Do you need a Massachusetts Homebuyer Education Certificate to qualify for a loan program or an affordable housing opportunity? Are you looking to buy a home, but not sure you can afford one? We offer the approved homebuyer education workshop that is required for Mass Housing, Mass Housing Partnership One Mortgage, or the Equity Builder programs as well as other down payment assistance or affordable housing opportunities. We do not attempt to sell you any goods or services; we do not receive any commissions. The fee is $75 per household and can be paid with the pay now button below. To register, see contact information below.

If you have any questions about the program or to receive the information sheet and the registration form, please send an email to Ellie O'Leary at EOLeary@CoastalHB.org or call 978-992-4106. Our mailing address is PO Box 453, Amesbury MA 01913.








Tuesday, March 20, 2018

Down Payment Assistance from Mass Housing


Mass Housing loans just got even more affordable. For income eligible, qualified buyers Mass Housing now provides down payment assistance for up to 3% of the purchase price or $12,000, whichever is less.
The down payment assistance is a 15-year, fixed rate loan at 1% interest. A $10,000 down payment assistance loan would be 180 payments of $59.85 each. Any unpaid portion would be due upon sale or refinance of the property prior to the end of the 15-year term.
Home buyers accessing down payment assistance must still meet Mass Housing’s underwriting criteria, including minimum credit score and debt-to-income qualifications, and attend a homeownership education class. Eligible households can be earning $103,4000 or less in eastern Massachusetts, depending on household size.

1 comment: