Overview
Massachusetts's housing market offers opportunities for first-time buyers, with a median home price of approximately $600,000. The MassHousing provides the primary state-level assistance through mortgage programs and down payment assistance for qualifying buyers.
The MassHousing DPA Program is a masshousing's key offering for first-time buyers, providing up to $50,000 in down payment assistance as a 15-year, 0% interest deferred loan. This program is designed to reduce the upfront cost barrier that prevents many qualified buyers from purchasing a home. Buyers must complete a HUD-approved homebuyer education course and work with an approved lender.
State Programs
MassHousing DPA Program
Down payment assistanceONE Mortgage Program
Affordable mortgage with DPAFederal Programs Available in Massachusetts
These nationwide programs can be combined with Massachusetts state assistance for maximum benefit.
FHA Loan Program
Low down payment mortgageVA Home Loan
Zero down payment mortgageUSDA Rural Development Loan
Zero down payment mortgageTips for First-Time Buyers in Massachusetts
The ONE Mortgage Program extends additional support through fixed-rate mortgage with 3% down and no private mortgage insurance. Massachusetts has a graduated income tax of 5.00% plus a 9% surtax on income over $1 million. Property taxes average about 1.14%. MassHousing's generous $50,000 DPA is among the highest in the nation.
Federal programs complement state offerings in Massachusetts. FHA loans require just 3.5% down with flexible credit requirements. VA loans provide zero-down-payment financing for veterans and active-duty military, particularly relevant near multiple military installations. USDA loans offer zero-down-payment options in eligible rural areas, which cover significant portions of Massachusetts.
Prospective buyers should compare all available options, as combining state and federal programs can dramatically reduce out-of-pocket costs. Working with a HUD-approved housing counselor can help navigate the application process and identify the best program combination for your situation.
Frequently Asked Questions
For educational purposes only -- not financial or tax advice. Program details, eligibility requirements, and benefit amounts are subject to change. Verify all information directly with the administering agency before applying. Last verified: March 30, 2026.