Purchase · MassHousing
MassHousing - Homeownership Made Affordable
MassHousing is a Commonwealth housing initiative aimed to make homeownership more accessible within the state through down payment assistance, job-loss protection, and competitive interest rates.
Overview
What is a MassHousing Loan?
MassHousing is a quasi-public agency designed to make homeownership reachable across the Commonwealth. A MassHousing loan is a mortgage offered through participating lenders, like ourselves here at Ross Mortgage Company, that pairs competitive interest rates and borrower friendly features not typically available on a conventional or FHA mortgage. It's available for primary residence homebuyers and those looking to refinance who fall within their county's income limits and credit guidelines.
Competitive Interest Rates
MassHousing's backing helps keep rates competitive for eligible buyers.
Low Down Payment
Buy with as little as 3% down, with assistance available to help cover it.
Job Loss Protection
With MI Plus, borrowers can get coverage for mortgage payments in the event of a job loss.
Made for Massachusetts
Designed around the needs of buyers right here in the Commonwealth.
Eligibility
Do You Qualify?
MassHousing loans are for Massachusetts buyers within their county's income limit.
Borrower requirements
- Massachusetts Residents Must Purchase a Home in MA
- Income Under the County Limit Refer to Our Map Below
- Meet Credit Guidelines Borrower Credit Score Above 640
- Complete Homebuyer Education Online Course for First-Time Buyers
Property & use
- Primary Residence Borrower Must Occupy the Home
- Multiple Property Types Eligible Condos, Townhomes, Single Family Residences, and Multi-Families Allowed
- No First Time Homebuyer Requirement MassHousing Available for Repeat Buyers
- Down Payment Assistance Available Borrowers Can Reduce Upfront Cash Through DPA
Loan Details
The Numbers at a Glance
MassHousing offers competitive interest rates and down payment assistance to borrowers who meet credit guidelines and whose income falls below the corresponding county limits. A loan officer will confirm the details for your county and household.
Income Limits
Income Limits by County
Income eligibility caps vary by county. Hover or tap your county to see the limit for MassHousing programs.
Income limits shown by county. Limits are periodically updated by MassHousing; a loan officer will confirm the current figure for your county and household size.
FAQ
Common Questions
Who is eligible for a MassHousing loan?
Buyers purchasing a primary residence in Massachusetts whose household income falls within their county's limit. Both first-time and qualified repeat buyers may be eligible, depending on the program.
What are the income limits?
Income limits are set by county — see the map above for the limit in each of the 14 counties. Your eligibility is based on household income, so a loan officer will confirm where you stand.
How are MassHousing's rates?
MassHousing offers competitive interest rates for eligible buyers, and its loans can be paired with down payment assistance and optional MI Plus job-loss protection — features that add real value beyond the rate alone.
Can I combine it with down payment assistance?
Yes. MassHousing loans are designed to pair with down payment assistance, which can cover a large share of your down payment and closing costs.
Get Started
See if a MassHousing Loan Fits
Tell us a little about yourself and a loan officer will reach out — usually the same day.