How Much Do First Time Home Buyers Have to Put Down in Massachusetts?

How Much Do First Time Home Buyers Have to Put Down in Massachusetts?
★ Key Takeaways

Home Buyers Must Put Down a Minimum of 3 Percent of the Purchase Price When Purchasing a Single-Family Property, Condominium or Two-Family House. for Example, a Homebuyer Would Need a $9,000 Down Payment for the Purchase of a $300,000 Home. the Borrower Must Occupy the Property.

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Direct Answer • Key Takeaway

Home Buyers Must Put Down a Minimum of 3 Percent of the Purchase Price When Purchasing a Single-Family Property, Condominium or Two-Family House. for Example, a Homebuyer Would Need a $9,000 Down Payment for the Purchase of a $300,000 Home. the Borrower Must Occupy the Property.

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James H. Sterling
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James H. Sterling

James Sterling reports on renewable energy developments, climate policy, ecological conservation, and green tech innovations around the globe.