Massachusetts Home Buying Guide
Northeast Region · Non-Judicial Foreclosure State
Key Facts at a Glance
What Makes Massachusetts Unique
ONE Mortgage offers no PMI with 3% down for income-eligible buyers
Attorney required at closing
Boston market among top 5 most expensive in US
First-Time Buyer Programs in Massachusetts
MassHousing First-Time Homebuyer Loans
Contact your state housing finance agency for current eligibility and rates
ONE Mortgage Program
Contact your state housing finance agency for current eligibility and rates
Mass Housing Partnership
Contact your state housing finance agency for current eligibility and rates
Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.
Closing Costs in Massachusetts
Attorney at Closing
Attorney Required at Closing
Massachusetts requires a licensed real estate attorney to oversee the closing process. Budget $500–$1,500 for attorney fees.
Local Tips for Massachusetts Buyers
ONE Mortgage eliminates PMI — can save $200–$500/month.
Attorney fee is mandatory — typically $800–$1,500.
Home inspections are critical in MA's older housing stock.
Estimated Annual Ownership Cost in Massachusetts
Based on the median home price of $610,000 with a 10% down payment and 7% mortgage rate.
Ready to Calculate Your Numbers?
Use our free calculators to estimate your monthly payment, affordability, and closing costs in Massachusetts.