Currently have your own house? We are able to allow you to refinance, eliminate dangerous lead paint

Currently have your own house? We are able to allow you to refinance, eliminate dangerous lead paint

Fix your house or allow you to update a failing septic system.

Refinance Your Home Loan

Refinance your home loan with MassHousing to save lots of cash, steer clear of the danger of greater re re re payments as time goes by, and also cover the expense of repairs or renovations!

By refinancing your loan through MassHousing, you will receive

  • Fixed interest levels for the life of the mortgage
  • Mortgage Insurance with MI Plus mortgage repayment security, which provides you satisfaction if you lose your task
  • Loan servicing by MassHousing’s knowledgeable, friendly and staff that is massachusetts-based

Refinance and Renovate

Seeking to make improvements and repairs to your residence? A MassHousing Refinance and Renovation loan lets you

  • Refinance your cover and mortgage expenses of repairs, improvements and improvements
  • All with one easy-to-manage loan from MassHousing

Have the Lead Out

The have the Lead Out Program provides low and no-interest-rate funding to assist property owners, investor-owners and nonprofits remove lead paint from their properties.

Obtain the Lead away is offered via a partnership because of the Departments of Public health insurance and Housing and Community developing to offer a way that is affordable remove hazardous lead paint out of your home.

Simple tips to use

Obtain the Lead Out loans are administered by neighborhood rehabilitation agencies. To learn more or even to use, contact a participating agency.


0% Deferred Rates Of Interest for Owner-Occupied Properties

  • No closing costs having a 0% deferred loan
  • Loan is deferred until refinance or sale for the home
  • Versatile underwriting instructions for owner-occupant groups of 1-4 household properties by which a young child beneath the chronilogical age of six resides or owner-occupants who’re court-ordered to delead (should be child’s residence that is permanent
  • Owner-occupants without a kid underneath the chronilogical age of six who go for preventative lead abatement to boost the livability of these home must satisfy underwriting that is standard to make use of the 0% deferred price

3% Interest for Investor-Owners

  • For investor-owners renting to income tenants that are eligible.
  • 5- to loan that is 15-year on the basis of the loan quantity and borrower skills. Loans are completely amortizing.

0% Rate Of Interest for Nonprofit Companies

  • For nonprofit companies who rent to tenants that are income-eligible.
  • 5- to loan that is 15-year in line with the loan quantity and debtor skills. Loans are fully amortizing.

Earnings Restrictions along with other Limitations

  • Borrowers must satisfy earnings directions to be involved in the obtain the Lead Out Program. View earnings limitations.
  • Optimum Loan Limits: $30,000 for the single-family house; $35,000 for a 2-family house; $40,000; for the 3-family house; $45,000 for the 4-family house

Next Actions

For more information on or make an application for an obtain the Lead Out Loan, contact a participating local rehabilitation agency.

Concerns? Contact our HomeOwnership Team at 888-843-6432 or homeownership@masshousing.

Home Improvement Loan

An affordable loan from MassHousing to fund general, non-luxury improvements to your residence.

Program Details

  • The attention price on all HILP loans is 5%
  • Loan quantities cover anything from $7,500 to $50,000
  • Loan terms consist of 5 to 15 years

Earnings Restrictions as well as other Limitations

  • Borrowers must satisfy earnings eligibility restrictions, which differ by town or city.
  • The house will need to have been your major residence for at minimum twelve months
  • You really must have good credit and income that is stable.
  • Loans can be used for 1- to 4-family properties and condominiums just
  • You shall never be reimbursed for work started ahead of the loan shutting

How to utilize

HILP loans are originated by MassHousing-approved loan providers. To find out more, or even submit an application for a HILP loan, contact a participating lender.

Concerns? Contact our HomeOwnership group at 888-843-6432 or homeownership@masshousing.

Septic System Fix Loan

Low- or no-interest financing to assist homeowners deal with a failing or non-compliant septic system.

System Details

  • Open to owners of 1- to 4-family homes and condominiums
  • Loan amounts from $1,000 (minimum) to $25,000
  • Loan terms differ from 3 to two decades
  • Interest rates range between 0% and 5%, based on home earnings

Income Limitations

Borrowers must fulfill earnings eligibility needs to be eligible for a Septic System fix Loan. View Income Limits.

Simple tips to utilize

Septic System fix Loans are originated by participating loan providers. To learn more or to use, contact a participating lender.

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