COVID-19 Update - April 2, 2020 - For the safety of our members, staff and the public, HCU will temporarily be closing our West Springfield Branch as of Mon. April 6, 2020. ATMs in West Springfield will remain functional. HCU will temporarily be reducing the hours in the Holyoke and Feeding Hills branches. They will be open Mon.-Fri.: 10am-3pm and Sat. 9am-12pm. Mobile banking, online banking and HCU's Member Solutions Call Center will continue to be available. For more complete information please see the News article "Important Message to Our Members" below.

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 interest rates fixed for a term of 30 years
  • 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:

Maximum 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 Mortgage
Maximum 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 Insurance
A mortgage insurance protection plan for buyers with little or no down payment.

Learn more about MI Plus
MassHousing recently launched a nine-part video series aimed at helping consumers prepare for the homebuying process. The series begins with an introduction to MassHousing and its homebuyer programs and then guides the homebuyer through such topics as determining one's readiness for homeownership; where to begin; the importance of homebuyer education; finding a lender; the benefits of a MassHousing loan; and working with a realtor.

Learn more about the Homebuyer Video Series