Unlocking Homeownership: Massachusetts’ Expanded Down Payment Assistance Program

Spring has always been synonymous with renewal and growth, and this season, it brings an exceptional opportunity for prospective homeowners in Massachusetts. David Lenoir, a seasoned Real Estate Agent with Coldwell Banker Realty in the Greater Boston Area, teams up with Rick Waldron, a knowledgeable Mortgage Officer at Guaranteed Rate Affinity, to shed light on an expanded down payment assistance program that could be a game-changer for many.

Mass Housing is now offering an incredible opportunity for first-time homebuyers: up to a $25,000 loan at a mere 2% interest towards the buyer’s down payment. This opportunity is not limited to specific towns or cities but is available across the Commonwealth of Massachusetts. To qualify, applicants must meet certain income limits and be first-time homebuyers, defined as anyone who has not been on title within the last three years.

What makes this program especially appealing is the affordability of the loan repayment. For instance, a $25,000 loan at 2% interest translates to a surprisingly low monthly payment, making the dream of homeownership much more attainable for many.

David Lenoir and Rick Waldron emphasize that this program could significantly impact the path to homeownership, offering a lifeline to those who thought their dream home was out of reach. For anyone looking to navigate the complexities of buying a home in Massachusetts, their expertise and guidance could be invaluable.

For more information, DM me or call 781-734-7098.

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