First Time Home Buyer Programs Massachusetts
First time Home buyer programs Massachusetts – Attractive home buying programs for you
The state of Massachusetts located in the east coast is a tiny state and has some of the best places to attract first time residents. The state offers various first time home buyer programs Massachusetts that are run and administered by the Massachusetts Department of Housing and Community Development. Some of these affordable housing programs are as follows:
The State Soft Second Mortgage Program
This is a second mortgage on the first conventional mortgage loan, funded by the state and is heavily subsidized on interest rates. The second mortgage is being offered to take care of additional fund requirements to purchase a home. Persons with annual income of $48000 or less can benefit from this program if they are looking for a home of their own. The minimum down payment requirement is 3%.
The Local Home buyer Program
This program under the First time Home Buyer Programs Massachusetts is aimed at funding non-government bodies and organizations to provide finance to families whose income is at or below 80% of the median in local Boston area. The family here means a family of 4 members.
Mass Housing Program
This program is aimed at providing below market rate interest mortgage financing to local first time home buyers. The program also supports the requirements of residents who require a supplementary home improvement loan.
The following agents and counselors can help you further with their expertise in various first time home buyer programs Massachusetts:
CAMBRIDGE CREDIT COUNSELING CORPORATION Phone: 800-757-1788
Toll-free: 800-757-1788
67 Hunt Street
Agawam, Massachusetts 01001
ALLSTON BRIGHTON COMMUNITY DEVELOPMENT CORP. Phone: 617-787-3874
20 Linden Street, Suite 288
Allston, Massachusetts 02134
MONEY MANAGEMENT INTERNATIONAL AMHERST Phone: 866-232-9080
Toll-free: 866-232-9080
409 Main Street
Ste.105
Amherst, Massachusetts 01002
AMERICAN CONSUMER CREDIT COUNSELING Phone: 800-769-3571
130 Rumford Ave.
Ste. 202
Auburndale, Massachusetts 02466-1371
MONEY MANAGEMENT INTERNATIONAL BEVERLY Phone: 866-232-9080
Toll-free: 866-232-9080
100 Cummings Center
Suite S-311H
Beverly, Massachusetts 01915
ACTION FOR BOSTON COMMUNITY DEVELOPMENT, INC. Phone: 617-348-6334
178 Tremont Street
Boston, Massachusetts 02111
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