If you are a veteran or an active member of the Armed Forces, National Guard or Reserves interested in buying a home, MassHousing's Operation Welcome Home Loan Program might be a good option.
Qualified borrowers can receive up to 100% financing on a single-family home or condominium. Low down payment options are also available for two-family and three-family homes.
Operation Welcome Home loans for which the borrower makes less than a 20% downpayment will include MassHousing’s MIPlus™ mortgage insurance. MIPlus includes unemployment protection at no additional cost to the borrower. The benefit will cover the borrower's principal and interest payments up to $2,000 per month for up to six months in the event of a job loss. For a member of the Reserves or National Guard, activation or deployment overseas will make them eligible for the unemployment benefit as well.
Learn how to qualify and apply for an Operation Welcome Home loan.