Why first-time homebuyers should choose MassHousing

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More than 90,000 people have used a MassHousing Mortgage to buy their home in Massachusetts. Our mission, products and people make MassHousing the perfect partner for first-time homebuyers in Massachusetts! 

Who is MassHousing?

MassHousing is a mortgage lender.

We lend money in the form of home mortgage loans for first-time homebuyers in Massachusetts. We also offer down payment assistance that can be used to buy a home in every city and town in the state!

MassHousing is a Mortgage Lender

We have a special mission.

We are a not-for-profit, which is exactly as it sounds—we lend money for the mission of helping first-time homebuyers, not to make a profit. We were created by our state's government but are not funded by it.

MassHousing is mission-driven

We work with other lenders.

We've partnered with banks, credit unions and mortgage lenders across Massachusetts—one may be a lender that you know already! You'll complete your loan application paperwork through that partner.

We work with other banks

We provide customer care.

Once you have your loan, MassHousing will continue to provide customer care.

We won't sell your loan to another company, and we are here to help if you need us!

We provide customer care

3 reasons MassHousing loans are great for first-time buyers

1. Down payment assistance

Saving for a down payment is one of the biggest obstacles first-time homebuyers face. Down payment assistance from MassHousing is unlike any other program available. It can be used in every city and town in Massachusetts, and can often be combined with other community down payment loans.

1. Down Payment Assistance + - Less

2. Peace of mind with MI Plus

MassHousing mortgage insurance with MI Plus is a unique benefit that helps pay your mortgage if you lose your job. MI Plus covers principal and interest payments for up to 6 months, up to $2,000/month. MI Plus is offered at no additional cost on loans insured by MassHousing.

2. Peace of Mind with MI Plus + - Less

3. Affordable, predictable mortgage loans

MassHousing is committed to your success over the long term. That's why all MassHousing mortgage loans feature low, fixed interest rates, plus no hidden fees or surprises. Once you have your MassHousing loan, our local customer care team will always be available if you need us.

3. Affordable, predictable mortgage loans + - Less