Operation: Welcome Home

MassHousing’s Conventional Loan Program for Active Duty Members of the US Armed Services, Veterans, Reservists, and Gold Star Families MassHousing has created a new conventional loan product that combines a traditional 97% LTV Fannie Mae, 30-year, fixed-rate first mortgage, with up to 3% zero interest deferred second mortgage, to create a conventional loan for veterans with all of the same features and benefits as a traditional VA loan.

  • Up to 100% financing on single family homes and condos
  • Up to 98% financing on two and three family properties
  • Competitive interest rates and fees
  • Conventional loan fees and closing costs
  • Simple and easy mortgage process and procedures
  • Up to 105% maximum CLTV with use of eligible community second programs offered by city/towns and non-profits
  • No special property or appraisal requirements, condos follow conventional guidelines
  • Non-spouse co-borrowers allowed
  • For multi-family properties: projected rental income may be factored into total income for determining eligibility
  • Unemployment benefits for eligible Reservists and National Guard Members called to active duty

* All loans subject to credit approval. Other restrictions may apply. Applicants are subject to complete underwriting based on program guidelines, not all applicants will qualify.

Contact For More Information
Rocco Leone
Business Development Officer

Oneida Fuentes
Business Development Officer

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