$2,500 Closing Cost Credit Enhancement
MassHousing is pleased to announce a closing cost credit for borrowers utilizing the Operation Welcome Home Program effective immediately to all new applicants.
Eligible members of the Reserves or National Guard; active-duty military; Veterans who served honorably; and Gold Star families benefit from a 30-year fixed rate mortgage with a Down Payment Assistance loan of up to 3% of the purchase price or $12,000, whichever is less. The DPA loan has a 1% fixed rate and 15-year term, and is repayable upon sale or refinance of the subject property.
This is in addition to the 3% second.
Purchase Loans help you purchase a home at a competitive interest rate often without requiring a down payment or private mortgage insurance.
Cash Out Refinance loans allow you to take cash out of your home equity to take care of concerns like paying off debt, funding school, or making home improvements.
Interest Rate Reduction Refinance Loan (IRRRL), also called the Streamline Refinance Loan can help you obtain a lower interest rate by refinancing your existing VA loan.
Adapted Housing Grants help Veterans with a permanent and total service-connected disability purchase or build an adapted home or to modify an existing home to account for their disability.
Jason is a former Naval Petty Officer and served overseas as a Navy Corpsman. He is a member of Veteran Business Owners Association and former President of Endicott College’s Veterans Club.
Jason works with current Military, Veterans, as well as non-Military citizens to determine the best mortgage program for everyone, and provides seamless + professional service to ensure your loan process runs smoothly.
VA mortgage loans help Servicemembers, Veterans, and eligible surviving spouses become homeowners. Your length of service or service commitment, duty status, and character of service determine your eligibility for specific home loan benefits.
Wakefield Co-operative Bank is a proud VA lender; we look forward to working with you and thank you for your honorable service to our country.
Contact Jason to learn more about these and other VA loan options.