Massachusetts Housing Partnership-ONE Mortgage Program

Massachusetts Housing Partnership (MHP) is the most affordable home loan program for first-time home buyers. The program is designed specifically for low and moderate-income homebuyers. ONE Mortgage offers borrower(s) the comfort of knowing their mortgage is financially sustainable.

Features and Benefits:

  • Competitive low fixed rates
  • Low minimum down payment
  • No Private Mortgage Insurance (PMI)
  • Financing for one-two family owner-occupied properties or condominiums
  • Down payment and/or closing cost assistance may be available for qualified borrowers
  • MHP Interest subsidy available for qualified borrowers

To learn more about the ONE Mortgage Program, please contact a Loan Officer today!

Program is subject to credit approval, mortgage loan and income limits apply. Income eligible buyers may also qualify for subsidized payment in the initial years of ownership. Applicants are subject to complete underwriting based on MHP/Fannie Mae policies and procedures, not all applicants will qualify, rates, terms and product offerings are subject to change without notice. Loans available on owner-occupied properties only, program for eligible first-time homebuyers, no PMI, homeowners insurance required and flood insurance where necessary. Available for residences located in the Bank's defined lending area. Other restrictions may apply.