MBA Mortgage Corporation News

Company Info

Loan Info

Mortgage Resources

Featured Tools

Other Services

Mass Housing

 Presented by MBA Mortgage Corporation

 

Mass Housing provides financing for first-time homebuyers with modest incomes. All of mass housing loans feature fixed interest rates competitive with those offered by conventional lenders and MI Plus mortgage insurance, which helps pay a homeowner's mortgage if they lose their job.

 

But Mass Housing loans are not just for homebuyers. Existing homeowners can take advantage of Mass Housing loan products to refinance into a more affordable mortgage, repair a failed septic system, remove hazardous lead paint or upgrade their property. Mass Housing aims to help families buy their first home and then keep it for the long term. Aiding in that effort is our in-house loan servicing department, which provides personal attention and support to our borrowers.

 

This affordable loan from the state’s affordable housing bank is just right for first-time homebuyers as well as those looking to move up or refinance. With its low-down payment options, flexible underwriting and fixed-rate financing, it’s the perfect mortgage loan for low and moderate income households.

  

As a broker of MA Housing loans, we have the ability to work with lenders who offer the following features

 

• No need to be a first-time buyer

• Maximum income limits as high as $118,935 (varies by city or town)

• MI Plus™ mortgage insurance helps pay the mortgage in case of job loss

• Affordable loan limits

• Conventional appraisal guidelines

• Non-traditional credit allowed

• Competitive interest rates

• Low monthly payments

• Low mortgage insurance coverage requirement

• Safe, fixed-payment, limited cash-out refinances options

• Quick underwriting decisions made by lenders overseen by Mass Housing

 
MA Housing
 

For more in-depth information and to see if you can qualify for Mass Housing please call 617-269-1118