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If you’re thinking about buying your first home, you probably have a lot of questions – we’re here to help. 

So you want to buy a house but you don’t have a ton of money saved up.

There are a ton of programs out there, both locally and nationally, to help first-time home buyers get a foothold in the housing market. Massachusetts, in particular, has one of the best first-time home buyer programs in the nation.

Benefits of a first-time home buyer program

Low down payments: In general, the biggest advantage of these programs is that they allow first-timers to buy a house with a lower down payment — such as 3%, or even as low as 0% of the home’s purchase price.

Flexibility: Other benefits include slightly looser or more flexible lending criteria — meaning you could qualify for a mortgage with a lower credit score or higher debt levels than traditional lenders might accept.