MassHousing Expands Down Payment Assistance Program
MassHousing has expanded its down payment assistance mortgage program.
MassHousing has expanded its down payment assistance mortgage program.
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.
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.
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.