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.

71 Waite Street Malden MA 02148

Price$610,000

Est. Mortgage: $/month

Open House

MLS Number 72485577

  • Multi-Family 2 Family - 2 Units Up/Down
  • Next Open House: Sat 27th 11:00 am - 1:00 pm
  • Year Built 1920
  • Bedrooms 4

Meticulously maintained & cared for by current owners both inside & out. New gas heating systems for both units, updated electrical & well groomed landscaping for that picture perfect curb appeal! Unit 1 features flexible floor plan with one bedroom, one full bath & additional home office or large walk-in closet! Unit 2 which features two levels of living offering three bedrooms, full bath & an additional office/den. Both units are complete with hardwood floors, high ceilings and sun-filled replacement windows! Situated on large fenced level lot in a fantastic location with easy access to major highways, shopping and much more. Come discover everything Malden has to offer w/ plenty of new modern eateries, coffee shops, walking trails, parks, two "T" stations for easy access to Boston just moments away making this a commuters dream! Great tenants and income potential! Showings begin at open houses Saturday 04/27 from 11AM-1PM & Sunday 04/28 from 2PM-4PM!

Listed by Michael Foulds, RE/MAX Trinity

$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 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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10 Stevens Street Revere MA 02151

Price$649,000

Est. Mortgage: $/month

MLS Number 72485381

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

WEST REVERE 2 FAMILY- Perfect home for the large family looking! FIRST FLOOR Two levels of living on lower unit. 5 beds 2 bath. SECOND FLOOR unit offers 2 bed 1 bath and mortgage payment assistance. DRIVEWAY Parking for 6 cars ! Large yard to host family events/BBQs. Located close to Rt1 Sargent St exit for easy and quick access to Boston. Also on the MBTA 411 Bus route to Orange Line/ Revere Beach. Also on the MBTA 119 Bus Route to Blue Line. MOTIVATED SELLER. JOB RELATED SALE.

Listed by Roy Avellaneda, Weichert, REALTORSŪ - Metropolitan Boston Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 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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107 1/2 Main Street Woburn MA 01801

Price$419,000

Est. Mortgage: $/month

MLS Number 72484684

  • Multi-Family 2 Family - 2 Units Up/Down
  • Year Built 1920
  • Bedrooms 3

Don't miss this RARE opportunity to own a mixed use investment property! Great location on Main St near Winchester line. Close to Horn Pond and downtown restaurants/shops. Both units under market rent. Hair Salon downstairs and 3 bedroom upstairs with hardwood in all bedrooms. Laundry and basement access in common area.

Listed by Anthony Castellano, Lamacchia Realty, Inc.

$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 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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31 Monmouth Boston MA 02128

Price$799,000

Est. Mortgage: $/month

MLS Number 72485728

  • Multi-Family 2 Family - 2 Units Up/Down
  • Year Built 1880
  • Bedrooms 6

Large 2-Family on historic Eagle Hill in East Boston. The property is ready to rent in current condition. Two of the rooms can be used as offices or small bedrooms. Close to blue line Airport T station. Top floor unit has an amazing view of the Boston skyline. Bennington Street is a couple blocks away. Perfect opportunity for rental income or convert to condos. Don't miss out on this investment opportunity!

Listed by Alexander Theocles, Berkshire Hathaway HomeServices Warren Residential

$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 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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169 W 9th Boston MA 02127

Price$729,000

Est. Mortgage: $/month

MLS Number 72457863

  • Multi-Family 2 Family
  • Year Built 1900
  • Bedrooms 4

**INVESTORS TAKE NOTICE** Incredible chance to develop a free-standing property in booming South Boston location. Dedicated parking on site! Potential for configuration as multi-family, or maintain a sprawling single family. Dimensional footprint, strong bones, and high ceilings. Commuter's dream located just steps from Andrew Square T and 1 block away from major development "Washington Village" -- planned infusion of restaurants, retail, and green space. A truly rare opportunity to get in on the ground floor of a market elevator.

Listed by Adam Geragosian and Jeff Sutherland, Compass

$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 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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357-359 Grove Street Boston MA 02132
Open House

MLS Number 72477546

  • Multi-Family 2 Family - 2 Units Up/Down
  • Next Open House: Sat 27th 11:30 am - 1:00 pm
  • Year Built 1890
  • Bedrooms 3

Attention investors and first time buyers! Come see this good looking 2 Family * Each side has Separate Entrance ** Sunny and Solid * Updated with big income potential * lots of charm * 2 car garage! This your chance - Great House Excellent neighborhood * Hard to find nice income property The 1 bed unit is leased through March of 2020 and the 2 bedroom unit is a tenant at will and can be delivered vacant. The exterior is freshly painted and the property is well maintained.

Listed by Donald Hardy and Syhan Loc, Keller Williams Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 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 Orange Street Chelsea MA 02150

Price$489,000

Est. Mortgage: $/month

MLS Number 72381436

  • Multi-Family 2 Family
  • Year Built 1900
  • Bedrooms 5

This two family is priced to sell! Now is your oppurtunity to buy in the up-and-coming Chelsea real estate market. Property is located next to the Silver Line, Commuter Rail, Route 111 bus stop and Tobin Bridge. This property will NOT qualify for FHA. The second floor will be delivered vacant and the first floor tenant is on a TAW. Don't miss out on this opportunity and book your appointment today! City jacket atteched to the listing.

Listed by Madelyn Garcia and Alejandra Brito, Madelyn Garcia Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 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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17 Henry Street Everett MA 02149

Price$624,900

Est. Mortgage: $/month

MLS Number 72485092

  • Multi-Family 2 Family
  • Year Built 1870
  • Bedrooms 4

17 Henry St is a 2-unit home located in one of the most active submarkets of Boston, Ma. This property is a tremendous opportunity for either an investor or an owner-user to occupy one unit and lease the other for additional income. The home has 2 off-street parking as well as a garage. Unit one features hardwood floors, one bedroom, living room and bathroom. Unit two features two levels of living, 3 beds, living room and bathroom. With the ongoing development in Everett including the Encore Casino project, the demand for housing in the area is plentiful.

Listed by Liseth Tabares, Pena Realty Corporation

$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 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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18-20 Milton Street Malden MA 02148
Open House

MLS Number 72485518

  • Multi-Family 2 Family
  • Next Open House: Sat 27th 12:00 pm - 2:00 pm
  • Year Built 1900
  • Bedrooms 5

Well maintained two family with a brand new roof. Owners unit consists of 8 rooms, 3 bedroom, 1 3/4 baths, gleaming hardwood floors eat in kitchen. First floor unit offers 4 rooms, 2 bedroom, with hardwood floors throughout. Convenient location for commuters with access to downtown Boston, Rt. 99 and Rt.1. Located close to public transportation & 3.3 miles from the new Encore Casino. No showing until the open house. Saturday 4/27 from 12:00-2:00 pm and Sunday 4/28 11:00 am to 1:00 pm.

Listed by Steve Jacques, ERA Millennium

$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 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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1227 Sea Street Quincy MA 02169

Price$599,999

Est. Mortgage: $/month

MLS Number 72484900

  • Multi-Family 2 Family
  • Year Built 1910
  • Bedrooms 6

INVESTMENT OPPORTUNITY!!! Looking for your newest investment project? Look no further! This multi-family home in GREAT Quincy location is perfect for you! Less than just 1 mile from Quincy beaches and 20 minutes outside of the city with access to the red line! First floor unit offers living room, kitchen, and 2 full bedrooms with an office/den space that could be used as a 3rd bedroom! Second floor unit offer 3 full sized bedrooms, kitchen, and living room as well! Both units have full baths and plenty of closet and storage space throughout! The possibilities are endless! You don't want to miss out, come see it today!

Listed by Sacha Anastasio, Lamacchia Realty, Inc.

$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 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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589 Willard Street Quincy MA 02169

Price$699,000

Est. Mortgage: $/month

Open House

MLS Number 72482916

  • Multi-Family 2 Family
  • Next Open House: Sun 28th 12:00 pm - 2:00 pm
  • Year Built 1870
  • Bedrooms 5

Open house on Sun 04/28/18 from Noon til 2:00. Great two family. 4/2 6/3. great sized rooms. lots of closets. Certified Deleaded. Conveniently located near Route 3, 93 and 95. 2nd floor has a double sided gas fireplace and nice sized shady deck. Coin op laundry in the basement. Next to the beautiful Blue Hills and the South Shore Plaza. Now priced to sell. Listing agent to accompany all showings.

Listed by Christopher Phelan, Molisse Realty Group

$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 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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62 Town Hill Street Quincy MA 02169

Price$779,900

Est. Mortgage: $/month

MLS Number 72465821

  • Multi-Family 2 Family
  • Year Built 1900
  • Bedrooms 4

This well-maintained Two-family home is located in a convenient W. Quincy neighborhood close to the highway, both Quincy Center and Quincy Adams T stations, bus stops, restaurants, shopping, schools, parks, golf courses and many more area amenities! Each unit offers separate utilities, a large living room, den area with built-in bookshelves, a spacious dining room with built-in cabinets, kitchen (1st floor has a gas stove, 2nd has an electric stove), 2 good sized bedrooms with closets, ample storage and back porches. Newer updates include the refinished hardwood floors, thermal windows, updated electric, separate hot water heaters and the gas furnace. Property boasts a 3 car garage and plenty of off-street parking.

Listed by Gus Confalone, Century 21 Annex Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 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

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.