COVID-19 Update - 06/25/20 - WE'RE REOPENING OUR LOBBY! - As of Mon, June 29, 2020, HCU will be reopening the Holyoke and Feeding Hills lobbies to limited traffic (Holyoke - 5 members & Feeding Hills - 3 members at any time). Masks will be required and social distancing will be practiced. HCU's hours will remain the same, M - F 9am - 4pm, Sat. 9am - 12pm. The West Springfield branch will remain closed until further notice. If you wish to meet with a Member Service Representative, please call for an appointment. For Holyoke, call Sharon Carter at 413-341-0133. For Feeding Hills, call either Marjorie Letasz or Beth Cook at 413-278-6840. We thank you for your understanding while we implement this "new normal"!

MassHousing Mortgage with No Mortgage Insurance

The MassHousing Mortgage with No Mortgage Insurance offers competitive interest rates with low down payment options. 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 flexible underwriting and fixed-rate financing, it’s the perfect mortgage loan for low- and moderate-income households.


  • Up to 97% financing on single-family homes and condos
  • Up to 95% financing on 2-, 3- and 4-family homes
  • 30-year fixed-rate terms
  • As little as 3% down
  • No mortgage insurance required
  • Maximum income levels as high as $125,415 (varies by city or town); Hampden and Hampshire Counties income limit is $94,770
  • FannieMae loan limits
  • Approved community second mortgages allowed


  • 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
* Subject to credit approval. Other restrictions may apply. Applicants are subject to complete underwriting based on program guidelines, not all applicants will qualify.