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Get Matched Free →Homebuyer Programs in Chicopee, MA (2026)
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.
Top Homebuyer 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 → |
| 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 → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | 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 → |
| 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 → |
| 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 → |
- Type:
- Deferred Loan
- Amount:
- Up to $15,000 (maximum 5% of purchase price)
- First-time only:
- Yes
- 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
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- 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
- 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
- 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
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- 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
- 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
- Type:
- Zero-Interest Loan
- Amount:
- Affordable mortgage with low interest rate; homes sold at no profit
- First-time only:
- No
- Type:
- Grant
- Amount:
- Up to $10,000 grant in Boston; up to $20,000 in other Massachusetts cities
- First-time only:
- Yes
- 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
- 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
- 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
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.