Affordable Homes for Sale in MA

Have you ever wondered who is eligible to apply for affordable home programs in Massachusetts such as 40B housing?

Anyone can apply who is a first-time homebuyer. A  “first-time homebuyer” is someone who has not owned a home or an interest in a home individually or with another person within the last three years.

You may also qualify if you’re a displaced homemaker. Displaced homemakers are individual who provided unpaid services to their family as a stay-at-home mom or dad.

A displaced homemaker is also someone who is no longer supported by a spouse or, who is either unemployed or underemployed. A member of a household over the age of 55 do not have to be first-time homebuyers.

To be eligible, they have to sell their current property. So, if you’re now divorced but owned a home within the last three years, you may qualify as a first time homebuyer.

Also, in order to be eligible to purchase an affordable home under, for example, a Chapter 40B program, your annual income, and assets of all the members of your household have to be below the maximum level, adjusted for family size.

Due to the demand for 40B housing, typically, the number of affordable applicants exceeds the number of affordable homes. For more specific information, contact us at Delphic Associates today and let’s talk about it!

You can learn more about who qualifies for affordable homes fors sale in MA here.