First-Time Homebuyer Programs in Massachusetts: What You Should Know
First-Time Homebuyer Programs in Massachusetts: What You Should Know
If you’re buying your first home, you may be wondering:
“What first-time homebuyer programs are available in Massachusetts?”
Massachusetts offers several programs designed to help buyers with down payments, interest rates, and upfront costs — but understanding how they work (and whether you qualify) is key.
The Short Answer: Yes, There Are Programs — But Not Everyone Qualifies
Massachusetts has some of the strongest first-time buyer programs in the country. However, they come with:
Income limits
Purchase price limits
Property eligibility rules
Specific lender requirements
That’s why many buyers miss out — or assume they don’t qualify when they actually might.
What Is Considered a “First-Time Homebuyer” in Massachusetts?
You’re typically considered a first-time homebuyer if:
You haven’t owned a home in the last three years, or
You’re purchasing with a spouse who hasn’t owned recently
This definition allows more people to qualify than many expect.
Common First-Time Homebuyer Programs in Massachusetts
While programs change over time, here are the most common categories buyers should know about:
1. Down Payment Assistance Programs
These programs help reduce the upfront cash needed to buy.
They may offer:
Deferred loans
Low-interest assistance
Forgivable portions (in some cases)
The amount and structure depend on income, location, and loan type.
2. Reduced Interest Rate Loan Programs
Some programs offer:
Below-market interest rates
Lower monthly payments
Predictable loan terms
These can improve affordability, especially for buyers staying long-term.
3. Municipal & Local Programs
Many cities and towns in Massachusetts offer their own assistance, which may include:
Grants
Deferred loans
Homebuyer education incentives
These programs are often limited and location-specific.
4. Education-Based Incentives
Most first-time buyer programs require:
A homebuyer education course
Financial readiness counseling
While it may feel like an extra step, this education often leads to stronger, more confident buyers.
Why First-Time Buyers Get Confused (and Frustrated)
Many buyers run into issues because:
Programs change frequently
Not all lenders offer all programs
Online information is outdated or incomplete
This leads to missed opportunities or unnecessary delays.
How The Dodge Group Helps First-Time Buyers Navigate Programs
At The Dodge Group, we help first-time buyers understand their options before they fall in love with a home.
We do this by:
Connecting buyers with trusted local lenders who specialize in MA programs
Helping determine which programs may fit your income and goals
Making sure expectations are realistic from the start
Structuring offers that remain competitive — even with assistance
The goal isn’t just getting you into a home — it’s helping you buy confidently and sustainably.
Are First-Time Buyer Programs Always the Best Option?
Not always.
Some buyers find that:
A traditional loan offers more flexibility
A slightly higher rate with fewer restrictions works better
Program limits restrict home choices
That’s why understanding all options matters — not just the advertised ones.
Thinking About Buying Your First Home in Massachusetts?
If you’re early in the process or unsure where to start, learning about first-time buyer programs is a smart first step.
We’re always happy to walk through:
Program basics
Lender options
Realistic price ranges
Next steps that make sense for you
👉 Schedule a no-pressure buyer strategy conversation with The Dodge Group
