Operation Welcome Home

The Operation Welcome Home mortgage program supports members of the Reserves and National Guard, active-duty military, Veterans and Gold Star Families in achieving the dream of homeownership.

All Operation Welcome Home loans 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!

$2,500 Closing Cost Credit

For a limited time, Operation Welcome Home borrowers can take advantage of a closing cost credit for up to $2,500. This credit is in addition to MassHousing’s Down Payment Assistance Program.

Down Payment Assistance

Operation Welcome Home borrowers can qualify for a down payment assistance loan for up to 3% of the purchase price or $12,000, whichever is less. Learn more about Down Payment Assistance from MassHousing!

Mortgage Insurance (MI) Options

MassHousing offers a number of MI options for Operation Welcome Home loans:

  • MIPlus Mortgage Payment Protection, which helps repay your loan if you are deployed or lose your job, or for Reservists and National Guard Members called to active duty
  • Discounted MI premiums available to eligible borrowers
  • Monthly and single MI premiums available

Buying a home in need of repair?

An Operation Welcome Home loan may be used to finance the purchase and rehabilitation/repair of a home!

Operation Welcome Home


To qualify for an Operation Welcome Home loan, you must:

  • Be an active duty military member; Veteran who served honorably; member of the Reserves or National Guard; or a Gold Star Family member
  • Be a first-time homebuyer*
  • Purchase a 1- to 4-family property in Massachusetts (including condominiums)
  • Meet income and loan limits

*You do not have to be a first-time home buyer if you are purchasing a home in Boston, Chelsea, Cambridge, Everett, Fall River, Lawrence, Lynn, North Adams and Somerville.

Inquire About Buying a Home Through Operation Welcome Home

First Time Home Buyer Program

Down Payment Assistance