You can buy a home with a low down payment through MassHousing’s Home for the Brave program: up to 97 percent financing on single-family homes and condominiums, and 95 percent on two, three and four family homes. Every loan includes MI Plus, which covers principal and interest payments for up to six months if you lose your job or are deployed, and closing cost assistance is available through MassHousing grants. Income and loan limits apply.
Contact a participating lender from the MassHousing list. For questions contact MassHousing, One Beacon Street, Boston, MA 02108, phone 617-854-1000.
Your DD214 or current orders, or casualty documentation if you are a surviving spouse; your credit and income documentation; two months of reserves if you are buying a two, three or four family property; and a homebuyer counseling certificate if you are a first-time buyer or buying a multi-family property.
