See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 5, 2026
Homebuyer Programs in Milford, MA (2026)
Milford is a town of about 28,600 residents in Worcester County, Massachusetts, located roughly 35 miles southwest of Boston in the southern MetroWest region. With a median home price around $520,000, homeownership is a significant financial commitment, but several state-level programs can help. While Milford does not currently offer town-funded down payment assistance, buyers here benefit from strong Massachusetts programs. MassHousing provides up to $30,000 in down payment assistance, and the ONE Mortgage Program offers affordable 30-year fixed-rate mortgages with just 3% down and no PMI. The MAHA STASH program provides up to $20,000 in grants for first-generation homebuyers. By combining state and federal programs, Milford buyers could receive substantial assistance toward their home purchase.
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 → |
- 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
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 → |
- 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:
- 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
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| MAHA STASH First-Gen Home Program | Grant | Up to $10,000 grant in Boston; up to $20,000 in other Massachusetts cities | Yes | View → |
- Type:
- Grant
- Amount:
- Up to $10,000 grant in Boston; up to $20,000 in other Massachusetts cities
- First-time only:
- Yes
How to Apply
Step 1: Check your eligibility. Most programs require household income at or below 80-135% of the area median income for Worcester County. MassHousing's income limit for Worcester County is approximately $165,645. Review the requirements for MassHousing DPA and the ONE Mortgage to see which programs fit your situation.
Step 2: Complete homebuyer education. Massachusetts requires a HUD-approved homebuyer education course for most assistance programs. RCAP Solutions serves as the regional Housing Consumer Education Center for Worcester County and offers workshops and one-on-one counseling. They can be reached during business hours at their Worcester office.
Step 3: Contact a housing counselor. RCAP Solutions provides free pre-purchase counseling to help you navigate available programs, build a budget, and prepare for homeownership. Their HCEC office is available Monday through Friday from 8:30 AM to 4:30 PM.
Step 4: Get pre-approved for a mortgage. Work with a MassHousing-approved lender or a ONE Mortgage participating lender to get pre-approved. Ask specifically about layering DPA programs to maximize your assistance. You can call MassHousing at 888-843-6432 for guidance.
Step 5: Find a home in Milford within program limits. Search for homes that fall within the purchase price limits set by your chosen programs.
Step 6: Submit your assistance applications. Once you have a signed purchase and sales agreement, submit your DPA applications through your lender. Processing typically takes 2-4 weeks, so plan your closing timeline accordingly.
Frequently Asked Questions
How much down payment assistance can I get in Milford?+−
Do I have to be a first-time homebuyer to qualify?+−
Does Milford have its own town-funded down payment assistance?+−
Am I eligible for the MassDREAMS grant in Milford?+−
What homebuyer education is required?+−
What is the maximum home price I can pay using these programs?+−
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