Are there down payment/closing cost assistance programs available for first time home buyers in MA?

(1) | asked by: Anonymous | share | 27 months ago | Report
2500 characters left
Answer Tips: Share your knowledge. Be on-topic . Refrain from self-promotion.
* Refer to our community guidelines.

Answers

Viewing Answers 1 - 5 of 5
answer by Peter Ricupero    |   Contact Me
Yes, there are. In addition to those listed below, buyers can receive credits towards purchase from anyone involved in the transaction: specifically mortgage companies and banks. Check with your with your lending institution.
0
1
Answer Helpful?
4 months ago  |   Report   |   share
answer by Mark Kavanagh    |   Visit My Website   |   Contact Me
The previous answers are all quite accurate however if you are interested in the information gathering process to start, I would direct you to masshousing dot com . Mass Housing has information directly on their site (don't worry they are not trying to sell you anything) that will answer many of your questions and they work hand in hand with local lenders and real estate pros to get you mortgages and properties that work for you. One of the BEST things you could do for yourself would be to spend some time educating yourself on that site (or in a homebuyer course).
0
2
Answer Helpful?
4 months ago  |   Report   |   share
My recommendation is to find a Realtor that you like and feel comfortable with. Interview us. Ask if we work with 1st time buyers, how long have we been (hopefully full time) agents, how many units have we sold in the past 2 years (the average agent sells 8 units per year), do we work more with buyers than sellers, etc. A strong agent will then refer you to strong lenders. You should receive more than 1 recommendation toa lender. The agent whold know town by town if there are special mortgage products available. For example some towns have 0% down programs. Agents also will refer you to good inspectors, real estate attorney's, etc. AND we receive our fees from the sale money that sellers have already agred to pay. It costs you nothing to work with an agent. It can cost you much not to. Enjoy the process!
0
0
Answer Helpful?
27 months ago  |   Report   |   share
Yes, there are programs available. A local lender will be able to discuss your particular situation and options available to you. If you'd like me to connect you with local lenders, please let me know. Good luck.
0
0
Answer Helpful?
27 months ago  |   Report   |   share
answer by Greg Maiser    |   Contact Me
There are indeed assistance programs available, though generally these are based on income or location. There are other ways to manage the need for out-of-pocket expenses for closing costs or down payments, as well. If you'd like more information specific to YOUR situation and needs, please contact a professional Realtor, or mortgage professional. My contact info is available in my profile, if I can be of any assistance.
0
0
Answer Helpful?
27 months ago  |   Report   |   share
Please read Homes.com's Questions & Answers Community Guidelines.