First Generation Program

Ang First Generation Program ay isang grant para sa mga bibili ng bahay sa 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. Ang pondo ay mula sa Nonprofit at State.

Ang First Generation Program ay isang grant, kaya hindi ito binabayaran. Kailangang bayaran kapag may 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. Nakatala ang tulong bilang lien sa posisyong None. Ang mga tuntunin sa pagpapatawad at pagbabayad ay itinatakda ng programa at maaaring magbago — kumpirmahin ang mga ito sa opisyal na pahina ng programa bago mag-apply.

Bukas ang First Generation Program sa mga unang beses na bibili ng bahay at mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. May mga eksepsiyon dito ang "unang beses": 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). Tungkol sa credit, sinasabi ng programa: 640 minimum FICO. MAHA defers to first-mortgage lender overlays - no MAHA-specific credit overlay. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng 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. Requirement sa paninirahan: 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. Citizenship o katayuan sa imigrasyon: 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.

Nililimitahan ng First Generation Program ang kita ng sambahayan sa 100% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. 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+. Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Ang mga numero ng median na kita sa lugar ay inilalathala ng HUD at ina-update taun-taon, kaya tingnan ang kasalukuyang talahanayan para sa county bago umasa sa isang numero.

Ganito nililimitahan ng First Generation Program ang presyo ng pagbili: 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). Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, 2-4 unit owner-occupied, condo, townhouse, PUD. Per first-mortgage product overlays. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Binabanggit ng First Generation Program ang mga unang henerasyong bibili ng bahay sa mga grupong pinaglilingkuran nito. Ang pagkakabanggit dito ay nangangahulugang binabanggit ng programa ang grupo, hindi na sapat na ang pagiging miyembro para maging kwalipikado ang isang aplikante — nalalapat pa rin ang iba pang patakaran sa eligibility.

Pinaglilingkuran ng First Generation Program ang mga bibili ng bahay sa Statewide, Massachusetts. Tinutukoy ng programa ang mga partikular na lugar: 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.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa First Generation Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng 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. Ang Hey Prescott ay hindi nagpapautang at hindi tumatanggap ng aplikasyon; inilalarawan ng pahinang ito ang programa para madala ito ng bibili ng bahay sa isang lender o housing counselor.