Massachusetts Mortgage Guide
Complete Massachusetts mortgage guide with median home prices, property tax rates, denial rates, and down payment assistance programs for 2026.
In Massachusetts, the median home price is $654,682 and median household income is $99,858. The mortgage denial rate for home purchases is 7.08% according to 2025 HMDA data. 3 down payment assistance programs are available, including MassHousing WFA 4.0 DPA Deferred ($30,000 fixed DPA at 0% interest deferred for 30 years; available statewide to first-time homebuyers up to 135% AMI.).
Massachusetts at a Glance
Median prices based on 2025 FHFA data. Income from 2024 Census ACS. Denial rates from 2025 HMDA data.
Mortgage Calculator for Massachusetts
Estimate your monthly payment with the interactive Massachusetts mortgage calculator. Includes property taxes, mortgage insurance, and down payment assistance programs.
Open Calculator →Mortgage Denial Rates in Massachusetts
In 2025 Home Mortgage Disclosure Act (HMDA) data for home purchases, Massachusetts logged 84,908 final-action applications. The mortgage denial rate was 7.08% and the originated share was 73.96%.
These figures show aggregated market outcomes, not an individual buyer's approval odds. Use these figures as context, not a prediction.
Down Payment Assistance Programs in Massachusetts
MassHousing WFA 4.0 DPA Deferred
MassHousing
$30,000 fixed DPA at 0% interest deferred for 30 years; available statewide to first-time homebuyers up to 135% AMI.
MassHousing DPA 2% Amortized
MassHousing
$25,000 fixed DPA at 2% interest, amortized over 15 years; available statewide to first-time buyers up to 80% AMI.
MassHousing DPA 3% Amortized
MassHousing
$25,000 fixed DPA at 3% interest, amortized over 15 years; available statewide to first-time buyers earning 80-135% AMI.
Massachusetts County Calculators
These calculators use local tax and benefit data for each county.
Denial: 7.52% · Tax: 1.12% · 1 DPA programs
Denial: 5.88% · Tax: 1.05% · 1 DPA programs
Denial: 6.10% · Tax: 1.08% · 1 DPA programs
Denial: 8.80% · Tax: 0.65% · 1 DPA programs
Denial: 6.84% · Tax: 1.45% · 1 DPA programs
Massachusetts City Calculators
These calculators include local taxes, closing costs, and assistance programs for each city.
Massachusetts Mortgage FAQ
What is the median home price in Massachusetts?
The median home price in Massachusetts is approximately $655,000 as of 2025, based on FHFA housing price index data.
Does Massachusetts have down payment assistance programs?
Yes. MassHousing offers $30,000 deferred DPA at 0% (30-year deferral), $25,000 at 2% amortized over 15 years, and $25,000 at 3% amortized over 15 years for first-time buyers.
What is the mortgage denial rate in Massachusetts?
The statewide mortgage denial rate for home purchases in Massachusetts is 7.08% based on 2025 HMDA data, below the national average.
How do Massachusetts property taxes compare to other states?
Massachusetts property taxes are moderate, averaging around 1.12%, close to the national average. The state offers residential exemptions in certain communities.