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MassHousing Mortgages

MassHousing is a quasi-governmental agency created in 1966. To date it has provided loans to help more than 60,000 homebuyers achieve affordable and sustainable homeownership.

General Information

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. 

MassHousing loans feature 30-year terms, affordable, fixed interest rates and no hidden fees or other surprises.  MassHousing offers down payment assistance (DPA) to qualified borrowers who obtain a MassHousing loan. For MassHousing loans where DPA is not utilized, the down payment requirement for a MassHousing loan can be as low as 3%. MassHousing also has a unique job loss protection insurance called MI Plus™, which helps borrowers 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 www.masshousing.com/limits

Borrowers must also have good credit, purchase a 1- to 4-family property and complete a homebuyer education course at www.masshousing.com/education

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

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