Mortgage Loans, Down Payment Assistance & Homebuyer Benefits

Every year, thousands of homebuyers choose MassHousing's affordable mortgage loans with down payment assistance to buy a home in Massachusetts. MassHousing may be able to help you, too!

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Every year, thousands of homebuyers choose MassHousing's affordable mortgage loans with down payment assistance to buy a home in Massachusetts. MassHousing may be able to help you, too!

Down Payment Assistance icon

Down Payment Assistance

Up to $50,000, only available with a MassHousing loan

Saving for a down payment is one of the biggest obstacles facing homebuyers. That's why MassHousing provides first-time homebuyers with down payment assistance of

  • Up to $50,000 in Boston and 28 select communities
  • Up to $30,000 in every city and town in Massachusetts

Down Payment Assistance from MassHousing

  • May be used in combination with other local down payment and other assistance programs, such as the Federal Home Loan Bank Equity Builder
  • Is continuously funded. We won't run out of money for down payment assistance!

Learn more about Down Payment Assistance from MassHousing.

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MassHousing Mortgage icon

MassHousing Mortgage Loans

A simple, straightforward, affordable loan

MassHousing Mortgage loans are designed to increase your buying power and help you succeed as a homeowner. Every MassHousing Mortgage comes with

  • Affordable, fixed interest rates
  • No hidden fees or surprises

We offer Conventional and FHA financing.

Depending you where you're buying, the type of property and other factors, you may be eligible for a number of different mortgage options!

And unlike many other lenders, MassHousing will be with you for the long term, so if you ever have a question or concern about your mortgage, you'll know who to call.

Learn more about why first-time homebuyers choose MassHousing.

More flexible income and credit requirements mean more Massachusetts homebuyers may be eligible for a MassHousing Mortgage. See if a MassHousing Mortgage might be right for you!

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Umbrella icon for Mortgage Insurance with MIPlus

MIPlus Job-Loss Protection

Mortgage insurance that gives homeowners peace of mind

Typically, mortgage insurance is paid for by the borrower but only protects the bank.

But MassHousing offers Mortgage Insurance with MIPlus, a unique benefit that helps our borrowers pay their mortgage for up to six months, up to $2000/month, if they lose their job.

MIPlus mortgage payment protection benefits are available at no additional cost on loans insured by MassHousing.

Learn more about MIPlus.

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Even more options

$2,500 Closing Credit for Veterans and Service Members
Members of the National Guard or Reserves, active-duty military, veteran or Gold Star Families may be eligible for a $2,500 closing cost credit!

Purchase and Renovate with One Loan
MassHousing financing may be used to cover the cost of both purchasing and renovating a home.

Next Steps

Start your homebuying journey with MassHousing today!

Get answers to your questions • Receive advice from our Homebuying Experts • Sign up for our Homebuyer Tips newsletter

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