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MHP ONE Loan Program Website. ONE Brochure.pdf

MHP-ONE-Brochure.pdf
Preview of MHP ONE Loan Program website. ONE Brochure
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📊 Size: 367 KB
📄 Pages: 3 pages
⬇️ Downloads: 81

Summary

The ONE Mortgage Program is a mortgage loan program designed for low- and moderate-income first-time homebuyers in Massachusetts. Key features include a discounted 30-year fixed interest rate, low down payment requirements (3% for single-family properties, 5% for three-family properties), no private mortgage insurance payments, and an interest subsidy for eligible buyers. The program aims to provide affordable and sustainable homeownership options, with benefits including lower monthly mortgage payments, asset building, and long-term affordability. To be eligible, households must meet income guidelines, complete a pre-purchase homebuyer education workshop, and have less than $75,000 in household liquid assets. The program is administered by the Massachusetts Housing Partnership, and interested buyers can contact participating lenders to apply.

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Description

The ONE Mortgage Program is a mortgage loan program designed for low- and moderate-income first-time homebuyers in Massachusetts.

Technical Information

  • File Format: PDF
  • File Size: 367 KB
  • Pages: 3
  • Language: EN
  • Total Downloads: 81
  • Last Updated: 1 week ago

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This PDF document about MHP ONE Loan Program website. ONE Brochure provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into MHP ONE Loan Program website. ONE Brochure.

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