State Buyer Guide
Down payment assistance, Massachusetts housing programs, closing cost estimates, and what to know before buying — including from FSBO sellers.
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The MassHousing is your primary source for below-market mortgage rates and down payment assistance in Massachusetts. Programs are available through approved lenders — not directly through the HFA.
Competitive fixed-rate loans with DPA for first-time buyers.
Subsidized mortgage for low- and moderate-income first-time buyers, no PMI.
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See real rates from multiple lenders with one soft credit pull. Credible pays up to $240 per funded loan — which means they have every reason to find you the best rate.
Compare Mortgage Rates →On a $565,000 home: approximately $19,775
Massachusetts charges an excise tax of $4.56 per $1,000 of sale price (0.456%), paid by the seller. Buyers typically pay for title insurance, recording fees, and attorney fees.
Massachusetts is a mandatory attorney-closing state. A licensed Massachusetts attorney must conduct the closing and provide a title opinion. Budget $900–$1,400.
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Find an Inspector →As an attorney-closing state, Massachusetts requires a licensed real estate attorney to conduct your closing. You'll also want one to review your purchase agreement.
Nolo has been the go-to legal resource for DIY buyers since 1971. Their real estate guides explain purchase agreements, contingencies, and closing in language anyone can understand.
Browse Legal Guides →Get a real estate attorney to review your purchase agreement or help you draft an offer letter — often for a fraction of traditional legal fees.
Get Legal Help →Download state-specific purchase agreements, addenda, and disclosure forms — written by attorneys, ready to use in your state.
Browse Real Estate Forms →Massachusetts first-time buyers can access programs through the MassHousing (https://www.masshousing.com/), including the MassHousing Mortgage (Down payment assistance up to $50,000 in some programs) and the ONE Mortgage Program (No PMI even with low down payment, plus subsidized rate). Federal programs like FHA loans (3.5% down) and USDA loans (0% down in eligible areas) are also available.
Closing costs in Massachusetts typically run 3.5% of the purchase price. Transfer tax: 0.456% ($4.56 per $1,000). Massachusetts charges an excise tax of $4.56 per $1,000 of sale price (0.456%), paid by the seller. Buyers typically pay for title insurance, recording fees, and attorney fees.
Massachusetts is a mandatory attorney-closing state. A licensed Massachusetts attorney must conduct the closing and provide a title opinion. Budget $900–$1,400.
The median home price in Massachusetts is approximately $565,000. Property taxes average 1.12% of assessed value annually.
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