First Generation Program

First Generation Program est une subvention pour les futurs propriétaires de Statewide, Massachusetts. MAHA-STASH First-Gen Home grant program for first-generation, first-time MA homebuyers. $10,000 Boston / up to $20,000 elsewhere in MA. True grant (no lien, no repayment). Pairs with matched-savings curriculum and HUD-certified homebuyer education. 640 FICO. Min $45,000 income / max 100% AMI. Statewide. MAHA's First Generation Program (branded MAHA-STASH First-Gen Home) provides a true grant for first-generation, first-time homebuyers in Massachusetts. Grant amount is $10,000 for purchases in the City of Boston and up to $20,000 for purchases elsewhere in Massachusetts. The grant is non-repayable and combines a matched savings program (borrower saves. MAHA matches) with comprehensive homebuyer education and HUD-certified housing counseling. Must be used toward down payment and/or closing costs at purchase. Stacks with MassHousing DPA, ONE Mortgage, ONE+Boston, City/Town local DPA, and any first-mortgage product. Income up to 100% AMI (varies by county/household size. published ceiling approximately $218,350 for largest household in highest-cost MA MSA). Minimum income $45,000/year (to demonstrate savings capacity). 640 minimum FICO. Statewide eligibility. Le financement provient de Nonprofit et State.

First Generation Program prend la forme d’une subvention : elle n’est donc pas remboursée. Le remboursement est déclenché par True grant - no repayment, no lien, no recapture. Awarded at closing as a credit toward down payment / closing costs after borrower completes STASH matched-savings curriculum and HUD homebuyer education. L’aide est inscrite au rang suivant : None. Les conditions d’annulation et de remboursement sont fixées par le programme et peuvent changer — vérifiez-les sur la page officielle du programme avant de déposer une demande.

First Generation Program est ouvert à les primo-accédants et les futurs propriétaires qui occuperont le logement comme résidence principale. « Primo-accédant » comporte ici des exceptions : Per first-mortgage product (FTHB waivers apply at first-mortgage level). MAHA's first-generation requirement does NOT have a waiver - the parent/spouse-parent never-owned criterion is absolute (except for foreclosure-loss exception, which counts as first-gen-eligible). Au sujet du crédit, le programme précise : 640 minimum FICO. MAHA defers to first-mortgage lender overlays - no MAHA-specific credit overlay. Un cours pour futurs propriétaires est obligatoire, auprès de MAHA's HUD-certified Homeownership Advising program (8-hour pre-purchase + post-purchase classes); STASH First-Gen Home program graduates complete additional financial-literacy curriculum prior to grant disbursement. Condition de résidence : Property must be in Massachusetts; primary residence. Statewide. No prior MA residency requirement; MAHA has historically focused on Greater Boston / Eastern MA but expanded statewide via 2024-2026 funding partnerships. Citoyenneté ou statut d’immigration : Per first-mortgage product overlays. MAHA does not impose a separate citizenship overlay. FIRST-GENERATION HOMEBUYER REQUIRED: Borrower (and borrower's spouse, if applicable) AND borrower's parents (and spouse's parents) must NEVER have owned a home in the United States, OR must have lost a home in the U.S. due to foreclosure. This is the defining MAHA first-gen criterion - it is stricter than a standard first-time homebuyer (FTHB) test and is documented via a MAHA self-certification + parent disclosure. Also required: first-time homebuyer (no ownership of primary residence in past 3 years), owner-occupied MA primary residence, household income at or below 100% AMI for the county of purchase, minimum household income of $45,000/year (savings-capacity floor), 640 minimum FICO, completion of MAHA's STASH First-Gen Home matched-savings + financial-literacy curriculum (typically 6-12 months of program participation prior to closing), and completion of MAHA's HUD-certified pre-purchase homebuyer education course.

First Generation Program plafonne le revenu du ménage à 100 % du revenu médian de la zone, qui varie selon le comté et la taille du ménage. Household income at or below 100% AMI for the county of purchase (HUD AMI tables). Published ceiling approximately $218,350 for 4+ person household in highest-cost MA MSA. Minimum household income of $45,000/year required (demonstrates capacity to save and complete the STASH matched-savings program). Income includes all household members 18+. Le plafond s’applique au revenu total du ménage, pas seulement à celui de l’emprunteur. Les chiffres du revenu médian de la zone sont publiés par HUD et mis à jour chaque année : consultez le tableau en vigueur pour le comté avant de vous fier à un chiffre.

First Generation Program plafonne le prix d’achat ainsi : MAHA imposes no separate purchase-price cap; first-mortgage product limits apply (e.g., MassHousing $838,717 1-unit; ONE+Boston $585,000 1-unit Boston). Les types de logements admissibles comprennent Single-family detached, 2-4 unit owner-occupied, condo, townhouse, PUD. Per first-mortgage product overlays. Les constructions neuves sont admissibles. Les maisons préfabriquées ne sont pas admissibles.

First Generation Program cite les futurs propriétaires de première génération parmi les groupes qu’il sert. Être cité ici signifie que le programme mentionne ce groupe, et non que l’appartenance à ce groupe suffit à rendre un demandeur admissible — les autres règles d’admissibilité s’appliquent toujours.

First Generation Program s’adresse aux futurs propriétaires qui achètent à Statewide, Massachusetts. Le programme cible des zones précises : Boston-specific grant amount ($10,000) vs. balance-of-state ($20,000). MAHA partnerships have historically prioritized Boston, Brockton, Lawrence, Lowell, Lynn, New Bedford, Springfield, and Worcester (Gateway Cities) for outreach and recruitment, though program is open statewide.

Les demandes pour First Generation Program passent par l’organisme gestionnaire, qui publie les conditions en vigueur et les étapes de la demande sur son propre site. Les fonds sont réservés par l’intermédiaire de Reserved through MAHA STASH program enrollment (typically 6-12 month program). Funds awarded at closing per STASH graduation. Apply via mahahome.org/STASH or stash@mahahome.org. Hey Prescott n’est pas un prêteur et n’accepte pas de demandes ; cette page décrit le programme pour qu’un futur propriétaire puisse en parler à un prêteur ou à un conseiller en logement.