The down payment assistance programs that are listed here are a sample of what is available for homebuyers in Massachusetts. This can be your starting point as you search for the right program for your family. Home Purchase and Refinance Loans

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City of Cambridge Down Payment Assistance

Financial Assistance for Homebuyers in Massachusetts

The City of Cambridge offers down payment and closing cost assistance to income-eligible first-time homebuyers purchasing a home in Cambridge. Buyers may be eligible for assistance of up to 6% of the purchase price. 

Available Assistance 

This assistance comes in the form of a forgivable loan. 20% of the loan is forgiven each year over a five-year period provided the buyer uses the home as their only residence. 

Eligibility Requirements 

To be eligible for the Down Payment Assistance Program, all applicants must be first-time homebuyers and complete a first-time homebuyer workshop. They must demonstrate a need for assistance and utilize all other available resource. Each applicant must purchase single-family home, condominium, or a two- or three-family home in the City of Cambridge that serves as their primary residence.  

Income Limits 
1-person household: $70,750 
2-person household: $80,850 
3-person household: $90,950 
4-person household: $101,050 
5-person household: $109,150 


*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but states and local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price, and income limits.       

Note: All figures mentioned above were accurate at the time of publication and may no longer be current. Visit the program website for updated information.     



Down payment assistance programs and/or grants were researched by the team at Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.'s compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

Down Payment Grants in Massachusetts

The City of Springfield Office of Housing helps income-eligible homebuyers overcome the hurdle of saving up for down payments and closing costs with its Down Payment Assistance Program.

Worcester, Massachusetts Down Payment Assistance Program offers up to $5000 in assistance funds to income-eligible first-time homebuyers.

MassHousing started Operation Welcome Hometo help homebuyers by providing loans with flexible underwriting, and down payment and closing cost assistance

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