How Much Do You Need for a Down Payment?

How Much Do You Really Need for a Down Payment in Massachusetts?

One of the biggest myths in real estate is that you need 20% down.
You don’t.

Common Down Payment Options in MA

• 3% down – Conventional first-time buyer programs

• 3.5% down – FHA loans

• 5–10% down – Move-up buyers

• 20% down – Eliminates PMI

• 0% down – VA or USDA

Massachusetts Down Payment Assistance

MA offers several programs that can help cover:

• Down payment

• Closing costs

• Interest-rate reductions

What’s Best for You?

Your perfect down payment depends on your budget, loan type, and long-term plans.