Massachusetts home buyer stats
| Average Home Sale Price in MA1 | $552,950 |
| Minimum Down Payment in MA (3%) | $16,600 |
| 20% Down Payment in MA | $110,600 |
| Average Credit Score in MA2 | 732 |
| Maximum MA Home Buyer Grant3 | 5% of home price, or up to $25,000 (MassHousing) |
Down payment amounts are based on the state’s most recently available average home sale price. “Minimum” down payment assumes 3% down on a conventional mortgage with a minimum credit score of 620.
If you’re eligible for a VA loan (backed by the Department of Veterans Affairs) or a USDA loan (backed by the U.S. Department of Agriculture), you may not need any down payment at all.Verify your home buying eligibility in Massachusetts. Start here (Jan 22nd, 2023)