Checklist for the MassHousing First-Time Homebuyer Program

Homebuyers seeking assistance finding affordable housing, especially first-time buyers, should consider utilizing the services of MassHousing.

How MassHousing works

MassHousing is an organization that sells bonds to finance affordable housing. Investors fund loans which the organization provides to low- and middle-income homebuyers as well developers who provide affordable rental units.

If you need down payment assistance or a low down payment

MassHousing offers 15-year fixed rate loans of up to 5% of the purchase price or up to $25,000 in some cities, depending on your credit score.

If you need a first-time homebuyer course

MassHousing offers a variety of educational classes and programs in Boston and other areas to assist first-time homebuyers in navigating the process.

If you need to calculate the income limits for MassHousing

MassHousing assistance is limited by income depending on your location. Use their online income calculator to find out if you qualify.

If you need more home buying resources

MassHousing offers a lot of different home buying resources including infographics, videos, testimonials, podcasts, and more.