Depending on your specific situation, I would recommend looking into Mass Housing loans. FHA requires 3.5% down, whereas MA Housing is only 3%, and the requirements, especially concerning condo purchases, has made FHA a less desirable loan option. It can take longer to close than a Mass housing, and most importantly, FHA requires PMI (private mortgage insurance), where MA Housing has a no PMI program. The interest rate is a bit higher but not so much that your payment is seriously affected. Closing costs are less because you don't have the upfront PMI payments included. You can also go with a regular conventional loan with 5% down, but you will have PMI on top of your payments.