![]() To inquire about affordable condominiums for first-time buyers, email Erin Zwirko, Assistant Director of Planning and Community Development, at Neighborhood Development of Boston offers financial assistance programs, including up to five percent of your new home’s purchase price toward a down payment, as well as closing costs on condominiums and closing costs for condominiums, as well as one-to-two unit properties. Click the Massachusetts Housing Partnership link to see eligibility guidelines, and receive estimations on how much it will cost you to own your first home. Massachusetts Housing Partnership – Here is another opportunity to pursue the ONE Mortgage Program. Prospective buyers are taken through important steps of the buying process, including pre-sale and post-sale aspects of home ownership. Massachusetts Housing Consumer Education Centers – With information centers across the state, there are always opportunities to attend educational workshops on home ownership. The department also promotes the ONE Mortgage Program, which offers a 30-year loan with only 3 percent down and low interest rates. Massachusetts Department of Housing and Community Development – The Department of Housing and Community Development has established the First Time Home Buyer (FTHB) program, which offers resources and learning opportunities to first-time home buyers. They also provide up to $2,500 in closing cost assistance to borrowers who have served in the military, through Operation Welcome Home. These include affordable mortgages to moderate-income and low-income buyers, as well as a program that does require mortgage insurance. MassHousing – MassHousing provides a variety of assistance programs for state residents. ![]() When exploring home buyer programs by state, Massachusetts has number of options. Massachusetts programs for first-time home buyers These programs offer serious benefits, like grants, tax credits, and assistance with down payment and closing costs, to name a few.Ĭlick on the hyperlinks to explore eligibility for programs that can help you reach your goal of home ownership. We’ve compiled a list of home buyer programs by state which incentivize and assist first-time buyers in Massachusetts, Connecticut, and Rhode Island. When buying a home, there are a lot of things to consider-especially if it’s your first time. Please note: Due to public health concerns regarding COVID-19, please check whether relevant departments in your state and municipality are functioning as normal.
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