Complete List of Available MA & RI First Time Home Buyer Benefits | Shamrock Home Loans
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Complete List of Available MA & RI 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. 

 

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 programsreferral 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. 

Fitchburg  

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  

  • Down payment assistance 

Lynn  

Malden  

Medford  

  • Provides a first time home buyer workshops, as well as help with down payment and closing costs 

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 

  • MAHA home ownership class 

Springfield 

  • Down payment assistance program 

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. 

Woonsocket  

  • Woonsocket First HOME Down Payment Assistance Program (for first time buyers) 

Additional Programs                                                          

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