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MassHousing Mortgages

St. Mary's Credit Union is an approved MassHousing lender, which means we can offer a variety of MassHousing loan products in support of affordable housing opportunities. MassHousing loans are available to eligible borrowers at rates below conventional market rates. Our goal is simple - to help people buy houses with financing they can afford and NO surprises!

NEW: MassHousing Mortgage with No Mortgage Insurance

This home loan provides financing up to 97% loan to value (LTV) without mortgage insurance. The MassHousing Mortgage with No Mortgage Insurance is available for owner-occupied one to four family properties including condominiums on both purchase and limited cash-out transactions. With a low fixed rate, no borrower contribution on single family homes, and low 3% borrower contribution on 3-4 family homes, the MassHousing Mortgage with No Mortgage Insurance is a good choice for low and moderate income homebuyers.

Features

  • Up to 97% financing on single-family homes and condos
  • Up to 95% financing on 2-, 3- and 4-family homes
  • Fixed rate terms
  • As little as 3% down
  • No mortgage insurance required
  • Income limits as high as $123,660 in many cities and towns
  • FannieMae loan limits
  • Approved community second mortgages allowed

Advantages & Benefits

  • As little as 3% down
  • The interest rate will never increase
  • No additional mortgage insurance costs
  • Safe, fixed-rate limited cash-out refinance option
  • Fast decisions on all applications
  • A mortgage that you can afford today
  • One fixed monthly payment for the life of the loan
  • Loan payments made to MassHousing, a local, customer service-focused organization
  • MassHousing is a lender you can trust

Other MassHousing Mortgages

Features

  • Up to 97% financing on single-family homes and condos - put as little as 3% down!
  • Fixed rate repayment terms
  • Maximum income limit as high as $118,935 in many cities and towns
  • Generous loan limits
  • Mortgage payment protection, which helps pay your loan in case you lose your job
  • No hidden fees or other surprises

Advantages & Benefits

  • Affordable interest rates, fixed fo the life of the loan
  • Low downpayment options
  • Flexible underwriting and income limits
  • Fast decisions on all applications
  • A mortgage that you can afford today
  • A great low-cost way to own your part of the American dream

Want to learn more about the MassHousing Program and our current rates?

Speak with our Mortgage Originator, Darren Hill (NMLS ID: 66061), by calling (866) 585-7628.

St. Mary's Credit Union is proud to be a MassHousing Approved Lender.

MassHousing