To be eligible for a MassHousing Mortgage, you have to meet income and loan limit guidelines. You must purchase a one- to four-family property or condominium unit. You need good credit and you must complete a homebuyer education course, such as the classes offered by BLUE, Inc.
Fixed Rates and No Mortgage Insurance
What are the Down Payments Like?
There is a minimum 3 percent down payment for single family homes and condos. There is a minimum 5 percent down payment for two-, three-, and four-family homes. There are no hidden fees or surprises.