MassHousing Updates: New $50,000 Grants for 2024

MassHousing Updates: New $50,000 Grants for 2024

Big news for first-time buyers! Governor Healey has expanded assistance programs. If you're looking in Somerville or Arlington, homeownership just became more accessible.

What's New?

• Expanded Grants: Eligible buyers can now receive up to $50,000 for down payment and closing cost assistance (up to 5% of the purchase price).
• Income Limits: These have been adjusted for 2024 to reflect the higher cost of living in Greater Boston.
• Reduced Rates: MassHousing is offering interest rate discounts of up to 0.55% for qualified middle-income households.

The 'Catch'?

You must be a first-time buyer and complete a state-approved homebuyer education course.

[[CTA]] Think you might qualify? Let's connect you with a MassHousing-approved lender to verify your eligibility.