Mortgage
MassHousing Overview
MassHousing
Holyoke Credit Union has teamed up with the MassHousing Finance Agency to bring the most affordable mortgage options to our income-eligible members. MassHousing has been serving low-to-moderate-income homebuyers and homeowners for more than 30 years.
To qualify for a MassHousing loan through Holyoke Credit Union, you must:
- Meet income and loan limits, which vary by city and town
- Be creditworthy
- Buy or refinance a single-family home or condominium, or a 2-, 3- or 4-family property
MassHousing loans offer:
- Affordable fixed interest rates
- Low down payment options
- MI Plus™ payment protection, which helps pay your mortgage loan for up to six months if you lose your job
- In-house servicing by MassHousing, which means any questions you may have on your mortgage will be answered by local MassHousing staff
MassHousing offers a number of affordable products and services to help families with modest incomes to buy or refinance their homes. They are:
A first-time homebuyer mortgage for veterans.
Learn more about Operation Welcome Home LoanMaximum income levels as high as $125,415 (varies by city or town). For Hampden and Hampshire Counties, the maximum income level is $94,770.
Learn more about Mass Housing MortgageMaximum income levels as high as $125,415 (varies by city or town). For Hampden and Hampshire Counties, the maximum income level is $94,770.
Learn more about MassHousing Mortgage with No Mortgage InsuranceA mortgage insurance protection plan for buyers with little or no down payment.
Learn more about MI PlusLow-cost second mortgage loans for home and septic improvements.
Learn more about Home Improvement and Septic Repair Loans