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.

Mass Housing Mortgage offers the best interest rate with the least money down anywhere in Massachusetts today. 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- and no-down payment options, flexible underwriting and fixed-rate financing, it’s the perfect mortgage loan for low- and moderate income households.

Features

• Up to 100% financing with no cash required on single family homes and condos

• 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

• Purchase & Rehab option available to first-time buyers

• Approved community second mortgages allowed

• Conventional appraisal guidelines

• Non-traditional credit allowed

• Competitive interest rates

• Low monthly payments

• Low mortgage insurance coverage requirement

• Up-front third-party-paid mortgage insurance premiums available eliminating             

   borrower’s monthly mortgage insurance payment

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

• Quick underwriting decisions made by lenders overseen by Mass Housing

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

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Massachusetts Office - 423 West Broadway, Suite 403 - South Boston, MA 02127
Phone: (617) 269-1118 Toll Free: (877) 574-0007 Fax: (617) 269-1133
website: www.mbamortgageco.com

 

 We lend in the following states:

Massachusetts, Connecticut, New Hampshire, Rhode Island, and Florida

Licensed by the  Massachusetts Division of Banks. License #MB4115

Licensed by the Connecticut Dept of Banking. License #17404/#17405

Licensed by the New Hampshire Banking Department. License #11440-MBR

Licensed by the Rhode Island Division of Banking. License #20072210LB

Licensed by the Florida Office of Financial Regulation. License #504347

FHA Approved Broker

Licensed by the Department of Housing & Urban Development. License #28012-0000-2

NMLS #2880

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