BOSTON (SHNS) – Gov. Maura Healey announced Tuesday the expansion of an existing homebuyer assistance program that will provide up to $25,000 at 0% interest with deferred payment for first-time homebuyers.
MassHousing CEO Chrystal Kornegay said she thinks the expansion will open up homeownership for about 1,000 more homebuyers, doubling the around 1,000 that already benefit from the program yearly.
According to the administration, first-time homebuyers who earn up to 135% of area median income and “lock in” their MassHousing mortgage between April 27 and July 31 are eligible for up to $25,000 at 0% interest with deferred payment terms to help cover a down payment, closing costs, prepaid mortgage insurance, or reduce their interest rate…