See programs you qualify for

By Tyler Thompson · Licensed Real Estate Agent · Updated April 4, 2026

Homebuyer Programs in Chicopee, MA (2026)

Population: 55,415 | Median home price: $292,000 | Est. closing costs: $6,000 - $9,000

Chicopee is a Gateway City in western Massachusetts located along the Connecticut River in Hampden County, with a population of approximately 55,400 and a median home price around $292,000. The City of Chicopee offers a First Time Homebuyer Assistance Program providing up to $15,000 in deferred-payment assistance through its Community Development Department. Florence Bank's Welcome Home Program offers Chicopee buyers 100% financing with no PMI and up to $11,000 or more in lender credits. First-generation buyers may qualify for up to $20,000 through the MAHA STASH First-Gen Home Program. As a Gateway City, Chicopee residents also have enhanced access to state programs including MassDREAMS grants of up to $50,000, MassHousing Down Payment Assistance of up to $30,000, and the ONE Mortgage Program with just 3% down and no PMI. By combining local and state assistance, eligible Chicopee buyers could potentially access over $65,000 in combined support.

City Programs in Chicopee

Program Name	Type	Amount	First-Time Only	Details
Chicopee First Time Homebuyer Assistance Program	Deferred Loan	Up to $15,000 (maximum 5% of purchase price)	Yes	View →

Chicopee First Time Homebuyer Assistance Program

Type:: Deferred Loan
Amount:: Up to $15,000 (maximum 5% of purchase price)
First-time only:: Yes

State Programs in Massachusetts

Program Name	Type	Amount	First-Time Only	Details
MassDREAMS Down Payment Assistance Grant	Grant	Up to $50,000 for buyers earning up to 100% AMI; up to $35,000 for buyers earning 100-135% AMI	Yes	View →
MassHousing Down Payment Assistance	Deferred Loan	Up to $30,000 (below 60% AMI at 0% deferred); up to $25,000 (60-80% AMI at 2%); up to $25,000 (80-135% AMI at 3%)	Yes	View →
ONE Mortgage Program	Zero-Interest Loan	30-year fixed-rate mortgage with 3% down payment and no PMI; qualified borrowers below 80% AMI receive an additional subsidy to lower monthly payments	Yes	View →

MassDREAMS Down Payment Assistance Grant

Type:: Grant
Amount:: Up to $50,000 for buyers earning up to 100% AMI; up to $35,000 for buyers earning 100-135% AMI
First-time only:: Yes

MassHousing Down Payment Assistance

Type:: Deferred Loan
Amount:: Up to $30,000 (below 60% AMI at 0% deferred); up to $25,000 (60-80% AMI at 2%); up to $25,000 (80-135% AMI at 3%)
First-time only:: Yes

ONE Mortgage Program

Type:: Zero-Interest Loan
Amount:: 30-year fixed-rate mortgage with 3% down payment and no PMI; qualified borrowers below 80% AMI receive an additional subsidy to lower monthly payments
First-time only:: Yes

Federal Programs

Program Name	Type	Amount	First-Time Only	Details
FHA Loans	Government-Insured Mortgage	Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)	No	View →
Good Neighbor Next Door (HUD)	Government Property Sale Program	50% discount off the list price of HUD-owned homes	Yes	View →
Home Possible Mortgage (Freddie Mac)	Government-Guaranteed Mortgage	Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment	No	View →
HomeReady Mortgage (Fannie Mae)	Government-Guaranteed Mortgage	Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment	No	View →
HUD $100 Down Program	FHA-Financed HUD REO Purchase	Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.	No	View →
USDA Rural Development Loans	Government-Guaranteed Mortgage	100% financing (no down payment required); loan amount up to appraised value	No	View →
VA Loans	Government-Guaranteed Mortgage	No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)	No	View →

FHA Loans

Type:: Government-Insured Mortgage
Amount:: Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
First-time only:: No

Good Neighbor Next Door (HUD)

Type:: Government Property Sale Program
Amount:: 50% discount off the list price of HUD-owned homes
First-time only:: Yes

Home Possible Mortgage (Freddie Mac)

Type:: Government-Guaranteed Mortgage
Amount:: Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:: No

HomeReady Mortgage (Fannie Mae)

Type:: Government-Guaranteed Mortgage
Amount:: Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:: No

HUD $100 Down Program

Type:: FHA-Financed HUD REO Purchase
Amount:: Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
First-time only:: No

USDA Rural Development Loans

Type:: Government-Guaranteed Mortgage
Amount:: 100% financing (no down payment required); loan amount up to appraised value
First-time only:: No

VA Loans

Type:: Government-Guaranteed Mortgage
Amount:: No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
First-time only:: No

Nonprofit Programs

Program Name	Type	Amount	First-Time Only	Details
Florence Bank Welcome Home First-Time Homebuyer Program	Grant	$1,000 lender credit (Welcome Home tier); $11,000 in lender credits (Welcome Home Plus tier); additional $10,000 credit if property is in a Majority Minority Census Tract	Yes	View →
Greater Springfield Habitat for Humanity Homeownership Program	Zero-Interest Loan	Affordable mortgage with low interest rate; homes sold at no profit	No	View →
MAHA STASH First-Gen Home Program	Grant	Up to $10,000 grant in Boston; up to $20,000 in other Massachusetts cities	Yes	View →

Florence Bank Welcome Home First-Time Homebuyer Program

Type:: Grant
Amount:: $1,000 lender credit (Welcome Home tier); $11,000 in lender credits (Welcome Home Plus tier); additional $10,000 credit if property is in a Majority Minority Census Tract
First-time only:: Yes

Greater Springfield Habitat for Humanity Homeownership Program

Type:: Zero-Interest Loan
Amount:: Affordable mortgage with low interest rate; homes sold at no profit
First-time only:: No

MAHA STASH First-Gen Home Program

Type:: Grant
Amount:: Up to $10,000 grant in Boston; up to $20,000 in other Massachusetts cities
First-time only:: Yes

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14 programs available in Chicopee. See which ones you qualify for.

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How to Apply

Step 1: Check your eligibility. The Chicopee First Time Homebuyer Assistance Program requires that you meet HUD low and moderate income limits for the area, have not owned a home in the past three years, and purchase a property in Chicopee.

Step 2: Complete homebuyer education. You must finish a HUD-approved first-time homebuyer course. Local providers include HAPHousing (413-233-1616), Springfield Neighborhood Housing Services (413-739-8070), and Springfield Partners for Community Action.

Step 3: Contact the Chicopee Community Development Department at 413-594-1490 to request an application for the First Time Homebuyer Assistance Program. They administer the city's CDBG and HOME-funded programs.

Step 4: Get pre-approved for a mortgage. Work with a MassHousing-approved lender for state DPA programs, or contact Florence Bank at 413-586-1300 about the Welcome Home Program offering 100% financing with lender credits in Chicopee.

Step 5: Find a home in Chicopee. Look for single-family homes, condominiums, or townhouses within program price limits. The city's assistance covers up to 5% of the purchase price, not to exceed $15,000.

Step 6: Submit your applications. Apply for the Chicopee city program through the Community Development Department. First-generation buyers should also apply to MAHA STASH at mahahome.org for an additional $20,000 grant. Apply for MassDREAMS or MassHousing DPA through your lender.

Step 7: Close on your home. City assistance is provided as a deferred payment loan. State assistance terms vary by program.

Frequently Asked Questions

How much down payment assistance can I get in Chicopee?+

Chicopee buyers can stack multiple programs for significant assistance. The Chicopee First Time Homebuyer Assistance Program provides up to $15,000 as a deferred payment loan. Florence Bank's Welcome Home Program offers $1,000 to $11,000 or more in lender credits with 100% financing. First-generation buyers can add up to $20,000 from MAHA STASH. At the state level, MassDREAMS offers grants up to $50,000, MassHousing provides up to $30,000 in deferred loans, and the ONE Mortgage Program requires only 3% down with no PMI. Eligible buyers could potentially access over $65,000 in combined assistance.

Do I have to be a first-time homebuyer to qualify?+

The Chicopee city program, Florence Bank Welcome Home Program, and MAHA STASH all require first-time homebuyer status, generally defined as not having owned a home in the past three years. MassHousing Down Payment Assistance also requires first-time buyer status. However, the ONE Mortgage Program does not require first-time buyer status in all communities.

What is the maximum home price I can pay in Chicopee?+

The Chicopee First Time Homebuyer Assistance Program limits assistance to 5% of the purchase price, up to $15,000. Specific purchase price limits are set by HUD guidelines and updated periodically. Contact the Chicopee Community Development Department at 413-594-1490 for current limits. MassHousing and ONE Mortgage also have loan limits that vary by property type.

What homebuyer education is required?+

You must complete a HUD-approved first-time homebuyer education course before applying. Local course providers serving Chicopee include HAPHousing at 413-233-1616, Springfield Neighborhood Housing Services at 413-739-8070, and Springfield Partners for Community Action. MAHA STASH applicants must also complete 8 hours of financial literacy education through the STASH cohort program.

What is the Florence Bank Welcome Home Program?+

Florence Bank offers the Welcome Home First-Time Homebuyer Program exclusively for purchases in Chicopee, Holyoke, and Springfield. It provides 100% financing with no PMI. The Welcome Home tier includes a reduced interest rate, a $1,000 lender credit, and a waived $950 processing fee. The Welcome Home Plus tier adds an additional $10,000 lender credit for a total of $11,000 in credits. Properties in a Majority Minority Census Tract receive an extra $10,000 credit. There are no income restrictions. Contact Florence Bank at 413-586-1300.

Is Chicopee a Gateway City and what does that mean for homebuyers?+

Yes, Chicopee is one of Massachusetts' 29 designated Gateway Cities. This means Chicopee residents have enhanced eligibility for state programs. MassHousing Down Payment Assistance income limits are higher for Gateway City buyers, allowing households earning up to 135% of the Area Median Income to qualify. Chicopee is also one of the communities eligible for MassDREAMS grants of up to $50,000 for buyers earning up to 100% AMI.

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Buying a home in Chicopee? 14 programs could help.

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