Available with MI Plus Mortgage Payment Protection!
All MassHousing Mortgages feature:
- Affordable interest rates, fixed for the life of the loan
- Flexible underwriting and income limits
- Loan servicing by MassHousing. If you have a question, you’ll know who to call!
Having trouble with the initial costs of buying a home? We’ve got you covered!
- Down payment assistance available to qualifying borrowers, for up to 3% of the purchase price or $12,000, whichever is less
- MassHousing also offers a number of low down payment options
Mortgage Insurance (MI) Options
Not all MassHousing Mortgages require MI. Loans insured by MassHousing feature:
- Mortgage Payment Protection with MI Plus: unique coverage that helps pay your mortgage if you lose your job!
- Discounted MI premiums for eligible borrowers
- Monthly and single MI premiums available
Buying a Home in Need of Repair?
A MassHousing Mortgage may be used to finance the purchase and rehabilitation/repair of a home!