Successful homeownership starts with a lender you can trust. These mortgage products are designed with competitive fixed rates and low down payments. For any questions about the affordable mortgages that we offer, including the Mass Housing programs, please contact a Loan Officer.
MassHousing is a not-for-profit agency whose public mission is to make affordable loans to homebuyers with modest incomes. You can get a MassHousing loan through a participating lender, like Dedham Savings.
This is a conventional loan program for active duty members of the US Armed Services, Veterans, Reservists, and Gold Star Families. This program combines a traditional 1st mortgage (Fannie Mae) with a deferred 2nd mortgage option.
A conventional loan with all of the same features and benefits of a traditional VA loan
A MassHousing Mortgage can help create affordability and increase buying power. The Three PMI options available are: PMI paid by the lender (LPMI) or borrower paid (BPMI) or even a no mortgage insurance option (NoMI) option.
Financing for owner-occupied one to four family houses and condominiums
The Massachusetts Housing Partnership One Mortgage Program (MHP) is the most affordable home loan program for first-time home buyers. The program is designed specifically for low and moderate-income homebuyers.
No Private Mortgage Insurance (PMI)
Financing for owner-occupied one to two family properties including condominiums
Down payment and/or closing cost assistance and/or MHP Interest subsidy may be available for qualified borrowers
If you work in government, public safety, law enforcement, health care, education, or social services, the Municipal Mortgage program1 can help you buy a home, while taking advantage of some very special benefits.
Program is subject to credit approval, mortgage loan and income limits apply. Other restrictions may apply. Applicants are subject to complete underwriting based on MassHousing/Fannie Mae/Massachusetts Housing Partnership policies and procedures, not all applicants will qualify, rates, terms and products are subject to change without notice. Loans available on owner-occupied properties only, homeowners insurance required and flood insurance where necessary. Available for residences located in MA. MassHousing loans insured by MassHousing Insurance Fund.
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