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Not enough cash for a down payment? That may not be an obstacle to homeownership for qualified Massachusetts first-time homebuyers.
(978) 835-5906 
(978) 835-5906
Apr 11, 2020 11:02:05 AM
Not enough cash for a down payment? That may not be an obstacle to homeownership for qualified Massachusetts first-time homebuyers.
Topics: Home-buying Tips, Community Information, Mortgages 101, Loan Programs, Haverhill MA, Lowell MA, Melrose MA, Peabody MA, Salem MA, Mansfield MA, Lynn MA, Taunton MA, Everett MA, Worcester MA, Malden MA, Lawrence MA, Revere MA
Jan 16, 2020 3:28:17 PM
Average U.S. mortgage interest rates have remained below 4 percent since June 2019, giving Massachusetts homebuyers a little relief from rising home prices.
Topics: Mortgages 101, Mortgage Rates & News
Oct 4, 2019 5:15:09 PM
You're almost to the finish line.
Topics: Home-buying Tips, Mortgages 101
Aug 20, 2019 6:08:13 PM
Average U.S. mortgage interest rates were unchanged for the week ending August 15, 2019, and remained near historic lows, according to Freddie Mac's weekly Primary Mortgage Market Survey.
Topics: Mortgages 101, Mortgage Rates & News
Mar 31, 2019 9:30:00 AM
You have provided your loan officer with your pay stubs, W-2s, tax returns, bank statements, and other financial documents. The lender has reviewed the documents and provided you with a pre-qualification or a loan estimate. You're all set to go house hunting in Massachusetts or to close, and you'll know exactly how much it will cost you to be a homeowner. Not exactly.
Topics: Home-buying Tips, Mortgages 101
Jan 6, 2019 2:14:49 PM
The start of 2019 continued the recent good news on the mortgage interest rate front for Massachusetts homebuyers.
Topics: Mortgages 101
Apr 29, 2018 10:07:53 AM
Average U.S. mortgage interest rates increased to the highest level in more than four years for the week ending April 26, 2018, according to Freddie Mac's Weekly Primary Mortgage Market Survey.
Topics: Mortgages 101, Mortgage Rates & News
Jan 13, 2017 6:34:00 PM
Many homebuyers mistakenly think that MassHousing loans are only available to low-income first-time homebuyers in Massachusetts. Although there are income limits and loan limits, homebuyers are often surprised by how much a borrower can earn and borrow and still qualify.
Topics: Home-buying Tips, Mortgages 101, Loan Programs, Video
Jan 12, 2017 6:18:33 PM
(UPDATE: The Trump Administration on January 20, 2017 indefinitely suspended the recently announced FHA mortgage insurance premium reduction.)
Homebuyers will pay less for mortgage insurance when purchasing a home with an FHA loan starting later this month, the Federal Housing Administration (FHA) announced January 9, 2017; however, most Massachusetts homebuyers with credit scores 680 or higher still will have more appealing low down payment financing options.
Topics: Mortgages 101, Loan Programs, Mortgage Rates & News, FHA
Jan 12, 2017 8:55:00 AM
One of the most difficult parts of buying a home for Massachusetts first-time homebuyers is saving for the down payment. So how much cash on hand does a homebuyer need to buy a home?
Topics: Home-buying Tips, Mortgages 101, Loan Programs
Dec 1, 2016 12:36:37 PM
Massachusetts first-time homebuyers year after year cite saving for a down payment as the biggest obstacle to buying a home; however, many potential homebuyers mistakenly believe they need to save enough money for a 20 percent down payment.
Topics: Home-buying Tips, Condominium, Mortgages 101, Loan Programs, Mortgage Rates & News
Nov 16, 2016 8:58:00 AM
Massachusetts first-time home buyers sometimes feel like they are listening to a foreign language when learning about the many lending terms related to a mortgage loan. There are many and several sound similar. The following are 15 loan terms first-time home buyers should definitely know.
Topics: Home-buying Tips, Mortgages 101, Loan Programs, Real Estate Misc.
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