MassHousing (The Massachusetts Housing Finance Agency) is a quasi-governmental agency created in 1966 and to date has provided loans to help more than 60,000 homebuyers achieve affordable and sustainable homeownership.  MassHousing raises capital by selling tax-exempt bonds and does not use taxpayer dollars.  A MassHousing loan can be used to buy or refinance a home, and loans are available to move-up as well as first-time homebuyers.  All MassHousing loans require downpayments as low as 3% and feature 30-year terms, affordable, fixed interest rates and no hidden fees or other surprises.  MassHousing offers a very popular loan that does not require mortgage insurance, even with a downpayment as low as 3%.  Loans that do carry mortgage insurance come with MassHousing’s unique job loss protection insurance called MI Plus™.  The policy helps a borrower make their monthly mortgage payments for up to six months if they lose their job. 

To be eligible for a MassHousing loan a borrower must meet income limits and loan limits, which vary by region.  Income and loan limits for every region in the Commonwealth are available at    Borrowers must also have good credit, purchase a 1- to 4-family property and complete a homebuyer education course.

More information is available at or by calling 1-888-843-6432.