Buy Fall River

Buy Fall River is a financing solution for low- and moderate-income homebuyers purchasing properties in the City of Fall River. It offers low down-payment options and fixed-rate financing, and is a good choice for borrowers looking for a safe purchase option.

Benefits

  • One fixed monthly payment for the life of the loan
  • Mortgage insurance, when required, carries mortgage payment protection, so borrowers are covered if they are ever unemployed
  • After closing, your loan payment will be made to MassHousing, a customer oriented service provider

Features

  • Up to 100% financing with no cash required on single families and condos
  • 97% financing – 2 family properties
  • 95% financing – 3 and 4 family properties
  • Approved community second mortgages are allowed

Advantages

  • Competitive interest rates
  • Lower monthly payment with low mortgage insurance coverage requirement
  • Even lower monthly mortgage insurance costs for low-income borrowers
  • Safe, fixed-payment, solution for qualified borrowers