Attention to those living in the neighboring states of Massachusetts and Connecticut: you could save a lot of money buying a house in these states! Each state offers programs for first-time homebuyers, including affordable housing, down payment, and closing cost assistance. Let's check it out.
Massachusetts
If you live in Massachusetts, you can find an affordable home to buy by taking advantage of CHAPA Homeownership Lottery Listings. Visit their website and click on an area of Massachusetts where you want to buy a home. The search results include the date of availability, contact information, size of the house, and accessibility status (ex. stairs, elevator). Check out the affordable homeownership opportunities today!
Also available in Massachusetts, the MassAccess Housing Registry is geared toward helping people with disabilities find affordable housing. Fill out the form on their website and see what's available based on your criteria.
The Massachusetts Affordable Housing Alliance (MAHA) is an excellent option for low- to moderate-income homebuyers looking for affordable housing. Hope on their website to search for affordable houses in your area and learn more about the home buying process.
If you need down payment assistance or a home loan, visit MassHousing. As a first-time home buyer, you can take advantage of up to $50,000 in down payment assistance if you buy a home in Boston or up to $30,000 in assistance in other Massachusetts communities.
Connecticut
If you live in Connecticut, you may be able to take advantage of the Time To Own loan program. The Connecticut Housing Finance Authority (CHFA) offers this program and provides down payment and closing costs assistance. The Time To Own loan is available to eligible applicants who receive a CHFA first mortgage.
- 0% interest rate
- 10% of the loan's principal balance is forgiven each year
- Receive up to 20% of the down payment and up to 5% in closing costs
If you want to buy an affordable home in Massachusetts or Connecticut and need help with the down payment or closing costs, we hope you take a serious look at the programs in this article. If you need help from a local real estate agent, don't hesitate to contact us at info@reazo.com.
Want to learn more about home buying? Check out Reazo's extensive home buyers guide and bookmark it for future reference (believe me, you'll want to do this!):
