Mass Housing Partnership/Mass DREAMS Grant

Bay State Savings Bank is proud to team up with MassHousing Partnership (MHP) to offer the One Mortgage loan program to first-time homebuyers.

The MassDREAMS grant program can be combined with the One Mortgage home loan and offers down payment and closing-cost assistance to low- and moderate-income first-time homebuyers. Find out more information about these programs below.

*MHP is still offering MassDREAMS grants! However, please note that MassHousing Finance Agency (MHFA) is not currently offering MassDREAMS grants with its home loans.

Mass Dreams in Worcester CountyProduct Features

  • Down payment assistance equal to 5% up to $50,000 of the purchase price and applicable closing cost assistance as needed,
  • Households earning less than 100% area median income (AMI) are eligible for a maximum of $50,000,
  • Assistance is structured as a grant.


To qualify for MassDREAMS, buyers must:

  • Be a first-time homebuyer,
  • Currently reside in one of 29 communities* within Massachusetts,
  • Meet the income guidelines for the MHP ONE Mortgage product,
  • Use the property as their primary residence,
  • Complete an approved homebuyer education course,
  • Use an MHP ONE mortgage product.

Eligible Communities

If you currently reside in one of these communities, regardless of where you intend to buy your home, then you may be eligible:

*Attleboro, Barnstable, Boston, Brockton, Chelsea, Chicopee, Everett, Fall River, Fitchburg, Framingham, Haverhill, Holyoke, Lawrence, Leominster, Lowell, Lynn, Malden, Methuen, New Bedford, Peabody, Pittsfield, Quincy, Randolph, Revere, Salem, Springfield, Taunton, Westfield and Worcester

Is the ONE Mortgage Program right for me?

If you are a first-time homebuyer, the ONE Mortgage Program may be for you. ONE Mortgage offers you the comfort of knowing your mortgage is financially sustainable. Here are five reasons why you should choose ONE Mortgage:

  • As little as 3% down,
  • Low, fixed interest rate,
  • No Private Mortgage Insurance (PMI),
  • Financial assistance, for eligible buyers,
  • An investment in your future.

Ready to start the process?

Our team of mortgage professionals are here for you every step of the way. For a rate quote or to learn more about MHFA loans and if they are right for you, contact us today!

Call: (508) 890-9060 | Email:

First-Time Homebuyers: Contact Our Mortgage Professionals!