Mass Housing Mortgage
Offered by Massachusetts Housing Partnership (MHP) and designed specifically for low- and moderate-income first-time homebuyers,the ONE Mortgage offers consumers the comfort of knowing their mortgage is financially sustainable.
With a loan from MassHousing, you'll get
- Affordable interest rates, fixed for the life of the loan
- 30-year repayment terms
- Mortgage payment protection, which helps pay your loan in case you lose your job
- No hidden fees or other surprises
- Low-downpayment options
- Flexible underwriting and income limits mean more families qualify
- Loans serviced by MassHousing. If you have a question or concern, you'll know who to call
Eligibility:
To qualify for a MassHousing Loan, borrowers must
- Meet income and loan limit guidelines
- Purchase a condominium, single family, 2, 3 or 4-family property
- Have good credit
- Complete a homebuyer education course
- Property must be your primary residence through the term of the loan.