MassHousing Down Payment Assistance (Option 2) (MA): Amount, Requirements & How to Apply

MassHousing Down Payment Assistance (Option 2)

Quick answer

MassHousing Down Payment Assistance (Option 2) is a Massachusetts down payment assistance program from MassHousing. It provides Up to $25,000 at a fixed 2% rate over 15 years as a repayable second mortgage. It is aimed at first-time buyers. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

Who qualifies for MassHousing Down Payment Assistance (Option 2)?

A 15-year amortizing second mortgage at a fixed 2% rate with monthly payments in addition to the first mortgage.

Detail	Program terms
Assistance	Up to $25,000 at a fixed 2% rate over 15 years
Type	Repayable second mortgage
Minimum credit	Not published on the program page
First-time buyer	Required
Income limits	See official page

How does MassHousing Down Payment Assistance (Option 2) work with an FHA loan?

Massachusetts's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down. On a $250,000 home, the minimum FHA down payment is $8,750 — assistance of up to $25,000 could cover it and part of closing costs, subject to program rules.

Where do I confirm current terms?

On the official page: https://www.masshousing.com/en/home-ownership/homebuyers/down-payment-assistance. Programs can pause when funds run out, so confirm availability with a participating lender.

“Amortizing over 15 years (monthly payments required*) $25,000 2% 2%” — MassHousing

← All Massachusetts down payment assistance programs

Frequently asked questions

Up to $25,000 at a fixed 2% rate over 15 years, according to MassHousing.

Yes — it's a second mortgage with its own repayment terms.

Sources

Data last updated October 23, 2026.

Find a lender that offers MassHousing Down Payment Assistance (Option 2)

Answer a few quick questions and get matched with purchase mortgage lenders in your area. Free, and it won't affect your credit score.

Get My Matches

Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.