Are you ready to own a home but not quite ready for the costs associated with buying one? Our Affordable Housing Program (AHP) is tailor-made for your needs. Designed for low- and moderate-income individuals who haven’t owned a primary residence in at least three years, AHP makes it easier to afford homeownership. The program applies to single- and multi-family homes within target areas of Massachusetts and Rhode Island and features:
- Fixed or adjustable-rate mortgage loan
- Lower down payment requirements
- Discounted private mortgage insurance (PMI)*
- Closing costs assistance
- U.S. Department of Housing & Urban Development (HUD) approved Home Ownership Counseling Program*
*PMI and HUD counseling is required. Approved housing agencies such as Pro-Home Inc along with other HUD-approved counseling agencies can provide the First Time Homebuyer training. For a list of HUD and Mass Housing-approved counseling providers please refer to the Massachusetts Housing website. Click here for more information on HUD income limits.
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