Financing

Massachusetts First-Time Home Buyer Programs and Grants

Compare Massachusetts first-time homebuyer mortgages, down-payment assistance, education requirements, and local programs before applying.

Reviewed July 19, 20268 min read

Start with the statewide options

MassHousing offers mortgage products through participating lenders and down-payment assistance for eligible borrowers. ONE Mortgage, administered through the Massachusetts Housing Partnership and participating lenders, is designed for low- and moderate-income first-time buyers.

  • MassHousing mortgage and down-payment assistance
  • ONE Mortgage with a low down payment and no PMI
  • Municipal down-payment and closing-cost programs
  • Section 8 homeownership assistance for eligible voucher participants

What 'first-time buyer' usually means

Programs commonly define a first-time buyer as someone who has not owned a home during the previous three years, but definitions and exceptions vary. Some programs also impose household-income, asset, purchase-price, property-type, location, and owner-occupancy rules.

  • Complete an approved homebuyer education class early
  • Ask a participating lender to screen every household member
  • Check local programs where you plan to buy
  • Confirm that funds remain available before relying on assistance

Assistance is not always a grant

Down-payment assistance may be a deferred loan, forgivable loan, amortizing second mortgage, or grant. Read what triggers repayment—often a sale, refinance, payoff, or move—and whether appreciation sharing or resale restrictions apply.

Program rules change. Treat marketing amounts as a starting point and obtain a current written eligibility analysis from the program or an approved lender.

Official sources

Continue your research

This educational guide is not legal, tax, or financial advice. Program terms and laws can change. Confirm current requirements with the agency, lender, and a Massachusetts attorney for your transaction.
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