![]() MI Plus is offered at no additional cost on loans insured by MassHousing. MI Plus covers principal and interest payments for up to 6 months, up to $2,000/month. MassHousing mortgage insurance with MI Plus is a unique benefit that helps pay your mortgage if you lose your job. MI Plus Job Protection Means You Are Covered May be used in combination with other local down payment and other assistance programs, such as the Equity Builder Program. Up to $30,000 in every city and town in Massachusetts.Up to $50,000 in Boston and 28 select communities, including Worcester.That’s why MassHousing provides first-time home buyers with down payment assistance of Saving for a down payment is one of the biggest obstacles facing home buyers. ![]() MI Plus mortgage insurance helps pay the mortgage in case of job loss. For Hampden and Hampshire Counties, the maximum income level is 94,770. Maximum income levels as high as 125,415 (varies by city or town). MassHousing Mortgage Insurance with MI Plus. Low down payment program with no cash required on single-family homes and condos.Easy-to-understand, fixed-rate loans with no hidden fees, adjustable rates, or other surprises,.Access to a large network of certified home buyer education providers,.Our Mortgage Professionals are ready to help you every step of the way! Benefits of an MHFA Mortgage with Bay State Savings Bank: MassHousing mortgage loans and down payment assistance can be used to buy a home in every city and town in Massachusetts! The benefits and options available to you, as well as the eligibility requirements, depend on where you buy. Mass Housing Finance Agency (MHFA) Bay State Savings Bank is proud to offer MHFA first-time homebuyer mortgage loans, down payment assistance, and homebuyer benefits. Commercial Small Business Administration Loans
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