Average Boston Homebuyer Needs 20 Years to Save for Down Payment
The average homebuyer in Boston will need to save for two decades to afford a down payment, according to a new analysis from Realtor.com.
MassHousing Expands Down Payment Assistance Program
MassHousing has expanded its down payment assistance mortgage program.
Housing Market Tests New Mortgage Program’s Effectiveness
MHP’s new mortgage product offers new and bigger discounts to low- and middle-income buyers. But without more housing supply, officials say, there are limits to how much it can do on its own.
Gateway Cities Homebuyers Get New, Cheaper Mortgage Option
Low- and moderate-income, first-time homebuyers in Massachusetts’ largely working-class Gateway Cities have a new mortgage option at their disposal that’s designed to make home ownership more attainable.
Bank of America Brings Down Payment Assistance Program to Boston
Through a down payment grant program, BofA will give eligible homebuyers 3 percent of the home purchase price or up to $10,000. In Massachusetts, the year to date median single-family home sale price is $385,000.
