Massachusetts First Time Home Buyer Grants and Loan Programs

Massachusetts first time home buyer grants and loan programs - Massachusetts offers several programs for first time home buyers.

The Citizens' Housing and Planning Association (CHAPA) offers programs first time home buyer education workshops and loan programs. The CHAPA website outlines "lottery" programs which offers a limited number of homes in certain communities. There are buyer income limits and other requirements for the lottery program. Check out the CHAPA website to learn more.

Special Programs for Boston Residents

The Boston Redevelopment Authority also offers programs for first time home buyers. They offer affordable homes to first time buyers that meet certain qualifications. The program sets a limit on the buyer's income as well sets a limit on the purchase price of the home. Check out the BRA website to see if you qualify.

Mass Housing

Another state program offered in Massachusetts is MassHousing.

MassHousing supports affordable housing opportunities across the Commonwealth of MA. Their home ownership programs help families find, finance and keep the home of their dreams. Programs are available to first time home buyers to help with a step-by-step guide to navigating path to home ownership.

To learn more about all of the programs offered by MassHousing, check out their website.

Special Programs for Malden Residents

The Malden Redevelopment Authority has stated that local banks have committed $8 million to a loan pool which is available for first and second time home buyers. Contact Malden City Hall at 1-781-324-5720 to request an application.

Special Programs for New Bedford Residents

The New Bedford Office of Housing and Community Development (OHCD) offers programs for first time home buyers.

The Neighborhoods First - First Time Home Buyer Program offers downpayment and closing cost assistance, rehabilitation assistance and gap financing to enable income eligible applicants to own their first home. One to four family properties are eligible. Borrowers must meet HUD income limits. When using this program for downpayment and closing cost assistance, applicants must provide at least $1,000 of the required downpayment from their own funds.

To see if you qualify for this or other OHCD programs, check out the City of New Bedford website.

Special Programs for Taunton Residents

The city of Taunton offers programs for first time home buyers, to assist with downpayments and closing costs. The city offers a grant of up to $10,000 toward closing costs, for those that qualify.

To see if you qualify for any of these programs, check out this link.

Special Programs for Cambridge Residents

The Cambridge Financial Assistance Program offers a grant to potential first time home buyers for a downpayment on a home. The home must be the buyer's primary residence and the buyer must agree to restrictions limiting the sale (or resale) of the property.

Review the following to see if you qualify for any available programs on the Cambridge CDD website.

"Home for the Brave" Program for Massachusetts Veterans

Effective July 2, 2008, there is a new program offered by Fannie Mae for Massachusetts Veterans. This program is offered through Mass Housing.

To see if you qualify for this program, check out this link.

Homes Offered by Catholic Social Services via Lottery

The Catholic Social Services is offering homes via lottery program in Massachusetts. There are homes available in several areas, including New Bedford, and housing such as apartments available.

Check out the info here.

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