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FHA loans in Massachusetts

Quick answer

FHA loans in Massachusetts require 3.5% down with a 580+ credit score; on a $525,800 home that's about $18,403. County FHA limits start at $541,287 for one-unit homes in lower-cost areas.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

FHA loan snapshot for Massachusetts

ItemEstimate
Minimum down payment3.5%
Minimum credit score580
Typical MA home value$525,800
3.5% down on typical home$18,403
20% down on typical home$105,160
Avg. effective property tax1.11%/yr (~$485/mo)
Income for typical home (31% rule)$168,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Massachusetts programs pair with FHA loans?

  • MassHousing Down Payment Assistance: A deferred second loan toward down payment and closing costs for eligible buyers.
  • Workforce Advantage: Higher assistance and reduced mortgage insurance for moderate-income first-time buyers.

Details and current limits: MassHousing.

Who is an FHA loan best for?

FHA is designed for buyers with modest savings or credit that's still being built. Because the government insures the lender against loss, lenders can approve borrowers they might otherwise decline.

  • Credit scores between 580 and 680.
  • Debt-to-income ratios up to about 50% with compensating factors.
  • Buyers using gift funds for the entire down payment.
  • Buyers who had a bankruptcy 2+ years ago or foreclosure 3+ years ago.

How much does FHA mortgage insurance cost?

The upfront premium (UFMIP) is 1.75% of the base loan amount and is usually rolled into the loan. The annual premium for most 30-year loans is 0.55% of the balance, paid monthly. With less than 10% down, annual MIP lasts for the life of the loan; with 10% or more, it ends after 11 years. Many owners later refinance into a conventional loan to drop MIP.

FHA loans in Massachusetts cities

FHA in BostonFHA in WorcesterFHA in SpringfieldFHA in CambridgeFHA in LowellFHA in BrocktonFHA in QuincyFHA in LynnFHA in New BedfordFHA in Fall RiverFHA in NewtonFHA in LawrenceFHA in SomervilleFHA in FraminghamFHA in HaverhillFHA in MaldenFHA in WalthamFHA in BrooklineFHA in RevereFHA in TauntonFHA in MedfordFHA in Weymouth TownFHA in ChicopeeFHA in PeabodyFHA in Methuen TownFHA in EverettFHA in Barnstable TownFHA in AttleboroFHA in ArlingtonFHA in SalemFHA in LeominsterFHA in PittsfieldFHA in BeverlyFHA in FitchburgFHA in MarlboroughFHA in WoburnFHA in WestfieldFHA in ChelseaFHA in Braintree TownFHA in HolyokeFHA in Amherst TownFHA in Watertown TownFHA in Randolph TownFHA in LexingtonFHA in Franklin TownFHA in NeedhamFHA in NorwoodFHA in North Attleborough TownFHA in WellesleyFHA in GloucesterFHA in MelroseFHA in Bridgewater TownFHA in NorthamptonFHA in West Springfield TownFHA in SaugusFHA in Agawam TownFHA in MiltonFHA in DanversFHA in MilfordFHA in Wakefield

Frequently asked questions

Yes. FHA loans are available statewide in Massachusetts through approved lenders, subject to county loan limits where they apply.

Often yes. MassHousing and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Massachusetts.

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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.