Conventional Mortgage Fannie Mae & Freddie Mac

1, 2, 3, and 4 unit properties and condo

3% down payment (dp)

3% seller concession DP <10%

3% seller concession DP >10%

9% seller concession DP 25% or greater

Investment property purchase is 2% seller concession



1, 2, 3, and 4 unit properties and condo

Up to 100% Financing (SFR Only)

3% Seller concession DP <10%

6% Seller concession DP >10%

Income limits, other restrictions apply


MassHousing Down Payment Assistance Program - for qualified first-time home buyers

DPA loan up to 3% of the purchase price, up to $12,000

1% interest rate on the down payment assistance loan for 15 years

Can be used to purchase a single-family home, condo, or unit in a planned unit development (PUD)

DPA second mortgage is due upon sale or refinance. Subordinations are not allowed.

MassHousing is making down payment assistance loans available to first-time homebuyers with annual household incomes at or below the area median income, using MassHousing financing to purchase a single-family home or condo unit. The area median income varies by country. Eligible households will earn $103,400 or less in eastern Massachusetts, $85,700 in Worcester County, and $67,200 in Berkshire County.

Homebuyers accessing down payment assistance must still meet MassHousing’s underwriting criteria, including minimum credit score and debt-to-income qualifications, and attend a homeownership education class.

 *The information provided is subject to change at anytime. For more information on this program please consult one of our mortgage partners or go to


USDA United States Department of Agriculture

Single family only up to 100% financing

Up to 6% Seller concession

Cannot own any other properties

Income and Geographic limits apply



1, 2, 3, and 4 unit properties

Condo must be FHA approved

3.5% down payment

Up to 6% seller concession

VA U.S. Department of Veterans Affairs

1, 2, 3, and 4 unit properties and condo

Closing cost may be paid by the seller

Up to 4% seller concession

No private mortgage insurance

Co-borrower must be spouse.