Massachusetts Down Payment Assistance (DPA Option 1)
MassHousing offers Down Payment Assistance (DPA Option 1) to first-time buyers in Massachusetts: up to $30,000, as a deferred loan.
- Amount
- Up to $30,000
- Kind of help
- Deferred loan
- First-time buyers only
- Yes
- Homebuyer course
- Required
How is Massachusetts Down Payment Assistance (DPA Option 1) paid back?
Deferred loan: 0% loan. You repay all of it when you sell, refinance or pay off your main home loan.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for Massachusetts Down Payment Assistance (DPA Option 1)?
- Your income can be up to 60% of the area median income (AMI).
- Only for first-time buyers (usually no home owned in the past three years).
- A homebuyer education course before you buy.
- It comes with a MassHousing Mortgage loan.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for Massachusetts Down Payment Assistance (DPA Option 1)
- MassHousing pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on MassHousing's page for Down Payment Assistance (DPA Option 1), or pick a lender from the agency's list of participating lenders.
Ask a lender about Massachusetts Down Payment Assistance (DPA Option 1)
Tell us where you're buying and a lender that works with Massachusetts's programs can tell you whether Massachusetts Down Payment Assistance (DPA Option 1) fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Massachusetts
- Massachusetts Down Payment Assistance (DPA Option 2): up to $25,000, repayable loan.
- Massachusetts Down Payment Assistance (Option 3 DPA): up to $25,000, repayable loan.
- Massachusetts $2,500 Closing Credit for Veterans and Service Members: up to $2,500, grant.
All Massachusetts first-time home buyer programs · Down payment assistance in every state