THE FHA IN MASSACHUSETTS

FHA loans have been helping Massachusetts residents since 1934 

 

A licensed Massachusetts FHA Lender can offer you a better loan including:

Low down payments (if any)

24 Hour Pre-Approval

Low closing costs

Easier credit qualifying

48 hour Streamline Refinancing

 

Massachusetts First Time Home Buyer Loan

This FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in Massachusetts with  help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

Massachusetts FHA Refinance to a Lower Rate

Lowering your monthly mortgage payment is easier than ever as mortgage interest rates continue to set new record lows almost every week for more than two month.  

Massachusetts FHA Debt Consolidation

An FHA Debt Consolidation Loan can change your life, and we can connect you to an FHA Home Lending expert to talk over your financial situation so you are not left to figure out everything completely on your own.  

 

Massachusetts FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

Massachusetts FHA Lending Limits 2022

Massachusetts Median Home Sale Price Price $215,000

 

County Name Single Duplex 3 Unit 4 Unit
BARNSTABLE $408,250 $522,600 $631,750 $785,100
   BARNSTABLE TOWN, MA
BERKSHIRE $275,665 $352,950 $426,625 $530,150
   PITTSFIELD, MA
BRISTOL $426,650 $546,200 $660,200 $820,500
   PROVIDENCE-WARWICK, RI-MA
DUKES $636,150 $814,500 $984,525 $1,223,475
   VINEYARD HAVEN, MA
ESSEX $598,000 $765,550 $925,350 $1,150,000
   BOSTON-CAMBRIDGE-NEWTON, MA-NH
FRANKLIN $275,665 $352,950 $426,625 $530,150
   GREENFIELD TOWN, MA
HAMPDEN $287,500 $368,050 $444,900 $552,900
   SPRINGFIELD, MA
HAMPSHIRE $287,500 $368,050 $444,900 $552,900
   SPRINGFIELD, MA
MIDDLESEX $598,000 $765,550 $925,350 $1,150,000
   BOSTON-CAMBRIDGE-NEWTON, MA-NH
NANTUCKET $636,150 $814,500 $984,525 $1,223,475
NORFOLK $598,000 $765,550 $925,350 $1,150,000
   BOSTON-CAMBRIDGE-NEWTON, MA-NH
PLYMOUTH $598,000 $765,550 $925,350 $1,150,000
   BOSTON-CAMBRIDGE-NEWTON, MA-NH
SUFFOLK $598,000 $765,550 $925,350 $1,150,000
   BOSTON-CAMBRIDGE-NEWTON, MA-NH
WORCESTER $287,500 $368,050 $444,900 $552,900
   WORCESTER, MA-CT