Chris Graves, Certified Mortgage Advisor

Providing Mortgage Services in MA, NH, ME, RI and FL

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Assistance Programs For MA Buyers

Home buyer assistance programs are readily available, but most home buyers do not know about them. Most are reserved for first time home buyers, there are many that apply to any real estate consumer. If you are planning a property purchase, here are a few useful information on assistance programs for MA buyers.

Program Criteria

Assistance programs for MA buyers are provided on both a national and community level. Approval is unique for each program, so there may be more than one for which you can qualify. Criteria might include monthly income, family size, property type, home location, or property condition. Some take into account special circumstances such as veteran status, disabilities, ethnicity, ownership of the property by certain entities, or affiliation with certain groups.

Methods of Assistance

Given that all assistance programs for MA buyers are unique, they also administer different methods of help for participants. Some programs will issue funds for closing fees and down payments. For some programs, repayment is not required if specific criteria is met. Some include lower rates or less stringent approval procedures. For properties requiring work, rehab mortgages are also an option.

Why These Programs Make a Difference

Many potential buyers qualify for a mortgage based on credit and earnings, but do not have enough funds on-hand for the up-front costs. These people then defer a home purchase in order to save up funds. During that time, mortgage rates and/or property prices may increase, making it even more challenging to buy. Programs that include down payment grants enable potential home buyers to buy now and benefit from todays market and rates.

Finding Assistance Programs For MA Buyers

All assistance programs for MA buyers are meant to allow more people to purchase homes. The real estate market usually drives the economy, so assistance programs will help improve the economy. Surprisingly, it may be challenging to locate some of these programs. To search for programs, go to DownPaymentResource.com. This website requests some basic facts to generate a report of programs that you should look into. You can subsequently call your mortgage consultant for additional information on certain options that you are interested in. Note that not all mortgage companies are approved to use these programs.

Chris Graves's avatar

Chris Graves

I grew up in Massachusetts, spent the majority of my young adult life in Boston, and own a home in Windham NH. I have owned properties in MA and NH. I specialize in mortgage lending in Massachusetts and New Hampshire and my company does have the ability to lend in other states. I graduated from the University of Massachusetts in Amherst Massachusetts in 2002. I have a Bachelor’s in Science. In addition to managing a team of loan officers my personal loan production is always in the top of the entire of company. I have personally been in the mortgage business for over 13 years. I pride myself with taking my clients from application to close in the smoothest and quickest way possible, while keeping them well informed during the entire process. I originate my own loans from start to finish and work hand in hand with my loan processors & underwriters to make sure I am updated to the minute with all of my files. I stay up to date with lending guidelines and speak with underwriters on a daily basis to ensure I am aware of all of the lending guidelines in place.