2019 MassHousing Annual Report - Page 8



HOMEOWNERSHIP
FINANCING
Down Payment Assistance drives production,
helps first-time buyers break into a difficult market
During yet another year of rising home prices and low
$792.1 million
inventory, MassHousing continued to offer affordable
home mortgage loans with features and benefits that
Total financing for
home mortgage loans
can’t be found anywhere else in Massachusetts, including
the first down payment assistance program available
statewide. Eligible MassHousing borrowers can receive
3,080
competitive interest rates, discounted mortgage insurance
First mortgage loans
premiums, job-loss protection insurance and high-touch
1,373
servicing from a team of people dedicated to fostering
Down payment assistance loans
totaling $9.8 million
sustainable home ownership.
128
Loans totaling $3.3 million for lead paint removal,
septic system repair or home improvements
Who is the typical MassHousing
borrower by the numbers?
$78,000
Average borrower income
6
$267,428
Average purchase price
$14,581
Average down payment

Paperturn



Powered by


Full screen Click to read
Paperturn flipbook viewer
Search
Overview
Download as PDF
Print
Shopping cart
Full screen
Exit full screen