All Holyoke Credit Union branches will be closed on Monday, May 27 2024 for Memorial Day. Online and Mobile banking are available 24/7.

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.


  • Low down payment financing on single-family homes and condos
  • Low down payment financing on 2-, 3- and 4-family homes
  • Fixed-rate terms
  • 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


  • 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.