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Summertime Savings to Help You Buy a Home

Sponsored by MassHousing | 7/25/2017, 4:23 p.m.

Special Savings, Reliable Features

This summer, MassHousing is offering qualifying borrowers a trio of special savings: $1,500 closing cost credit, discounted interest rates and reduced mortgage insurance premiums.

These savings are in addition to the features of all MassHousing loans: low down payment requirements; competitive, fixed interest rates; MIPlusTM job loss protection benefits; no hidden fees or other surprises; and local, in-house loan servicing (which means you’ll make your payments and get your questions answered by someone right here in Boston, and not in some far-off office park in another state).

“Buying a home in Greater Boston can be challenging, so it helps to have the support of a lender who is committed to your success,” said MassHousing’s Director of HomeOwnership Production Lisa Fiandaca. “These savings give homebuyers a much-needed boost toward achieving the dream of homeownership.”

Learn more about MassHousing’s summertime special at www.masshousing.com/summer.

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MassHousing

Up-Front Savings, Long-Term Affordability

For many would-be homebuyers, the up-front costs are the biggest obstacle to homeownership. The $1,500 closing cost credit, along with low down payment requirements mean a lower initial investment by MassHousing borrowers this summer.

However, buying a home is a long-term investment. The discounted interest rates and mortgage insurance premiums will result in savings for years to come.

Learn more about MassHousing’s affordable products, programs and resources for homebuyers at www.masshousing.com/homeownership.

Support When You Need It

As the state’s trusted lender, MassHousing is committed to our borrowers’ long-term success. Unlike many lenders, who sell the servicing of mortgage loans to third parties, MassHousing services all of its own loans. If any issues arise, MassHousing’s in-house loan servicing staff will be there to help.

“Local, high-touch servicing has been beneficial to our borrowers in maintaining their loans and their homes,” said Kevin Mello, MassHousing’s Director of HomeOwnership Servicing & Operations. “We really do have a vested interest in the success of our customers and the communities where they live.”

MassHousing loans also come with MIPlus, a unique borrower protection that helps repay a loan for up to six months in case of job loss. MIPlus is offered at no additional cost by MassHousing on all loans that require mortgage insurance.

Learn more about mortgage insurance and MIPlus at www.masshousing.com/miplus.

Who is eligible?

The special summertime discounts and offers are for borrowers earning up to $82,720, depending on the city or town in which they are buying a home. Loans must close before September 29, 2017. Other restrictions may apply

What’s Next?

MassHousing loans are made through a network of more than 150 lenders across Massachusetts. Visit www.masshousing.com/lenders to find a participating lender near you.

If you’d like to speak with someone about your particular situation, you can contact MassHousing’s staff homebuying experts at 888.843.6432 or homeownership@masshousing.com.

To learn more about MassHousing’s summertime special, visit www.masshousing.com/summer.

About MassHousing

MassHousing is an independent public agency created by the Commonwealth in 1966 to promote affordable housing opportunities for all Massachusetts residents. Since our formation, tens of thousands of individuals and families have used an affordable MassHousing Mortgage to buy or refinance a home in Massachusetts.

To learn more about MassHousing, visit www.masshousing.com.