Boston Condos for Sale and Rent


Can I buy a Boston condo with no money down?

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Boston condos for sale

Realistically, most first-time Boston condo buyers can expect to need at least a 3% to 3.5% down payment. That’s the minimum for a conventional or FHA loan, which are the most common mortgage types.

While zero-down payment Boston homes loans exist, they’re intended for select groups like veterans and rural home buyers. The majority of buyers are more likely to qualify for a low-down-payment mortgage rather than a zero-down loan.

The good news is, Massachusetts offers some type of home buyer assistance. These government grant programs may cover your down payment so you don’t have to pay out of pocket.

Keep in mind that as a buyer you have to pay closing costs, too. But there are several ways you can get all or at least part of your fees covered and avoid paying up front. Talk to your loan officer about options to reduce your out-of-pocket fees.

Boston Condo No Money Down

Infographic showing five ways to buy a house with no money down, including government loans, grants, and closing cost assistance programs
Boston condos for sale