Two family homes with no money down

If you have ever dreamed of owning your own home, there are few better ways to do so than by purchasing a two-family home, as it allows you to enjoy the benefits of ownership while simultaneously earning income. There are five steps in this process and Melcher Real Estate Group can help you with all of them.

Here is an overview of the process;

  1.  Contact a Melcher Real Estate Group(MREG) Agent.
  2.  Attend a meeting with our lender to become pre-approved for the program with a price range.
  3.  Work with your MREG agent to locate a home that fits you and the program.
  4.  Make an offer with your MREG agent.
  5.  Get the financing and close the deal!

Typically, we find the biggest hurdle stopping people from taking the leap from renting to homeownership is the down payment that banks and mortgage companies need to lend buyers the money to make their dreams come true.  After careful research we have found a program in which you will not need any money for a down payment nor have a perfect credit score!

There are two options available, here are the basics:

FORGIVABLE DOWN PAYMENT – a down payment assistance loan that is forgivable after 3 years of on-time payments.

Or

REPAYABLE DOWN PAYMENT – a loan repaid at 0% interest over a 10-year period or at a competitive market rate over a 30-year period
 

There are no first time home buyers restrictions nor geographic location restrictions. A credit score of 620 is needed and you are off and running to buying your new home!  Call us to set up your meeting today. It is free and there is no obligation.

101-103 Albano Street Boston MA 02131
Open House

MLS Number 72580687

  • Multi-Family 2 Family - 2 Units Up/Down
  • Next Open House: Sun 20th 1:00 pm - 2:30 pm
  • Year Built 1900
  • Bedrooms 3

ATTN INVESTORS, DEVELOPERS & OWNER-OCCUPANTS! Quaint 2-family just 1 block up Birch Street to the heart of red hot Roslindale Village! Great home for someone looking for an investment in an A+ location w/ significant potential to add value. Less than .2 miles from the Village with independent shops, restaurants, farmer's market, & commuter rail to downtown Boston. Hop on the train or bike downtown for the day; either way, leave your cars at home with your large driveway & potential garage. 1st floor features 1 bedroom including additional space with two finished rooms in the dry basement. 2nd floor has 2 good-sized bedrooms and an eat-in-kitchen space. Both units are month to month so there is flexibility if one wants to purchase & occupy or renovate. Unit 2 intending to move out soon. Separate heating systems. Rare opportunity to own a 2-family home in a great community, close to the center of Roslindale at a low price point. A must see! OH Sunday 1-2:30pm.

Listed by The Muncey Group and Ashlee Reed, RE/MAX Destiny

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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18 Riverside Square Boston MA 02136

MLS Number 72581915

  • Multi-Family 2 Family - 2 Units Up/Down
  • Year Built 1880
  • Bedrooms 4

Beautiful two-family home on a quiet dead end street a short distance to the Fairmount Commuter Rail Station in Zone 1A. Unit 1 feels and flows like a classic single family home with 7 total rooms including 3 bedrooms, 2 full baths plus laundry on the first floor. Admire the timeless details in this unit including hardwood floors, crown molding, stained glass and original medallions on the 9 foot high ceilings. Unit 2 is a fully renovated sleek 3 room, 1 bed,1 bath unit with central a/c. The home offers ample off-street parking for 4 cars. The walk-out basement has 7 foot ceiling height and multiple full length windows overlooking the large backyard. This space is perfect for future expansion of unit 1 or may qualify as a burgeoning opportunity under the City of Boston's new Additional Dwelling Unit program. Hyde Park is hot with restaurants and coffee shops within walking distance. The location is close to major routes, biking and hiking trails are nearby.

Listed by Brian Clinton, Donahue Real Estate Co.

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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80 Adams Street Malden MA 02148
Open House

MLS Number 72581942

  • Multi-Family 2 Family - 2 Units Up/Down
  • Next Open House: Sun 20th 11:30 am - 1:00 pm
  • Year Built 1900
  • Bedrooms 4

This STUNNING and MASSIVE two family in Malden's coveted Edgeworth neighborhood offers luxury and convenience all in one located less than 1 mile to the Malden MBTA Station, the developing downtown, less than 2 miles to rte. 93 and less than 5 miles to downtown Boston! The multi-level 2nd floor owner's unit includes three bedrooms, 2 full baths, and a gourmet chef's kitchen complete with upscale finishes including granite counters, custom cabinets, and GE Monogram appliances! Entertain family and friends in the open concept kitchen and living room with wet bar AND front to back fireplaces - perfect for the upcoming holidays! The first-floor unit is ready to rent with 1 bedroom, 2 full baths and a bonus office/den room complete with hardwood floors! Central Air, Updated Electrical Panels, Low maintenance vinyl siding, Separate Utilities, A 2-car garage, Parking for an additional 4 cars and the Gas Heating Systems make this home a Rare find. Come invest in Malden while you still can.

Listed by Katie Billingsley, Century 21 North East

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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54 Central Street Waltham MA 02453

Price$659,000

Est. Mortgage: $/month

Open House

MLS Number 72564275

  • Multi-Family 2 Family - 2 Units Up/Down
  • Next Open House: Sun 20th 12:00 pm - 1:30 pm
  • Year Built 1880
  • Bedrooms 4

New Price! Nice Two Family home with terrific potential for investment or Condo conversion. Located on a large level corner lot in a very convenient up and coming neighborhood. Second floor has been updated including cathedral ceiling kitchen and first floor has nice space and layout but needs updating. Separate utilities with gas heat and hot water plus newer roof. Close to restaurants, shops, bus and commuter rail. Don't miss out on this opportunity! Open House 12-1:30 Sunday 10/20.

Listed by Bruce Kirkcaldy, Coldwell Banker Residential Brokerage - Newton - Centre St.

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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9 Bartlett Street Somerville MA 02145

Price$894,500

Est. Mortgage: $/month

Price Changed

MLS Number 72535416

  • Multi-Family 2 Family
  • Year Built 1900
  • Bedrooms 7

Investors take notice!! Bank owned 2 family. CASH Only. Proof of funds with all offers. No changes to P&S / addendum to be signed within 48hrs of acceptance..Proof of funds or Pre- Approval with all offers.Buyer and/or agent to verify property information. Buyer and/or agent to verify all property information. SALE IS SUBJECT TO IT BEING SOLD WHILE OCCUPIED AND THE BUYER EXECUTING THE SELLER'S "Occupied Property Addendum". Employees or directors of JPMorgan Chase & Co. and its direct and indirect subsidiaries are strictly prohibited from directly or indirectly purchasing any property owned or serviced by or on behalf of JPMorgan Chase & Co. or its direct and indirect subsidiaries.

Listed by Jason Smith and Dennis Oliveira, JDS Realty Group

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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9-11 Oakland Street Watertown MA 02472

Price$785,000

Est. Mortgage: $/month

Open House

MLS Number 72570415

  • Multi-Family 2 Family - 2 Units Up/Down
  • Next Open House: Sat 19th 11:00 am - 1:00 pm
  • Year Built 1920
  • Bedrooms 5

Great opportunity to own this solid two-family convenient to major routes including Route 20, the Pike & close to Waltham! Both units feature large living rooms, dining rooms with built-in china cabinets, spacious kitchens with pantries, hardwood floors, walk-out bay windows, porches & laundry in the units! The property also has vinyl siding & windows, a fenced yard & tandem parking for 3 to 4 cars. The first floor unit has three bedrooms. The second floor has two bedrooms with an office. There is plenty of storage for both units in the basement. Close to restaurants, library, buses to Cambridge and Boston. Three blocks from the beautiful Charles River Greenway/Walkway & four blocks from the neighborhood park with playground, field & dog park ! Unit 9 is available for viewing. Unit 11 must be viewed by appointment. Includes 1-year AHS warranty!

Listed by The Kattman Team, Barbara Kattman and Miah C. Kattman, Berkshire Hathaway HomeServices Commonwealth Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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32 Sumner Quincy MA 02169

Price$875,000

Est. Mortgage: $/month

MLS Number 72581861

  • Multi-Family 2 Family - 2 Units Up/Down
  • Year Built 1920
  • Bedrooms 6

Updated two family house. Each unit is spacious with a living room, open kitchen with gas stove.Three bedrooms and two bathrooms with beautiful hardwood flooring. Additional storage space in basement. Plenty of parking space and a fenced back yard. Unit 1 has lease up to June, 2020. Unit 2 is TAW. Must come see for yourself.

Listed by Amy Leung, V & E Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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391 Poplar Street Boston MA 02131

Price$749,000

Est. Mortgage: $/month

MLS Number 72395858

  • Multi-Family 2 Family
  • Year Built 1920
  • Bedrooms 4

Short sale and subject to 3rd party approvals ..... 2 family in need of work... Do not approach this home without prior authorization from brokerage..

Listed by Francis Santaniello, Weichert REALTORS® Blueprint Brokers

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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45 Assunta Road Revere MA 02151

Price$699,000

Est. Mortgage: $/month

Price Changed

MLS Number 72581577

  • Multi-Family 2 Family
  • Year Built 1964
  • Bedrooms 5

Solid two-family in the Desirable Neighborhood of Revere. This Ranch style home offers, kitchen with granite counters, tile backsplash and new stainless steel appliances, 4 good size bedrooms with hardwood floors and half bath Master Bedroom, 1 new tiled Main Bathroom, Open concept Dining Area & Living room with hardwood floors, and a Fenced in backyard, which includes fenced-in area for the In-Ground pool with 3 year old pump. The second apartment is located on the lower level and it includes 2 bedrooms, a living room, a kitchen, and a full bath. Parquet & Tile floors, and a 1 car garage. Updates include 4-year-old roof, siding, & gutters, electrical front entrance, C/A unit, new garage door & door opener, one heating system for both unit & new oil tank.

Listed by Saul Perlera, Perlera Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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208 Bennington Street Boston MA 02128

MLS Number 72581428

  • Multi-Family 2 Family
  • Year Built 1915
  • Bedrooms 5

***Attention Investors*** Great multi-family home near day square, great cash cow 1st floor can be used as commercial.

Listed by Jose Clavel, Pena Realty Corporation

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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166 Cottage Street Franklin MA 02038

Price$414,900

Est. Mortgage: $/month

MLS Number 72581344

  • Multi-Family 2 Family
  • Year Built 1900
  • Bedrooms 6

Located at the center of it all, this beautiful 2 Family home is situated in the heart of Franklin. This well-maintained home features vinyl siding, an updated kitchen and bathroom, as well as hardwood floors and lots of closet space throughout unit 1. Unit 2 consists of two floors with 4 bedrooms! Both units enjoy onsite washer/dryer utilities in the unfinished basement. Not only is this charming home a close walking distance to down town restaurants, shops and parks, it also provides its own sanctuary right in it's own large backyard. Enjoy living in one unit, while collecting rent on the other! See attached documents for offer instructions.

Listed by Ashley Crosman, Better Living Real Estate, LLC

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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152 Vinal Street Revere MA 02151

Price$719,000

Est. Mortgage: $/month

MLS Number 72581411

  • Multi-Family 2 Family - 2 Units Up/Down
  • Year Built 1920
  • Bedrooms 6

Solid two-family featuring six rooms with three bedrooms in each unit. It offers hardwood floors throughout, updated electric panels, aluminum sidings, vinyl doubled-panes windows and parking up to four cars in tandem plus driveway parkings. Conveniently located off route 16 with easy access to Route 1 to Boston, major highways, shopping, schools and restaurants..

Listed by Woody V. Yen, United Realty Group

$
$
%
$/month over payments
Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Save FavoriteSchedule A VisitAsk A QuestionMore Details

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