UMassFive and Member Advantage Mortgage (MAM), in partnership with MassHousing, recently hosted an informational event focused on affordable homeownership programs, drawing 25 attendees interested in learning more about down payment assistance and mortgage resources available across Massachusetts.
The event, led by MAM Mortgage Consultant, Gary Talbot, and MassHousing Relationship Manager, Oneida Fuentes, provided an overview of financing options designed to help eligible borrowers overcome one of the most common barriers to homeownership—upfront costs.
“Homeownership continues to be one of the most effective ways for individuals and families to build long-term financial stability,” said Craig Boivin, VP of Marketing at UMassFive . “Events like this allow us to connect people directly with programs and resources that can make a real difference in their ability to buy a home.”
Attendees were also informed of an expanded statewide MassHousing Down Payment Assistance (DPA) program, available now through July 31, 2026. Eligible borrowers may qualify for up to $25,000 in assistance, offered at a 0% interest rate with a deferred payment. Repayment is not required until the home is sold, refinanced, or the mortgage is paid in full. The program is part of MassHousing’s broader effort to expand access to sustainable homeownership for Massachusetts residents.
“Many first-time buyers are surprised to learn that programs like this exist,” Boivin said. “Part of our role is making sure people know what’s available and helping them understand how to take advantage of it when the time is right.”
Learn more about MassHousing here.
