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:

1. Be a first time homebuyer
2. Complete an acceptable homebuyer education course
3. Have a total household income within the program income limits where the property is located
4. Use this residence as their primary residence
5. Choose a home in a participating community
6. 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