Massachusetts offers several down payment assistance programs to help homebuyers with the upfront costs of purchasing a home. These programs are designed to make homeownership more accessible, especially for first-time buyers or those with limited financial resources.

One example of a down payment assistance program in Massachusetts is the MassHousing Down Payment Assistance Program. This program provides eligible homebuyers with a loan of up to 3% of the purchase price or $12,000, whichever is less, to be used towards the down payment and closing costs. The loan is interest-free and repayable over 10 years.

Another option is the Massachusetts Housing Partnership (MHP) ONE Mortgage Program. This program combines a conventional mortgage with a down payment assistance loan, making it easier for low- and moderate-income homebuyers to afford a home. The down payment assistance loan can be up to 3% of the purchase price or $15,000, and is repayable over 30 years.

It's important to note that eligibility criteria and program requirements may vary for each program. Generally, these programs are targeted towards first-time homebuyers, income limits may apply, and the home being purchased must meet certain criteria.

If you're interested in exploring down payment assistance programs in Massachusetts, it's recommended to contact the Massachusetts Housing Finance Agency (MHFA) or visit their website for more information. They can provide detailed information about the available programs, eligibility requirements, and application process.

References:

• MassHousing Down Payment Assistance Program
• Massachusetts Housing Partnership (MHP) ONE Mortgage Program
• Massachusetts Housing Finance Agency (MHFA)