Most people are unaware that down payment and closing costs which are a huge obstacle to first time home ownership can be funded in a number of ways.
A great place to look is with city and town agencies.
Cities, towns and non-profit housing agencies throughout Massachusetts are offering down payment and closing cost assistance to first-time homebuyers in their areas.
Some of the costs that homebuyers must pay at the time they purchase their home are covered by this assistance.
It is intended for low to medium income homebuyers who are employed with good jobs that enable them to pay the mortgage but who unfortunately do not have sufficient savings to cover the costs and fees of closing on a home in Massachusetts.
The goal of the program is to increase homeownership among lower income households.
The federal government’s American Dream Down payment Initiative (ADDI) and other sources are offering funds to help with down payments and cover closing costs for first time buyers in Massachusetts.
American Down Payment Initiative is a HUD funded home buyer assistance program that gives money to state and local governments to create affordable housing for low-income households.
Check out:
Massachusetts Closing Costs Help
US Government Home Buyer Assistance Programs
Visit: MattapanHomes.com
