Welcome! You can buy a home in Massachusetts, and MassHousing can help! We've helped more than 90,000 people buy a home by being a trusted resource for information and recommendations, and a lender with affordable mortgage loans and down payment assistance. So whether you're just getting started or if you've been looking for a while, you've come to the right place.
### Chrystal Kornegay,

### MassHousing's Executive Director, tells her homebuying story



### Chrystal Kornegay,

### MassHousing's Executive Director, tells her homebuying story

# Steps to Home Ownership for First-Time Buyers



Welcome! You can buy a home in Massachusetts, and MassHousing can help! We've helped more than 90,000 people buy a home by being a trusted resource for information and recommendations, and a lender with affordable mortgage loans and down payment assistance. So whether you're just getting started or if you've been looking for a while, you've come to the right place.

Step 1

## Educate yourself & set your homebuying budget

Why take a homebuyer education class? You'll get help figuring out how much house you can afford and learn how credit affects the homebuying process. You'll hear from and connect with a panel of industry experts and learn about programs like MassHousing. The knowledge you gain can potentially save you thousands of dollars, and help you achieve homeownership faster.

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Step 2

## Explore Down Payment Assistance & the benefits of a MassHousing Mortgage

As you continue your journey towards homeownership, you'll learn about different loan programs available to first-time homebuyers. Some programs can save you money both up front and over the long term. Only with MassHousing: Down Payment Assistance up to $30,000 in every community in Massachusetts; mortgage loans with great rates and no surprises; and mortgage insurance that protects you if you lose your job.

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Step 3

## Build the right team

Your homebuying team includes a real estate agent, attorney, home inspector and of course, MassHousing!

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Step 4

## Choose a lender & find the right home

Before you begin looking at homes, connect with a lender and obtain a mortgage pre-approval letter, which allows you to make an offer on a home that can be taken seriously. MassHousing partners with more than 100 lenders across Massachusetts to make our mortgage loans with down payment assistance available to homebuyers like you. You should be comfortable and confident in the lender you choose. Remember, you are in charge of selecting your lender and they are working for you—ask as many questions as you need to feel secure. Ready to get pre-approved or apply? Contact one of our top lending partners and ask for a MassHousing loan!

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Step 5

## Close your loan & make monthly payments

We'll be standing by as you close on your loan, and we'll be here as long as you own your home. Many lenders will sell your loan to another company after you close, and there's no way to know who that is or where they're located. With a MassHousing Mortgage, you'll always make your monthly payments to us. If you have a question or concern, you can always reach out to our customer care team, located right here in Massachusetts.

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###### Homeownership  Down Payment Assistance

### "Wow this is really mine!"

##### Aliesha Porcena is a new homeowner in Boston, thanks to hard work, a thoughtful lender and down payment assistance

###### August 15, 2022

Aliesha understood that buying a home is not a quick process.



###### Homeownership  Down Payment Assistance

### Kay Mazara

##### A disciplined approach leads to homebuying success

###### July 19, 2022

DPA has provided flexibility in renovating and adding other touches to her new home.



###### Homeownership

### The Murrays

##### Home at last...

###### July 23, 2019

Stephen Murray has moved 16 times over the course of his life. But now he has unpacked for the last time.



###### Homeownership  Down Payment Assistance

### Latisha Steele

##### A team effort

###### July 23, 2019

Thanks to her persistence, and help from a small but expert homebuying team and MassHousing, Latisha Steele is happily settled into a brand new home.



###### Homeownership  Down Payment Assistance

### Lisa Jones

##### Across the country and into a home of her own

###### December 10, 2021

With the help of an affordable mortgage loan and down payment assistance from MassHousing, Lisa and her family are settled into their new home in Massachusetts.



###### Homeownership  Down Payment Assistance

### Sonia Manley

##### A homeownership dream becomes reality

###### December 06, 2019

After years of renting, Sonia Manley was ready to buy her first home.

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One Beacon St.

Boston, MA 02108

TEL: 617-854-1000

Relay: 711