3% down, no PMI, below-market rate with interest subsidy. For low-to-moderate income first-time buyers.
The ONE Mortgage program is a statewide collaborative between MassHousing and participating banks that provides 3% down conventional loans with no PMI for low-to-moderate income buyers. Eliminating PMI saves $150-300 per month on a typical Massachusetts purchase.
No PMI saves $200-400/month. Multi-family eligible. 22,000+ households served since 1990.
We'll show you how to combine ONE Mortgage Program with other programs to maximize your free money — personalized to your ZIP code and income.