Procedure greeting Residence provides affordable home loan funding, in addition to shutting cost and advance payment help, to aid users of the Reserves and National Guard, active-duty armed forces, veterans, and Gold Star Families purchase a house in Massachusetts.

MassHousing established procedure greeting Residence in November 2015, and has now since made different adjustments into the loan system, which includes underwriting that is flexible, a hard and fast rate of interest, and it is serviced by MassHousing.

Borrowers should be first-time homebuyers, unless the client acquisitions a house in Boston, Chelsea, Cambridge, Everett, Fall River, Lawrence, Lynn, North Adams, and Somerville. First-time homebuyers must finish an authorized homebuyer class before shutting. Continue reading “Procedure Greeting Residence”