MassHousing

MassHousing is an independent, quasi-public agency established in 1966, dedicated to providing financing for affordable housing across Massachusetts. With a clear mission-driven lending approach, the agency strives to empower more Massachusetts residents to achieve homeownership and secure quality rental housing.

Operating through a network of over 80 MassHousing-approved partner lenders, MassHousing facilitates home loans that are subsequently purchased and serviced by the agency. They specialize in offering affordable mortgage options, notably for first-time homebuyers, and provide significant down payment assistance. Their fixed-rate loans are known for competitive rates and transparency, further enhanced by the unique MI Plus benefit, which aids homeowners in case of job loss. Over 90,000 Massachusetts households have utilized a MassHousing Mortgage for their home purchase.

Beyond individual homeownership, MassHousing is a crucial financier for the development of new rental housing, including workforce and mixed-income projects, and supports the preservation and refinancing of existing rental properties. Programs like the Energy Saver Home Loan and Operation Welcome Home underscore their commitment to community well-being and targeted assistance, reinforcing their role as a comprehensive housing finance agency for the Commonwealth.