Local credit union mortgage loan officer recognized for helping make homeownership more accessible for Massachusetts residents.
UMassFive is proud to celebrate mortgage loan officer Gary Talbot’s recognition as a Silver Level MassHousing Loan Originator for Fiscal Year 2025. UMassFive became an approved MassHousing lender in 2023, and in his very first year, Talbot was recognized at the Bronze Level. Advancing to Silver this year reflects not only Gary’s dedication to serving UMassFive members, but also the strong momentum of a program that is making a meaningful difference for homebuyers across Massachusetts.
MassHousing, an independent agency established in 1966, provides financing for affordable housing throughout the Commonwealth. Its programs offer valuable tools such as down-payment assistance, affordable loan terms, and unique mortgage insurance. Fiscal Year 2025 marked a record-breaking year for MassHousing, with 3,768 loans funded.
“Homeownership is a huge part of our members’ feeling of financial well-being,” says Talbot. “MassHousing has become my go-to option to recommend to members who qualify. It’s incredibly helpful for first-time buyers navigating what is often a tough market.
While not everyone may be eligible for MassHousing loans, Talbot encourages anyone thinking about financing a home in Massachusetts should find out if they are eligible. “These benefits are more accessible than one might think,” he added.
The MassHousing program offers the following unique benefits:
- Down payment assistance up to $30,000
- Loans with affordable rates, fixed for the life of the loan
- MIPlus, a unique mortgage insurance that includes job-loss protection
MassHousing has already helped more than 90,000 Massachusetts residents buy a home in the Commonwealth, and UMassFive and partner Member Advantage Mortgage are thrilled to support this institution as an approved lender. To learn more about MassHousing and your potential eligibility, visit umassfive.coop/mahousing.
