LOAN PROGRAMS

MassHousing

The Massachusetts Housing Financing Agency (MassHousing) offers residents mortgage options that help them affordably achieve homeownership. Qualifying borrowers can purchase or refinance 1 to 4-family homes and condos.

Programs

MassHousing

MassHousing - helping over 90,000 people buy a home in Massachusetts!*

Are you a first-time homebuyer looking for a home financing solution?

Finding the perfect affordable home financing doesn’t have to be difficult.  At Homestead we have options to suit the needs of qualified home buyers in Massachusetts. The MassHousing program allows us to offer mortgage financing with competitive fixed interest rates, a low-down payment all combined with the availability of down payment assistance.

The unique job loss protection insurance called MI Plus feature can potentially help cover the principal & interest portion of your mortgage payment for up to six months.**

Key Features and Benefits of MassHousing

  • 30- year terms with competitive, fixed interest rates
  • Down payments as low as 3%
  • Down payment assistance available to those who qualify
  • MI plus - potentially help cover the principal & interest portion of your mortgage payment for up to six months in the event of job loss**

Product availability and guidelines subject to change at any time. Certain restrictions apply. Income and loan limits apply. All First Time Home Buyers (FTHB) must complete homebuyer’s counseling with approved Mass Housing counselor. Acquisition cost limits may also apply depending on the program.

* Source: https://www.masshousing.com/home-ownership **Subject to terms and conditions of the program

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