The Down Payment Resource Tool will let you know if you and/or the home you are interested in qualify for one of the hundreds of homeownership programs available in our state. If you have questions you can request within the Resource tool to have one of the Homeownership Assistance Specialists contact you to discuss programs or properties that may be of interest to you.
We've found that most buyers aren't aware of the different programs that are available in Massachusetts for homeownership programs because the programs are administered by such a wide variety of local governments and private entities. There's no cohesive website or place to view every possible assistance program, so we use the Down Payment Resource SM Tool as a way to "match" you and the property you're interested in with nearly every program that's out there.
Eligibility, though, for all programs is based on two primary factors: the home itself, such as where it’s located, its sales price, and things of that nature and then secondly, you! Things such as your occupation, homeownership history, and household income combined with the home's eligibility standards together show us which programs you may be eligible for.
The great thing about this tool is that it's a fantastic informational resource. The information you enter here doesn't "apply" or pre-qualify you for any programs, loans, pull your credit, or anything remotely like that. It's just using basic information about the home and you to create a list of programs you could qualify for, so first, that you're aware they exist, and second can discuss with your lender or agent about the benefit of applying for them, if and when you decide to purchase.
It's a really easy tool to use.