We help first-time homebuyers
- Most of our borrowers are first-time buyers with modest incomes
- We partner with a network of certified home buyer education providers
- Easy-to-understand, fixed rate loans with no hidden fees, adjustable rates or other surprises Down payment assistance (DPA)
- Down payment assistance (DPA
MassHousing offers DPA in every city and town DPA of up to $30,000*
- Eligibility: Buyers in single homes, condos, and 2-4 family propertied earning up to $206,685
- Our DPA can be used with other DPA and grant programs Purchase & Renovation Financing
Purchase & Renovation Financing
- A great choice for the fixer-upper
- A single, monthly mortgage payment that is easy to manage Mortgage Insurance Plus
Mortgage Insurance Plus
- MIPlus recipients payment protection at no additional cost
- If you lose your job, MIPlus covers your principal and interest for up to 6 months
- MIPlus premiums can be paid monthly or with a one-time payment
To get your client started have them…
1. Register for a homebuyer education course, a list of approved providers can be found at www.masshousing.com/education
2. Sign up for our Homebuyer Tips email newsletter at www.masshousing.com/loans
3. Visit us at www.asshousing.com/lenders to find a MassHousing-approved lender
* To be eligible for down payment assistance, borrowers must be first-time buyers. Income limits apply and vary by region. Other eligibility criteria apply Down payment assistance available on 1-4 family homes, condos and Planned Unit Developments (PUDs).
