New MassHousing Program with No Mortgage Insurance!
MassHousing Mortgage with No Mortgage Insurance is a great choice for low and moderate income homebuyers. This program is available to owner occupied, one to four family properties, including condominiums, on both purchase and limited cash-out transactions. The MassHousing Mortgage with No Mortgage Insurance provides financing up to 97% loan to value (LTV) without mortgage insurance, as well as a low fixed rate, no borrower contribution on single family homes and low 3% borrower contribution on 3-4 family homes.
OTHER FEATURES:
Up to 95% Financing on Multi-Family homes
As little as 3% down
Income limits as high as $123,660 in many cities \ towns
FannieMae Loan Limits
Approved community second mortgages allowed
Call me to learn more about this innovative new mortgage program!