The MassDREAMS program has closed. As of Thursday, December 21st, MassDREAMS program funding through MHP is fully committed. MHP is no longer accepting Purchase and Sale Agreements or issuing MassDREAMS Commitment Letters. Unfortunately, if you have not received a MassDREAMS Commitment Letter from MHP, the program will not be able to assist with the purchase of your home.
MassDREAMS (Delivering Real Equity and Mortgage Stability) is a federally funded grant program designed to provide eligible first-time homebuyers who currently reside in a Disproportionately Impacted Community with up to $50,000 in down payment and closing cost assistance for the purchase of a primary residence anywhere in the Commonwealth of Massachusetts.
The MassDREAMS grant must be paired with an MHP ONE Mortgage or MassHousing first mortgage product.
**Note: as of 12/21/23, the MassDREAMS program funding is fully committed. Unfortunately, if you have not received a MassDREAMS Commitment Letter from MHP, the program will not be able to assist with the purchase of your home.**
To be eligible for MassDREAMS grant with a ONE Mortgage you must:
Buying a two- or three-family property? You must complete a pre-purchase multi-family/landlord course or meet with an approved agency for a one-on-one counseling session.
***Disclaimer: MassDREAMS may be subject to Federal Tax implications. MHP DOES NOT provide tax advice and recommends a consultation with your tax advisor for further information. ***
**Note: as of 12/21/23, the MassDREAMS program funding is fully committed. Unfortunately, if you have not received a MassDREAMS Commitment Letter from MHP, the program will not be able to assist with the purchase of your home.**
If you have questions, call us toll free at 1-800-752-7131 or email us at onemortgage@mhp.net