Fall River / New Bedford Housing Partnership | Home Buyers Assistance | Mortgage Counseling Massachusetts

Fall River/New Bedford Housing Partnership provides home buyer mortgage assistance, first time buyer education, homes for sale.

Mortgage Programs available at Southern Mass Credit Union

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Fixed Rate Mortgage: SMCU’s Fixed Rate Mortgage Loan features an interest rate that remains unchanged for the term of the loan, guaranteeing fixed payments. Fixed Rate Mortgage Loans are a popular choice for First Time Home Buyers, Home Purchasers, or Refinance Transactions. 1-4 Unit purchase or refinance transactions available on primary, second, and investment occupancy.
Adjustable Rate Mortgage: Adjustable Rate Mortgage, or ARM, features an interest rate that remains fixed for a period of time and then adjusts annually based on a preselected index, causing interest rates and payments to rise and [ read more... ]

SouthCoast Federal Credit Union can help!

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SouthCoast Federal Credit Union housing loans just got even more affordable! For qualified borrowers, SouthCoast Federal Credit Union in conjunction with MassHousing now provides down payment assistance for up to 3% of the purchase price or $12,000, whichever is less. Down payment assistance is a 15 year, fixed rate loan at 1%!
Borrowers must be first time buyers and income cannot exceed 100% of the area median income (AMI) which varies by region. Down payment assistance is available on single family homes, condos and Planned Unit Developments (PUDs). Other eligibility criteria may apply.
For [ read more... ]

In true, no-fuss, fashion, New Bedford Credit Union announces a simple, straight-up version of our name.

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Since 1932, our approach has been to make banking simple and provide commonsense products and service that best meet the evolving needs and lifestyles of our members. With that spirit we invite all our members and community to refer to us as NBCU. As we continue to grow and move forward, our promise is as straightforward as our new name to make banking easy and transparent, and to play a valuable role in our community’s suc [ read more... ]

WPRI 12 Eye Whitness News > Battling Blight: New Bedford restoring historic homes for lower income buyers

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By: Shannon Hegy  
Diana Pinzon  
Posted: May 21, 2018 05:04 PM EDT

 
NEW BEDFORD, Mass. (WPRI) — Blighted properties aren’t just eyesores. They pose safety risks, health hazards, and decrease surrounding property values.
But New Bedford has initiated a program that is both trying to rehabilitate and fill vacant homes and preserve the rich history that some of those properties have to offer. 
Related: How Providence is Battling Blight »
At first glance, 318 Pleasant St. is the kind of blighted property that’s become all-too-common in cities across the country: forgotten, boarded-up, and left to rot.  
That’s ho [ read more... ]