State housing programs can open doors for first-time and repeat buyers, yet myths often keep people on the sidelines. Let’s separate facts from fiction so you can move forward with confidence.

Both MassHousing in Massachusetts and New Hampshire Housing in New Hampshire offer affordable mortgage solutions, down payment assistance options, and guidance that can make homeownership more accessible. Below, we address the most common misconceptions we hear from buyers in MA and NH.

Myth 1: These programs are only for very low income buyers

Fact: Many moderate-income households qualify too. Income limits are adjusted by county and household size, making these programs accessible to a wide range of families.

Couple reviewing mortgage income guidelines for eligibility

Myth 2: State programs make the process slower and more complicated

Fact: With an experienced loan officer, timelines remain competitive. Documentation standards are clear and often similar to FHA or Conventional loans.

Myth 3: You cannot combine these programs with FHA or Conventional loans

Fact: In many scenarios, you can pair FHA or Conventional financing with down payment assistance or program features offered by MassHousing or New Hampshire Housing.

Loan officer showing combination of FHA loan and state housing assistance

Myth 4: These programs are only for first-time buyers

Fact: Repeat buyers may also qualify if they meet income, property, and occupancy requirements. First-time is often defined as not owning in the past three years.

Myth 5: Mortgage insurance rules are always worse with state programs

Fact: Some state-backed loans offer enhanced protections or unique benefits compared to traditional PMI (Private Mortgage Insurance). For example, MassHousing has featured job-loss payment protection in the past.

Homebuyer reviewing mortgage insurance options with advisor

How AnnieMac Home Lending Group helps

We work with both MassHousing and New Hampshire Housing, helping you compare them alongside FHA, Conventional, and specialty programs. Our team ensures you understand eligibility, benefits, and the best path forward.

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Ready to see if you qualify for MassHousing or New Hampshire Housing programs?

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Programs like MassHousing and New Hampshire Housing provide trusted state-backed solutions that can make buying your first home more accessible. These organizations offer resources, down payment assistance, and educational tools that complement the mortgage programs available through AnnieMac Home Lending Group.