The down payment assistance programs that are listed here are a sample of what is available for homebuyers in Massachusetts. This can be your starting point as you search for the right program for your family. Home Purchase and Refinance Loans

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City of Springfield Down Payment Assistance

Financial Assistance for Homebuyers in Massachusetts

A typical barrier that many prospective homebuyers face is being able to save up the funds to make a sufficient down payment or pay closing costs. The City of Springfield’s Office of Housing helps overcome this obstacle with its Down Payment Assistance Program

Available Assistance 
The City of Springfield’s Down Payment Assistance Program helps income-eligible homebuyers by providing a zero-interest loan of $4,000 that is full-forgiven in 5 years. These funds may be put toward the down payment or closing costs and are dispersed at closing. Pro-rated loan repayment is required if the homeowner sells, refinances, transfers title to the property; or if the home no longer serves as the owner’s primary residence. 

Eligibility Requirements 
To be considered eligible, applicants must have a household income at or under 80% of the area median income, as determined annually by HUD. They are required to contribute at least 1% of the sale price toward the purchase from their own funds, and meet other underwriting criteria (Maximum LTV ratio is 103%, and debt-to-income ratio must fall under 45%. All applicants must also attend and complete a homebuyer education program from a HUD-certified housing counselor at a HUD-approved housing counseling agency.  

Any home purchased with program funds must be located in the City of Springfield and must serve as the primary residence for the applicant.  

Income Limits 
1-person household: $47,850 
2-person household: $54,650, 
3-person household: $61,500 
4-person household: $68,300 
5-person household: $73,800 
6-person household: $79,250 
7-person household: $84,700 
8-person household: $90,200 

*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but states and local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price, and income limits.       

Note: All figures mentioned above were accurate at the time of publication and may no longer be current. Visit the program website for updated information.     

Down payment assistance programs and/or grants were researched by the team at Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.'s compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

Down Payment Grants in Massachusetts

The City of Springfield Office of Housing helps income-eligible homebuyers overcome the hurdle of saving up for down payments and closing costs with its Down Payment Assistance Program.

Worcester, Massachusetts Down Payment Assistance Program offers up to $5000 in assistance funds to income-eligible first-time homebuyers.

MassHousing started Operation Welcome Hometo help homebuyers by providing loans with flexible underwriting, and down payment and closing cost assistance

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