MassHousing Update, June 2019
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MassHousing continues to be the most trusted resource for information and affordable mortgage financing for Massachusetts homebuyers. Borrowers come to MassHousing today for the same reasons they always have: affordable, fixed-rate loans; low down payment requirements; local servicing; MI Plus mortgage payment protection. Add to that the Down Payment Assistance program (the only statewide program of its kind in the Commonwealth), and MassHousing is putting homeownership within reach for more Massachusetts families.
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HomeOwnership Lending on Track for Second-Best Year Ever
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With several days remaining in Fiscal Year 2019, MassHousing’s HomeOwnership first mortgage lending already ranks as the second highest total in Agency history.
In FY2019, which runs from July 1, 2018 to June 30, 2019, MassHousing has closed 3,042 first mortgage loans for $769.4 million.
Continue reading...
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Down Payment Assistance Drives Lending
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MassHousing’s
Down Payment Assistance (DPA) Program is putting homeownership within reach for more Massachusetts buyers, and is driving the Agency's home mortgage lending to its highest level in years.
Continue reading...
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In-House Servicing is Key to Borrower Success
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MassHousing’s in-house Loan Servicing Department plays a key role in the Agency’s commitment to sustainable homeownership.
Continue reading...
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MassHousing Honors Top Lenders for Commitment to Affordable Home Ownership
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MassHousing has been on the road recently, recognizing top-performing lenders for their excellence in originating MassHousing’s mortgage loans and their commitment to promoting affordable homeownership across the Commonwealth.
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Adams Community Bank, Top Producer of Loans that have MassHousing Mortgage Insurance but are not funded by MassHousing (66 loans, $9.6 million).
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Cape Cod 5 Cents Savings Bank, Top Producer of MassHousing Loans in Barnstable County (26 loans, $6.2 million) and Nantucket County (6 loans, $1.6 million). Cape Cod 5 was also honored as Top Producer in dollars of loans that have MassHousing Mortgage Insurance but are not funded by MassHousing (42 loans, $11.5 million).
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Fairway Independent Mortgage Corp., Top Producer of loans in Norfolk County (28 loans, $9.1 million), Plymouth County (53 loans, $15.6 million), Suffolk County (20 loans, $6.3 million) and Worcester County (137 loans, $28.9 million). Fairway was also honored for providing the most loans to minority borrowers (105 loans, $29 million).
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Sign Up for Homebuying Tips
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Did you know: MassHousing’s Homebuying Tips email updates are sent every two weeks to more than 18,000 subscribers? Sign up today to receive homebuying information, product updates, expert advice and community profiles from MassHousing, the most trusted resource for Massachusetts homebuyers.
Subscribe and view past emails here!
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Listen Up: ‘Home at Last in Mass’ Podcast
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MassHousing has released the first three episodes in what will be an ongoing series of podcasts for Massachusetts homebuyers. ‘Home at Last in Mass,’ explores a variety of homebuying topics, from determining your readiness to common homebuying mistakes. It's available on
Apple Podcasts,
Google Podcasts and
Podbean.
Start listening today!
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Get Ready for Homeownership with 10-Steps Infographic
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Are you thinking of buying a home in Massachusetts, or do you know someone who is? MassHousing has created an infographic that helps would be homeowners navigate the homebuying process. Titled “10 Steps to Buying a Home,” the infographic guides consumers from the initial stages of budgeting and planning through the offer, home inspection and closing.
Download it here!
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