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