Downpayment assistance in Massachusetts

[Kris Duquette]

Hello

I'm interested in purchasing a small multi (2-4) for my first investment. I plan to occupy for a couple years as I save for the next purchase. 

I was wondering if there are any state or federal Downpayment assistance programs going on now in my area. 

[Aaron Montague]

@Kris Duquette 

Welcome to BP!!

In addition to the suggestions above, check out:

0% Down:
NACA (https://www.naca.com)
VA Loan (http://benefits.va.gov/HOMELOANS/index.asp)
Rural Development Loans (Renovations MAY be included)
(http://www.rurdev.usda.gov/HSF-About_Guaranteed_Loans.html)

3.5% Down
FHA (http://portal.hud.gov/hudportal/HUD/topics/buying_a_home)

3.5% AND Renovations
FHA 203k loan (http://portal.hud.gov/hudportal/HUD/program_offices/housing/sfh/203k)

5% Down
Homepath Owner Occupied (http://www.homepath.com)

Not as cheap, but come with renovation options attached to the loan:
15% Down
Homepath Investment (SFH only)

25% Down
Homepath Investment (2-4 Unit Buildings)

Auxiliary:

http://203kcontractors.com/

You can have 2 VA loans at a time according to another BP member