Operation Welcome Home

You've protected the American Dream. Now you can live it.

Operation Welcome Home is a powerful new mortgage loan created by MassHousing for Veterans and members of the armed services who are first time homebuyers.

To qualify for an Operation Welcome Home loan, you must:
  • Be an active duty military member; Veteran who served honorably; member of the Reserves or National Guard; or a Gold Star Family member
  • Be a first time homebuyer*
  • Purchase a 1- to 4-family property in Massachusetts (including condominiums)
  • Meet income and loan limits: standard | purchase and rehab
*You do not have to be a first-time homebuyer if you are purchasing a home in Boston, Chelsea, Cambridge, Everett, Fall River, Lawrence, Lynn, North Adams and Somerville.

Program Features
  • Competitive, fixed interest rates with flexible credit and qualifying requirements**
  • A down payment assistance loan option of up to 5% of the purchase price or $15,000, whichever is less, for eligible borrowers with a 2% interest rate (second mortgage)
  • Up to 97% loan-to-value (LTV) first mortgage financing on single-family homes and condos
  • Up to 95% first mortgage financing on two-, and three-family homes with as little as 3% required from the borrower
  • Borrower or lender paid mortgage insurance options are available
  • Loans insured by MassHousing feature MIPlus™ Mortgage Payment Protection benefit, which helps repay your loan if you are deployed or lose your job, or for Reservists and National Guard Members called to active duty
  • A Purchase & Rehabilitation option is available

Apply Now
To speak to a Mortgage Specialist, please call 877.696.3876 or email us today.

**Your monthly payment will vary based on the loan amount, the interest rate available at the time of application, and other factors. Contact a Mortgage Specialist at 877-628-5626 for additional information. Subject to credit approval.
If any of the events described above occur, you must repay the outstanding principal amount of the Second Mortgage Loan. You can also repay all or any part of the Second Mortgage Loan at any time without penalty. Regardless of time of repayment, no interest will be payable on the amount of the Second Mortgage Loan.