Complete List of Available MA & RI First Time Home Buyer Benefits

Complete List of Available MA & RI First Time Home Buyer Benefits

first time home buyer benefits

Update: As with any program, the powers that be regularly review their first time home buyer benefits to make sure that they meet the needs of their residents. The list below is an updated list of the original list, published in June 2015. Also note that the locations may also have programs for homes occupied by owners, investors, and others that are not listed here.

Introduction

Buying a new home is a giant financial step – but one you do not need to make all by yourself. There are many first time home buyer benefits in Massachusetts and Rhode Island aimed at helping you meet the dream of home ownership. You may be eligible for a first time buyer program, down payment assistance, closing cost assistance, tax credit and/or grant.

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Massachusetts

Statewide and Regional Programs

Programs by City or Town

Arlington

Boston

Cambridge

  • Includes classes and counseling for first-time home and condo buyers, financial and down payment assistance, affordable mortgage products, and more.

Easton

  • Offers home buyer assistance programs, referral lists for various mortgage options, and more.
  • MassHousing: Provides home ownership information, a guide about the home buying process, information on MassHousing loans for those with a moderate income, plus an affordable housing search.

Fall River

  • Home buyer — HOME Program: One to four-family properties, manufactured or mobile homes, condominiums or cooperatives located in Fall River, meeting the FHA Mortgage Limits for the area.

Fitchberg

Framingham

Gloucester

Haverhill

Holyoke

  • Community development: Resources relating to buying a home, home buying education, and down payment assistance.

Lawrence

  • Includes programs for home development funding, down payment assistance, home rehabilitation, and emergency programs for seniors and the disabled.

Lowell

Lynn

Malden

Medford

Melrose

  • Offers grant and loan programs, financial assistance, down payment and closing cost assistance, workshops for any first time buyer, and other home buying opportunities.

New Bedford

Newton

Peabody

  • Massachusetts Housing Partnership (MHP)
  • MASSADVANTAGET
  • Transit Oriented Home Mortgage Loans
  • Municipal Mortgage Program
  • MASSADVANTAGET Purchase and Rehabilitation Program

For details about these programs, visit the City of Peabody web site.

Plymouth

Salem

  • Services include a first time buyer down payment assistance, home rehabilitation, foreclosure help, energy savings, and more.

Somerville

Springfield

Taunton

Weymouth

Worcester

Rhode Island

Statewide and Regional Programs         

Programs by City or Town

Cranston

  • Community Development
  • Housing Rehabilitation Loan Program
  • First Time Home Buyers Program
  • Closing Cost Assistance Program
  • Down Payment Assistance Program

For details about each program, visit the City of Cranston website. For additional information, contact Fran Falcone at 401-461-1000 Extension 7205, or email at ffalcone@cranstonri.org.

Providence

  • For home owners: Offers loan programs for certain home repairs, including and reducing lead hazards.
  • For home buyers: Down payment and closing cost assistance programs.
  • For developers: Financial assistance available to both for-profit and non-profit developers for land acquisition and development of affordable and moderate income housing.
  • Housing Loan Application Process

Woonsocket

Additional Programs                                                        

 

 Shamrock Financial Ultimate E-Book Guide to Home Buying

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