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MassHousing Mortgages

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UMassFive offers MassHousing loans through our partnership with Member Advantage Mortgage to make financing a home more accessible.

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We've added another way to make homeownership more accessible.

Through our partnership with Member Advantage Mortgage, we can now offer MassHousing loan products to members like you. MassHousing is a program that helps people achieve their homeownership goals across the state.

NMLS# 1557 | ML 1557 (LENDER)

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Affordable rates, straightforward terms

MassHousing offers fixed-rate loans with no hidden fees, adjustable rates, or surprise costs. These easy to understand terms are one reason first-time homebuyers are encouraged to look into MassHousing loans.

Down payment assistance

Saving for a down payment is often the biggest hurdle for those looking to finance a home. MassHousing offers down payment assistance of up to $50,000, which for many means less time saving and reaching homeownership goals faster. Down payment assistance amounts and eligibility are based on several factors, including where you live.

Unique mortgage insurance with payment protection

MassHousing offers a one-of-a-kind mortgage insurance called MIPLUS. This offers mortgage payment protection if you are unable to make payments due to a loss of employment.

How to determine if you're eligible

The best way to find out if you’re eligible is to speak with a mortgage loan officer, but you can get a head start on the conversation by answering the following questions:

1. Do you earn less than $179,955 per year?

2. Are you in the market to buy a single-family home, condo, or 2-4 family property in Massachusetts?

3. Will the home be your primary residence?

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Gary Talbot

 

Next Steps

If you believe you're a qualified candidate or would like to learn more about our mortgage products, reach out to our Mortgage Loan Officer Gary Talbot, and have a quick conversation to determine if you should pursue these products in your journey to homeownership.

Is MassHousing right for you?

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This is not an offer for extension of credit nor a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Certain restrictions may apply. All approvals subject to underwriting guidelines. Not all applicants will qualify. Member Advantage Mortgage, LLC is an Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

UMassFive College Federal Credit Union NMLS #460131, Member Advantage Mortgage, LLC NMLS #1557. Massachusetts Mortgage Lender License #ML1557.

Member Advantage Mortgage contact info:

Member Advantage Mortgage LLC (MAM) is a subsidiary of CUSO Development Company (CDC), which is owned and operated by credit unions for the benefit of credit unions and their members. UMassFive College Federal Credit Union (UMassFive) has an affiliated business arrangement with MAM and is an indirect, minority owner of MAM. Loans originated for UMassFive members benefit both MAM and UMassFive.