Home Loans in Massachusetts
The Bay State offers historic charm and world-class opportunities. NorthStar Funding serves MA buyers statewide. All credit scores welcome — even no score.
Massachusetts Housing Market
About the Massachusetts Real Estate Market
Massachusetts offers world-class education, healthcare, and biotech industries driving strong housing demand. Greater Boston commands premium prices, while Worcester and Springfield offer more affordable options. The state's historic homes and vibrant communities attract buyers nationwide.
Loan Programs Available in Massachusetts
We offer a variety of mortgage options to fit your unique situation. All programs welcome borrowers with less-than-perfect credit.
MassHousing Programs
Massachusetts Housing programs with down payment assistance and competitive rates.
FHA Loans
Government-backed loans popular in MA with flexible credit requirements.
VA Loans
Zero down payment for Massachusetts veterans.
Non-QM / Bank Statement
Perfect for MA entrepreneurs, biotech professionals, and academics.
Check Your Eligibility
See if you qualify for special loan programs with lower down payments and flexible income requirements.
Income Eligibility Checker
HomeReady® & Home Possible® - 3% Down Payment Programs
HomeReady®by Fannie MaeIncome must be ≤80% of Area Median Income (AMI). No geographic restrictions.
Home Possible®by Freddie MacIncome must be ≤80% AMI. Some census tracts have no income limit.
Quick Comparison:
| Feature | HomeReady® | Home Possible® |
|---|---|---|
| Min. Down Payment | 3% | 3% |
| Min. Credit Score | 620 | 620 |
| Income Limit | ≤80% AMI | ≤80% AMI* |
| Homebuyer Education | Required | Required |
*No income limit in designated underserved areas
Why Choose NorthStar Funding in Massachusetts?
Cities We Serve in Massachusetts
What Massachusetts Homeowners Say
"NorthStar helped us buy in Somerville near the Red Line. They understood Boston's competitive market."
The Murphy Family
"Found our dream home in Newton with NorthStar. Great schools and community!"
Dr. James & Lisa P.
"MassHousing assistance made homeownership possible in Worcester. NorthStar guided us through everything."
The Garcia Family
Frequently Asked Questions
What credit score do I need to buy a home in Massachusetts?
NorthStar Funding welcomes all credit scores in Massachusetts, starting as low as 500 with FHA loans (10% down). For scores 580+, you may qualify for just 3.5% down.
What are the best mortgage programs available in Massachusetts?
In Massachusetts, we offer FHA loans, VA loans, conventional loans, jumbo loans for high-cost areas, and bank statement loans. MassHousing programs provide down payment assistance and affordable rates.
How much is the average home price in Massachusetts?
The median home price in Massachusetts is approximately $575K. Greater Boston and Cambridge are significantly higher, while Western Massachusetts and Worcester offer more affordable options.
Are there first-time homebuyer programs in Massachusetts?
Yes! MassHousing offers programs with down payment assistance up to 5% and competitive rates. The ONE Mortgage Program provides below-market rates with no PMI for qualified buyers.
What are property taxes like in Massachusetts?
Massachusetts property taxes average approximately 1.2% of assessed value. Rates vary significantly by municipality — some towns have much higher rates than others.
Do I need a jumbo loan in Massachusetts?
Many Massachusetts counties have higher conforming loan limits. In high-cost areas like Suffolk and Middlesex counties, limits are above the national baseline. For amounts above these limits, NorthStar offers jumbo options.
How long does it take to close on a home in Massachusetts?
The typical closing timeline in Massachusetts is 30-45 days. Massachusetts uses attorneys for closings. The Boston market is very competitive, so pre-qualification is essential.
Does NorthStar Funding offer manual underwriting in Massachusetts?
Yes! We specialize in manual underwriting for Massachusetts borrowers. This is valuable for tech workers, academics, and entrepreneurs in the Boston/Cambridge area.
What documents do I need to apply for a mortgage in Massachusetts?
Typical documents include 2 years of tax returns, recent pay stubs, bank statements, W-2s or 1099s, and ID. Self-employed borrowers can use bank statement programs.
Can self-employed borrowers get a mortgage in Massachusetts?
Absolutely! Our bank statement programs are popular with Massachusetts entrepreneurs, especially in the Boston tech and biotech sectors.
NorthStar Funding Licensing Information
NMLS #: 123456
Licensed in: Multi-State
Years in Business: 15+
Total Loans Originated: $2B+
Ready to Get Started?
See your options in minutes with no impact to your credit score. Our team is ready to help you find the right loan for your Massachusetts home.