chelsea, Cambridge, Everett, Fall River, Lawrence, Lynn, North Adams and Somerville.

Next Steps

Questions about Operation Welcome Home? Contact MassHousing's HomeOwnership team at 888.843.6432 or homeownership@masshousing.com.

+ Read More - Less

Umbrella Icon

MI Plus Mortgage Insurance

Loans insured by MassHousing feature MI Plus, a unique benefit that helps the borrower pay their mortgage if they lose their job.

MIPlus Benefits

  • Are included in the mortgage insurance provided by MassHousing at no additional cost.
  • Cover the principal and interest portion of the mortgage for up to 6 months (up to $2,000 per month).
  • Benefit is prorated based on borrowers' incomes at the time of the mortgage application.
  • Can be used for any 6 months during the first 10 years of the mortgage—after the first 6 months of the mortgage.

Questions about MI Plus? Contact our HomeOwnership team at 888.843.6432 or homeownership@masshousing.com.

+ Read More - Less

We can help you move toward a MassHousing loan

Thinking about applying for a home mortgage loan? Let us help. When you provide your information below, we’ll help you identify our lending partners that will be able to assist you with obtaining a MassHousing loan. We can also answer questions and send you our homebuying tips.

* Indicates mandatory field.

Resources