First Time Homebuyer Mortgages
MassHousing - Workforce Advantage
Minimum Downpayment from Borrower: 0% of the purchase price
$30,000 down payment and closing cost assistance available
$22,000 toward down payment and $8,000 towards closing costs
Example:
$282,000 purchase price
Total down payment: $22,000
Estimated Monthly Payments:
$1,435.73 Principle and Interest (using a 5.25% interest rate)
$370 - Condo fee
$279.88 - Taxes
= $2,085.61 Total Cost Per Month
The above calculations are estimates and can vary based on the borrower and current interest rates.