You are in: Personal / Borrowing Options / Mortgages / Boston Home Center

BostonNeighborhoodWorks

Fixed rate loan for the purchase of 3 family properties in the city of Boston
 

  • Financing provided by Metro Credit Union in partnership with the city of Boston/Boston Home Center division 
  • Offers a fixed rate loan for qualified borrowers 
  • As little as 5% down and no mortgage insurance premiums - Lender paid
  • Borrower protection by MassHousing (MHFA) in cases of unemployment at no cost to homeowners
  • Eligible Buyers may apply for up to 5% ($20,000 maximum) toward the purchase price of a traditional, triple-decker home located in Boston, through the Boston Home Center division
  • Eligible for up to $10,000 down payment assistance (Subject to availability of FHLB Grant)


Most loans include the following features:

  • 30 Year Fixed Rate Loan
  • Minimum Credit Score of 660
  • $300 Closing Cost Credit


Please call Jackie LaBerge at 617-488-5477 for personal assistance and expert guidance throughout the process.

Minimum down payment of 3% required from borrower. Completion of Pre-Purchase Homebuyers Education including landlord counseling and agreement for post-purchase education through the Boston Home Center required. Borrower may not have an ownership interest in any other residential dwelling at time of closing. Owner must occupy property within 60 days of closing. NMLS# 198524.