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Home Ownership
- Good Samaritan Homeownership Program
- Soft Second Loan Program
- Housing Consumer Education Centers (HCEC)
Soft Second Loan Program
What is the Soft Second Loan Program?
The Soft Second Loan Program is a joint initiative of the public and private sectors to increase affordable housing opportunities for low and moderate-income homebuyers in Massachusetts. The Program was developed in 1990 by a task force of the Massachusetts Bankers Association, the Massachusetts Department of Housing & Community Development, and the Massachusetts Housing Partnership Fund. It combines a conventional first mortgage with a subsidized second mortgage to help low and moderate income households to qualify for a mortgage and purchase a home for the first time.
Am I Eligible to participate in the program?
To participate in the program, you must meet the following guidelines:
Borrower Must:
- Be a first time homebuyer
- Complete an acceptable homebuyer education course
- Have a total household income within the program income limits where the property is located
- Use this residence as their primary residence
- Choose a home in a participating community
- Choose a home within the program purchase price limits
For more information, please call 413-499-1630 ext. 108 or visit the website for income/purchase price guidelines at www.mhpfund.com